Securing Our Future - Cybersecurity, Drones, and Defense Tech
13 July 2022 - A Weekly Publication by New North Ventures, formerly the Dual-Use Round Up
Last chance to register for our LIVE recording of our next podcast and be able to ask our guest questions! The recording will be TODAY at 11:00 am. The episode is titled “Making Cybersecurity More Accessible” with Spencer Thompson, CEO and Co-Founder of Prelude. Topics include:
The current state of cyber security
Innovation in cybersecurity training
How to turn vulnerabilities into opportunities to strengthen networks
Founded: 2021
Key People: Founder & CEO Bill Peterson
Elevator Pitch: Unmanned, autonomous, green wing-in-ground-effect vessels to deliver goods efficiently to tens of thousands of destinations
Funding: Raised $177 K in equity crowdfunding via StartEngine on June 28, 2022
Founded: 2020
Key People: Co-founded by Jim Goldman and Rob Beeler
Elevator Pitch: Cyber risk management platform for small and midsize businesses
Funding: Raised $2.2 M of venture funding from undisclosed investors on July 6th, 2022
Parachute Paradigm and Defense
Founded: 2019
Key People: Co-founded by Aaron Nazaruk and Alexander Alvarado
Elevator Pitch: Provider of high quality, precision manufactured, military style parachute systems and associated defense products to global commercial, government, and humanitarian customers
Funding: Raised $5 M of seed funding from undisclosed investors on July 6th, 2022
Heads of FBI, MI5 Issue Joint Warning on Chinese Spying - WSJ
Rare joint appearance to warn against Chinese state-sanction hacking and espionage at a global scale
US counterintelligence warned state and local governments against overt and covert Chinese influence on policymaking
FBI opens a new counterintelligence case into the Chinese government every 12 hours and MI-5 is running seven times as many investigations into suspicious Chinese activity than in 2018
The Army is Trying to Jump-Start its Venture Capital Arm - Fed Scoop
Army Venture Capital Corporation (AVCC) founded in 2002 has been dormant for 10 years without funding
Jake Chapman is the new managing director and seeking $50-100 M in funding from congress to invest in startups
AVCC struggled early on through the financial recession of 2008, but Chapman is determined to leverage his expertise to work hand in hand with start-ups
Special Ops Tech Pulled in Different Directions - National Defense Magazine
Strategic pivot to address challenges and threats in Indo-Pacific theatre
SOCOM is in the process of writing the Special Operating Forces 2040 document which will outline potential threats in the coming decade
American Factories Are Making Stuff Again as CEOs Take Production Out of China - Bloomberg
Pandemic forced executives to rethink their supply chains
Construction of new manufacturing plants in the US have risen by 116% over the past year
“Onshoring”, “Reshoring”, and “Nearshoring” are all terms being used to highlight the shift towards manufacturing in the US
CIA Names First Technology Officer - CIA
Nand Mulchandani nominated to serve as the first ever CTO for the CIA
Mulchandani has over 25 years of experience working in Silicon Valley as well as for the Department of Defense
