Founders will spend 10 weeks building their startups with Highland
Capital Partners and industry mentors
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Highland Capital Partners, an early
stage venture capital firm that helps early stage disruptors become
industry leaders, today announced the beginning of its renowned summer
accelerator for security startups, the Cybersecurity
Factory 2018. Startups will receive a $35,000 investment and
participate in the 10-week mentoring program at Highland’s office near
the Harvard and MIT campuses.
Started in 2015 as a collaboration between Highland Capital Partners and
MIT PhD candidates Jean Yang and Frank Wang, Cybersecurity Factory is an
immersive startup accelerator that gives each team access to direct
mentorship opportunities, leadership development training, potential
customers, and a community that can provide feedback on both the
technical solution and the consumer-facing product. The program includes
mock board meetings, focused business and technical guidance from
investors and direct mentorship from the nation’s top cybersecurity
“When we began Cybersecurity Factory, we wanted to provide entrepreneurs
with the guidance and connections they needed to fine tune their
offering and navigate the challenging startup ecosystem,” said Frank
Wang, Co-founder of Cybersecurity Factory. “With alums such as
Commonwealth Crypto and Stealthmine securing more than $1.5 million in
seed funding following their summer with us, we know our program is
providing entrepreneurs with the business direction they need to bring
solutions to market.”
This year’s Cybersecurity Factory participants tackle the most pressing
issues within cybersecurity and data privacy, areas that consumers,
businesses and government alike remain focused on. As global regulations
such as GDPR come to fruition and new cyber threats emerge weekly, the
cybersecurity world continues to look for new ideas and approaches for
securing the digital world. Highland Capital Partners has a history of
bringing the most advanced, talented cybersecurity companies to market,
including Carbon Black, Imprivata and Malwarebytes.
The following innovative startups will participate in the Cybersecurity
Factory this year:
- Akita – Founder Jean Yang, Assistant Professor at Carnegie
Mellon University, is building a platform for collecting and sharing
sensitive data in health and other domains, based on her research on
programmatically enforcing data privacy policies on sensitive data.
- Bluefyre – This cloud-native application security solution
developed by Sabin Thomas and Tim Buntel gives developers the power to
build secure applications that can detect and prevent threats at
runtime, without the need for security experts.
- Convertive – This security metrics platform led by Dan Chapman
and John Murray uses actual dollar figures and data to evaluate the
performance of your entire security approach.
- Kee.sh – Founder Sam Scott offers secret
management-as-a-service to help developers build and maintain secure
infrastructure and applications.
“Enterprises understand what is at stake when it comes to data privacy
and cybersecurity, but most application developers aren’t security
experts and need assistance to bake security into their product or
services from the beginning,” said Tim Buntel, co-founder of Bluefyre.
“Our platform makes putting security first easy for organizations who
lack dedicated security teams. Tapping into Highland’s knowledge and
connections is the opportunity we hoped for to take our business to the
next step and address this widespread industry challenge.”
Cybersecurity Factory startups will work from Highland’s office in
Cambridge during the program and meet weekly with Highland Partners and
mentors. This year’s mentoring team includes senior executives from
Qualys, Imprivata, SAP, Synack, Akamai, LogMeIn, IBM, AT&T, ISACA,
Netflix, Twitter, IDC, and Cisco Systems. In addition to sponsorship
from Highland, the program receives support from Comerica, Latham &
Watkins, Akamai, Imprivata, Rapid7, and Cybereason.
About Highland Capital Partners
Highland Capital Partners is an early stage venture capital firm with a
track record that includes 45 IPOs and 115 M&As. With offices in
Cambridge and Palo Alto, Highland has raised over $3B in committed
capital and invested in more than 270 companies during its 30 years. Its
investments have resulted in category-defining businesses across
consumer and enterprise technology, including 2U, Gigamon, Catalant,
Harry’s, Malwarebytes, nuTonomy, Rent the Runway, SmartThings, ThredUP,
Carbon Black, and Turbonomic.
CommCreative, for Highland Capital Partners