San Diego’s EdgeWave Raises $6M to Counter Intense Cyber Attacks

Cybersecurity, Internet Security, Web Security, Database Security

the bombardier/navigator seat of the Navy’s A-6 Intruder attack aircraft and served as a Navy communications security officer, also has infused a certain military bearing at EdgeWave—by highlighting the company’s improved “military-grade” security capabilities.

Maquera explains that military-grade cybersecurity uses a multi-layered defense that combines big data analytics with real-time human monitoring and analysis. EdgeWave’s technology combines the use of artificial intelligence to identify anomalous activities on customer networks, rapid-response capabilities, and the “scalability” necessary to match the scope of orchestrated cyber attacks, he said.

EdgeWave also has a 24/7 operations center to monitor customer networks and respond to threats as quickly as possible.

Last month, EdgeWave said it had recruited retired Navy Capt. Mike Walls to lead the company’s cybersecurity platform. Walls previously headed the Navy Information Operations Command in Norfolk, VA, overseeing 800 military and civilian employees who defend Navy computer networks against hacker attacks, and who provide IT training, readiness assessments, and carry out other cyber and electronic warfare operations.

EdgeWave has been steadily expanding its capabilities since 2009, when Ryan stepped in from the board to run the company, which was then known as St. Bernard Software.

At that time, St. Bernard was publicly traded on the over-the-counter market, had about 5,000 customers, and was known chiefly for its iPrism network security appliance. In 2010, the company expanded its capabilities by acquiring the spam-and-malware filtering technology, security software, and close to 2,000 customers of Red Condor, a startup near Sonoma State University in Rohnert Park, CA.

With its enhanced portfolio of “secure content management” technologies and services, the company changed its name to Edgewave in 2011. In late 2012, the company de-registered its common stock and ended its obligations for filing regular financial reports with securities regulators.

EdgeWave is now completely private and shares are no longer traded, according to a company spokeswoman. With the $6 million investment disclosed today, Maquera says TVC Capital has taken a minority stake in the company; TVC’s Jeb Spencer also has seat on EdgeWave’s board of directors.

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Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.