Securing Our Future - Location Technology, Software Supply Chain Security, Cyber Threat Protection
15 June 2022 - A Weekly Publication by New North Ventures, formerly the Dual-Use Round Up
Welcome to the first edition of Securing Our Future, celebrating startups and entrepreneurs solving large and unmet security problems and commercial opportunities in the public and private sectors.
We’re here to accelerate innovation by investing in dual-use companies and educating the community on information assurance.
We will hit your inbox every Wednesday with a weekly newsletter. You will also have an exclusive opportunity to join a monthly live webinar.
Shout out to the following companies driving innovation and moving the needle on National Security through public and private collaborations.
Elevator Pitch: Making the software supply chain secure by default
Funding: Raised $50 M of Series A funding on June 2, 2022, in a deal led by Sequoia Capital with K5 Ventures, Amplify Partners, Mantis VC, and others also participated in the round
Key People: Founded by André Ferraz
Elevator Pitch: A privacy-first innovator in location technology, enabling frictionless zero-factor authentication for mobile
Funding: Raised $15.5 M of Series A funding in a deal led by Point72 Ventures with other undisclosed investors also participating
Elevator Pitch: Cyber threat protection platform to minimize digital risk and improve cyber situational awareness
Funding: Acquired by ReliaQuest for $160 M via LBO on June 1, 2022
“Google Open-Silicon” allows developers to design and manufacture their own chips for free
The partnership between Google, SkyWater Technology, and Efabless
Allows chips to be created in 130 nm lithography which is common for smaller devices related to the IoT (internet of things)
The Chinese government is loosening restrictions and regulations in the tech industry but the motives may not be for the benefit of investors
Easing restrictions may help stimulate job growth to create more “stability” in Chinese society
China has 10.8 million college graduates this summer, and less than half have job offers
Biden Administration Weighs Changes to Classification of National Security Secrets - The Wall Street Journal
Biden administration considering changes to national security classification to promote greater disclosure of classified information
Hoping to increase transparency while still protecting national security
Overclassification can erode transparency and trust and slow down legal proceedings
Spektrum-Röntgen-Gamma telescope is a German-Russian joint advanced x-ray observatory
Germany halted work and development on the telescope after the Russian invasion of Ukraine
Roscomos (a Russian space organization) insists on restarting the project
This move further deteriorates Russian relationships with the west
AAF is the nation’s first non-profit strategic investment fund
Leverages deep scientific insight to inform its investment strategy to build and scale companies that will further national interest
The retirement fund invested $15.6 M in Russia’s Sberbank
The Russian bank’s shares dropped 95% the week after the invasion
The retirement fund suffered a $3.2 M loss after selling its shares in the bank
What does information assurance mean to you? We have our definition, but we would love to hear what you think. The answers to this poll will be used to generate a word map around what our community defines as information assurance.
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