Amidst these days of growing cybersecurity threats, Cary startup CloudPerceptions says its technology provides clients with a “full-blown” security platform.
The emerging company will make its case to potential investors – and customers – at the CED Tech Venture Conference on Sept. 19-20 in Raleigh.
CEO Shixiong Shang says his firm provides “the only multi-tenant, hardware agnostic solution on the market to automate the security of containerized applications and data, without the need for extra software systems (hypervisors) or physical servers. It means less risk of data breaches, less damage to enterprise brand name and reputation; it also means maximal [capital expense, operating expense] savings and greater opportunities to increase profit margin.”
Says the company:
“CloudPerceptions provides a software-based security solution against massive data breaches for enterprise like Target. Traditional solutions typically place the security checkpoints at the front entrance to Internet. Our solution augments traditional security strategies by placing security right next to the data and services. By using such a unique approach, we protect enterprises from both internal and external threats in their private clouds.”
Shang earned an M.S. degree in Electrical Engineering from North Carolina State University.
This profile is the latest in a series featuring firms participating in Tech Venture. Stories are written edited and published by WRAL TechWire in partnership with the CED.
- Website: http://www.cloudperceptions.com
- Email contact: email@example.com
- Address: 117 Abercom Court, Cary, NC 27519
- CEO: Shixiong Shang
- How many employees? 4
- Link to CED Tech Venture Company Profile: https://cednc.org/company-profile/cloudperceptions
- What is the focus of your business?
CloudPerceptions focuses on building full-blown cloud security platform for enterprise with shared infrastructure. Our platform currently provides micro-segmentation of services and applications in multi-tenant or multi-customer environments.
We see a future when this platform can proactively detect unknown and unlawful behaviors and isolate the comprised containerized service in automated fashion within enterprise domain.
- What is the top pain point/business application you are seeking to address?
In 2016, 4.2 billion records were stolen from IT organizations at the cost of $600B. Given the scope of this significant problem, protecting corporate assets and private information has never been more critical.
- What makes it unique?
The only multi-tenant, hardware agnostic solution on the market to automate the security of containerized applications and data, without the need for extra software systems (hypervisors) or physical servers. It means less risk of data breaches, less damage to enterprise brand name and reputation; it also means maximal CapEx/OpEx savings and greater opportunities to increase profit margin.
- Why should investors be interested in your firm?
In 2016, 4.2 billion records were stolen from IT organizations at the cost of $600B. This threat is forecasted to drive a $9.2B cloud security market by 2020, growing at a 12.8% growth rate.
At the same time the containerization market is growing at 40% annually and expected to reach a market size of $2.7B by 2020.
These two factors alone are pointing to a large potential for security solutions that can address the containerization market.
- How are you financed at this point?
At this point CloudPerceptions has been running on founder financing and early seed investors. CloudPerceptions is currently seeking the first round of angel funding.