Hello, Guest!
  • Tuesday, April 23, 2024
Illustration Contributor: ArtemisDiana/Shutterstock

Accenture, Raytheon, Stellar Ventures Invest in Space Cybersecurity Company SpiderOak

SpiderOak has received investments from the venture capital arms of Accenture (NYSE: ACN), Raytheon Technologies (NYSE: RTX) and Stellar Ventures and will use the capital to speed up the deployment of zero-trust, cybersecurity platforms for government and commercial clients operating in the space sector.

SpiderOak said Thursday the investment will help the company facilitate the integration of its OrbitSecure platform into the ground infrastructure to help ensure encrypted data security.

Accenture and Raytheon made their investments through Accenture Ventures and RTX Ventures, respectively.

SpiderOak designed its OrbitSecure technology offering to help organizations protect space-based assets through zero-trust and end-to-end data encryption methods.

Dave Pearah, SpiderOak CEO, noted the investment will enable the company to further advance growth in the space sector and deliver cybersecurity and resiliency platforms to customers.

“We look forward to working with our new partners to protect the entire space ecosystem, from ground to orbit.”

Video of the Day

Related Articles

GovCon Index Hardly Moved, Wall Street Posted Best Week of 2024 Financial Reports

GovCon Index Hardly Moved, Wall Street Posted Best Week of 2024

Executive Mosaic’s GovCon Index stayed flat despite negative returns in three of five sessions. The index, which tracks the stock performances of 30 major government contractors, hardly moved with a negligible $0.20 uptick week-on-week to $4,880.65. Meanwhile, the three major equities indexes booked weekly gains, resulting in Wall Street’s best week thus far in 2024. Flour

Accenture Federal Services Lands $790M Navy Contract for SHARKCAGE Software Integration Contract Awards

Accenture Federal Services Lands $790M Navy Contract for SHARKCAGE Software Integration

Accenture‘s (NYSE: ACN) federal business will provide the U.S. Navy with SHARKCAGE systems customized with commercial and commercial off-the-shelf analytics hardware and software under a potential 10-year, $789.5 million contract. The Department of Defense said Wednesday that Accenture Federal Services will also perform design, architecture, testing, manufacturing and delivery as well as assistance in installation

Doug Keating Appointed Vibrint VP of Business Development; Tom Lash Quoted Executive Moves

Doug Keating Appointed Vibrint VP of Business Development; Tom Lash Quoted

Doug Keating, formerly a senior director at Microsoft (Nasdaq: MSFT), has joined national security technology company Vibrint as vice president of business development.  He will report to Amy Steinberg, chief growth officer at Vibrint, and oversee the development and execution of the company’s expansion strategy for the national security sector, Vibrint said. “Doug will be