|By Business Wire||
|June 11, 2014 07:05 AM EDT||
SourceClear, the company creating a modern software security platform for developers, today announced it has closed $1.5 million in seed funding for the SourceClear platform, which is turning traditional software security inside-out. With general availability in the coming weeks, SourceClear empowers developers with the intelligence to make smarter decisions while they’re building software, ensuring organizations gain complete visibility across their software portfolios. The platform integrates directly into established development tools, is armed with machine-learning capabilities and leverages ‘big data’ analytics.
“Developers are literally the only people who can solve the epidemic in software security,” said SourceClear Founder and CEO Mark Curphey. “Traditional security tools were built for security and IT people, and there has been poor adoption and high degrees of friction from developers. With the cloud, agile, open-source, mobile, devops, big-data, artificial intelligence and social platforms, developers are changing the world faster than ever before and security tools simply haven’t kept up. We are changing that. Developers love us, and our early funding is a strong vote of confidence in our vision.”
Solving Security Problems at Their Source
SourceClear’s first product helps organizations identify which components they are using across their software portfolio, where they come from, what they do and which ones have security issues. They then help developers fix the issues and stay protected against new threats.
Up to 80% of the source code in modern applications originates from reusable and open-source development frameworks and libraries. Hackers have learned to analyze and exploit these components giving them access to far more data than hacking systems one-by-one. Hackers and governments are known to have modified open-source libraries which are then innocently installed by developers creating backdoors and vulnerabilities that can be exploited at will.
“Developers are the ones burdened with security failures,” said Frank Marshall, former VP of Engineering at Cisco Systems Inc. “By operating within developers’ workflows and helping them find and fix issues in real-time, SourceClear is addressing the biggest security vulnerability: The inability of organizations to distribute the right information to the right people at the right time.”
SourceClear Secures A-List of Angel Investors
The SourceClear seed funding round is led by a group of world-class angel investors including Justin Somaini, Chief Trust Officer at Box.com; Frank J. Marshall, former VP of Engineering at Cisco Systems Inc.; Amos Michelson, Chairman of Kardium; and Mary Cirillo, board member at Thomson Reuters (TRI).
Founded by security veterans from Microsoft (MSFT), Charles Schwab (SCHW) and Foundstone / McAfee (MFE), SourceClear’s over-subscribed seed round reflects strong interest in the company’s initial products, traction from early adopters and the upcoming product portfolio. CEO and Founder Mark Curphey also founded OWASP, headed the software security program at Charles Schwab, led the information security tools team at Microsoft and was the Product Unit Manager for the Microsoft Developer Network (MSDN).
Boasting a track record of working with successful security and enterprise companies, angel investors include:
- Justin Somaini, Chief Trust Officer, Box.com; former CSO at Yahoo! (YHOO), Verisign (SYMC) and Symantec (SYMC);
- Frank J. Marshall, former Vice President of Engineering at Cisco Systems (CSCO), director on numerous boards, including Juniper Networks (JNPR), Aerohive Networks (HIVE) and InfoBlox (BLOX) and former Chairman Netscreen Technologies (NSCN). Successful security seed investments include MobileIron and SourceFire;
- Amos Michelson, chairman of Kardium, former CEO of Creo and CEO of Opal Inc.; former Ernst & Young Entrepreneur of the Year;
- Mary Cirillo, Member of the Board at Thomson Reuters, former Cisco board member;
- Seattle-based Kinzer Capital;
- London-based Realise Capital Partners;
- A private investment syndicate based in Tel-Aviv and Silicon Valley.
SourceClear’s world-class advisory board includes Box.com Chief Trust Officer Justin Somaini, privacy expert and author Siobhan MacDermott, CrowdStrike CEO and former McAfee global CTO George Kurtz, software security expert John Viega and user experience expert Charlie Claxton.
At SourceClear, we believe that security must be built-in—by developers themselves, in real time, as they create applications. We’re the only company on the planet 100% dedicated to building security tools for software developers. Tools they love to use. Tools they actually use. Find out more at https://sourceclear.com.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 24, 2017 07:30 AM EST Reads: 1,833
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Feb. 24, 2017 07:30 AM EST Reads: 363
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Feb. 24, 2017 07:00 AM EST Reads: 669
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin, ...
Feb. 24, 2017 06:45 AM EST Reads: 4,682
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...
Feb. 24, 2017 06:45 AM EST Reads: 716
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Feb. 24, 2017 06:15 AM EST Reads: 860
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 24, 2017 06:15 AM EST Reads: 5,454
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
Feb. 24, 2017 06:00 AM EST Reads: 1,933
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 24, 2017 04:00 AM EST Reads: 3,801
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Feb. 24, 2017 03:00 AM EST Reads: 1,826
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 24, 2017 02:15 AM EST Reads: 13,204
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Ca...
Feb. 24, 2017 01:45 AM EST Reads: 9,542
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
Feb. 24, 2017 01:45 AM EST Reads: 3,778
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 24, 2017 01:30 AM EST Reads: 5,734
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Feb. 24, 2017 01:15 AM EST Reads: 1,902