Cybersecurity firm, SpiderOak, garners robust backing

Cybersecurity firm, SpiderOak, garners robust backing

In a move poised to fortify its position as a leading provider of zero-trust cybersecurity and resiliency solutions for space systems, SpiderOak recently announced securing a considerable investment.

The undisclosed amount was contributed by a trio of influential industry players, namely Accenture Ventures, RTX Ventures – a subsidiary of Raytheon Technologies, and Stellar Ventures.

SpiderOak’s success rests on its innovative approach to space cybersecurity. The firm’s cornerstone product, the OrbitSecure suite, offers comprehensive end-to-end data encryption, tackling the unique security obstacles inherent to space-based assets. This distinctive offering has catapulted SpiderOak into a leadership position within the rapidly growing space cybersecurity market.

The new injection of funds will enable SpiderOak to speed up its deployment of end-to-end data security solutions. The company’s aim is to service both commercial and government clients operating in space, with a clear focus on augmenting the security of U.S. national security space infrastructure. Moreover, SpiderOak intends to utilise the funds to expedite the expansion of its OrbitSecure product into ground infrastructure.

Notably, Raytheon Technologies’ BBN division unveiled strategic plans last April to develop resilient mesh network solutions for contested environments. The plan is to leverage SpiderOak’s OrbitSecure solution in conjunction with Raytheon BBN’s Distributed, Disrupted, Disconnected and Denied (D4) secure cloud solution.

Dave Pearah, CEO of SpiderOak, warmly acknowledged the investors’ support and confidence. He affirmed, “With this new investment, we are even better positioned to continue our growth in the space sector and to provide our customers with the highest levels of cybersecurity and resiliency solutions available. We look forward to working with our new partners to protect the entire space ecosystem, from ground to orbit.”

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