News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are buying Seattle-based network security startup XtraHop.
Part of the Network Detection and Response (NDR) market, XtraHop’s security solutions are for companies that manage assets in the cloud and on site, “something that could be useful as more companies find themselves in the middle of that state.” are,” report Ron Miller and Alex Wilhelm.
Just a year ago, XtraHop was closing in on $100 million in ARR and considering an IPO, so Ron and Alex talked to XtraHop CTO and co-founder Jesse Rothstein about how (and why) the deal came together. He Came.
Have a great week, and thanks for reading!
Senior Editor, Nerdshala
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Xometry is taking its surplus manufacturing capacity business public
Axometry, a Maryland-based service that connects companies with manufacturers with greater production capacity around the world, last week filed an S-1 form with the U.S. Securities and Exchange Commission announcing its intention to become a public company. did.
As global supply chains tighten during the pandemic in 2020, a company that helped find additional manufacturing capacity was likely to be in high demand.
But growth aside, it’s clear that Xometry is no modern software business, at least from a revenue-quality profile.
It’s time for security teams to adopt security data lakes
The average corporate security organization spends $18 million annually but is largely ineffective at preventing breaches, IP theft and data loss. Why?
The segmented approach we are currently using in the Security Operations Center (SoC) does not work. It is time to replace the Security Information and Incident Management (SIEM) approach with security data lakes.
As with many other changes, the reduced reliance on SIEM is well underway. SIEM isn’t going overnight, but its role is changing rapidly, and it has a new partner in the SOC – Security Data Lake.
China’s Campaign to Compete Against Starlink for the Future of Orbital Internet
Over the past several years there has been a wave of businesses hoping to offer distributed broadband Internet from thousands of satellites in low-Earth orbit (LEO), providing coverage of most of the Earth’s surface.
With the accelerated deployment of SpaceX’s Starlink constellation in 2020, China has responded rapidly in terms of policy, funding and technology. Still in early development, the “Chinese answer to Starlink,” Satnet, and related Guowang are likely to compete with Starlink and others in some markets, while also serving a strategic purpose from a government standpoint.
With ample support from very high-level actors, we are likely to see a Red Star (Link) rollout over China (and the rest of the world) in the years to come.
This SPAC is betting that a British healthcare company can rock the US market
Babylon Health, a British health tech company, is pursuing a US listing through a blank-check company, or SPAC.
While we wait for Robinhood’s IPO, the exchange delves into its speculations, framing itself for its fundraising history, its product, its numbers and impact.
The Hidden Benefits of Adding a CTO to Your Board
According to Puppet’s chief technology officer Abby Kearns, conventional wisdom says that your board should consist of a few CEOs who can offer informed advice from an entrepreneur’s perspective, but adding a tech leader to the mix has real upside.
Beyond their engineering experience, CTOs can help founders set realistic deadlines, help identify pain points, and provide what Kearns calls “practical empathy” for high-pressure situations.
They can also be an effective advocate for founding teams that need help explaining why launches are delayed or new engineering staff is badly needed.
“A CTO understands the nuts and bolts,” Kearns says.
6 career options for ex-founders looking for their next adventure
As the “founder” on your resume, you face a major challenge when trying to get a traditional salaried job.
You’ve already shown that you really want to lead a company, not just climb the ladder, which means some employers are less likely to hire you.
So what should you do? Especially if your spouse and/or bank account got burnt due to fluctuating startup income?
Here are six options for ex-founders planning their next move.
How Bottom-Up Sales Helped Expensify Lead the Way to SaaS
In the fifth and final part of Expensify’s EC-1, Anna Heim explores how the company built its business, which is right in an unexpected way.
Anna writes, “You would expect that an expense management company to have a large sales department and advertise through all kinds of channels to maximize customer acquisition.” But “Expensify just doesn’t do what you think it should.
“Considering the tendency of this company to just stick to its guts, it should come as no surprise that it has received over $100 million in annual recurring revenue and a workforce of 130 million users, some contractors, and Almost non-existing sales team.”
How is this development possible without a sales team? a rumor.