|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.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 31, 2015 11:30 AM EDT Reads: 882
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 31, 2015 11:15 AM EDT Reads: 224
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 31, 2015 11:00 AM EDT Reads: 159
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 31, 2015 10:45 AM EDT Reads: 279
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Aug. 31, 2015 10:30 AM EDT Reads: 632
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 31, 2015 10:15 AM EDT Reads: 178
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Aug. 31, 2015 10:15 AM EDT Reads: 294
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Aug. 31, 2015 10:08 AM EDT
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Aug. 31, 2015 09:45 AM EDT Reads: 586
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as...
Aug. 31, 2015 09:40 AM EDT
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Aug. 31, 2015 09:30 AM EDT Reads: 122
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 31, 2015 08:30 AM EDT Reads: 201
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
Aug. 31, 2015 07:45 AM EDT Reads: 533
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Aug. 31, 2015 06:00 AM EDT Reads: 393
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Aug. 31, 2015 04:00 AM EDT Reads: 225