National Security Needs a Clock, Fundings: Corelight, Assert AI, Blaize
1 May 2024 - A Weekly Publication by New North Ventures
Hubble Network has again demonstrated its groundbreaking potential by clinching the prestigious award at the inaugural Space Symposium: Innovate pitch competition. With its myriad commercial and defense applications, Hubble Network's revolutionary communication technology has captured the industry's imagination. Its capability to track the location of objects worldwide using a simple Bluetooth sensor, devoid of traditional connectivity constraints, heralds a new era of IoT innovation.
Hosted by the Space Commerce Institute and Starburst Aerospace, the Space Symposium: Innovate provided an exclusive platform for pioneering aerospace and defense firms to showcase their ingenuity and forge collaborative ties within the space sector.
We are immensely proud of Hubble Network's achievement, as it not only underscores their technical prowess and visionary leadership but also highlights their potential to shape the future of space technology. Congratulations to Alex Haro and the entire team at Hubble Network for their well-deserved success. We look forward to witnessing their continued growth and impact in the industry.
Time—The Forgotten Dimension In Defense
Like it or not, speed has a critical role in the competitive landscape of technology and defense industries. There is a great advantage to being the first to market or swiftly adapting to emerging technologies, drawing examples from leading tech companies.
However, bureaucratic structures within certain organizations often impede quick decision-making and implementation processes, potentially endangering national security by delaying the adoption of critical technologies.
There is a paradigm shift towards recognizing speed as a pivotal competitive dimension and advocating for measuring the actual time taken for various processes. Prioritizing speed enables a balance between adhering to processes and ensuring efficient resource utilization.
The discussion highlights historical examples and contemporary contrasts, underlining the importance of speed in addressing the dynamic challenges of modern warfare and national security. By prioritizing speed, organizations can foster innovation and ensure timely capability delivery, aligning with security threats' evolving nature.
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Founded: 2013
Key People: CEO Brian Dye
Elevator Pitch: A network visibility software platform designed to solve cybersecurity problems.
Funding: The company raised $150 million of venture funding in a deal led by Accel on April 30, 2024.
Founded: 2019
Key People: CEO Job Philip
Elevator Pitch: Real-time insights and actionable intelligence software designed to provide computer vision with artificial intelligence.
Funding: The company raised $4 million of venture funding in a deal led by Arya.ag, Prashant Purker and Ramesh Hariharan on April 29, 2024.
Founded: 2010
Key People: CEO Dinakar Munagala
Elevator Pitch: Computing technologies designed to make artificial intelligence (AI) broadly accessible to enterprises and people.
Funding: The company reached a definitive agreement to acquire BurTech Acquisition (NASDAQ: BRKH) through a reverse merger for $894 million, resulting in the combined trading on the NASDAQ stock exchange as of December 24, 2023.
Look for a new episode of Securing the Future Podcasts wherever you listen. In our most recent episode, general partner Jeremy Hitchcock sits down with John DeVito, a seasoned law enforcement professional with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), for an engaging conversation about his ongoing efforts to create safer neighborhoods and uphold justice across the nation.