We attended a pitch competition yesterday morning, which Maryland's Department of Commerce organized in Venable's offices not far from the Moscone Center. Ten international start-ups pitched a panel of venture capitalists and other experts on investment in the security sector. At stake were preferential terms for tenancy at bwtech@UMBC, a start-up incubator in Baltimore County among whose specialties is providing a place from which young companies from outside the US can gain some perspective on US markets.
The companies who pitched were Alias Robotics (Spain), Baffin Bay Networks (Sweden), CryptoLoc Technology (Australia), CyberMerc (Australia), Cyber Observer (Israel), CyGov (Israel), Enigmedia (Spain), SecureStack (Australia), SightLabs (the Netherlands), and Votiro (Israel).
The panelists selected a winner and two runners-up. The third runner-up was Enigmedia, which provides privacy solutions based on a proprietary encryption system. Their principal interest in the market isn't, however, in protecting personal information, but rather in contributing to the security of industrial control systems, where they believe their low-latency solution has particular applicability. Placing second was CyberMerc, whose market is the under-served small and medium enterprise. They offer a mesh defense network, and their solution involves providing a hardware appliance to help smaller businesses achieve a "comprehensive, visual, real-time performance overview and critical security control analysis." And Votiro placed first. Its File Disarmer security solution is designed to allow "safe and free use of data," with particular protection against unknown threats.