DSrupt 15 spotlight on…
Stuart Laidlaw, CEO & Co-founder of Cyberlytic pitched at the 6th Discovering Start-Ups Competition last year and won! Here’s what they’ve been up to since the event, hosted at Deloitte HQ in London.
Within a month of winning the CW Discovering Startups competition, we completed a seed investment round that allowed us to focus our efforts on product development and validation. By establishing our own in-house team, we were able to accelerate development of our core product, the Cyber Threat Profiler (CTP).
Earlier this year we initiated several trials with businesses operating in financial services, defence and critical national infrastructure. The trials were incredibly important, as we were able react to user requirements and incorporate new features, such as dynamic reporting, attack prediction and alerting. We knew the product was going to be a hit when it identified a successful attack, which was not detected by the customer’s conventional security controls – our eureka moment! We were able to help our customer to prevent further data loss, which would have gone undetected without us. We’ve since gone on to sell the CTP.
Whilst the CTP is intended to help security teams prioritise their workload and focus on high-risk attacks, we decided to develop a variant of the tool that automates the response; mainly targeted at smaller businesses that don’t have the capacity to monitor alerts. By incorporating game theory research completed for the Ministry of Defence earlier this year, we have created an intelligent web application firewall that automatically responds to cyber-attacks, depending on risk exposure to the business. The Cyber Threat Defender (CTD) will be released later this year.
Other highlights include our patent being granted in the UK in May and coverage in Wired Magazine and more recently in the Telegraph. We’ve also built partnerships with large players in the cyber security industry that we will lean on to increase sales. For example, we can demonstrate integration with IBM’s QRadar system – further validation that our product cuts through noise and helps security teams work more effectively.
Looking ahead, we are in the process of closing a large-seed investment round that will allow us to commericalise the business and take our proven and mature product to the market.
For more information, visit www.cyberlytic.com
The 7th Discovering Start-Ups Competition is live and taking entries! Get yours in now as the deadline is Friday 23rd September – visit website