Cyber start-up, Ayasdi, graduates from Northrop Grumman and bwtech@UMBC Cync Incubator Program
05 Novembre 2015 - 8:18PM
- Cync continues cultivating brightest ideas on cybersecurity
research
- Ayasdi's innovative approach to machine intelligence and
advanced analytics enables greater cyber situational awareness for
customers
Northrop Grumman Corporation (NYSE:NOC) and the bwtech@UMBC Cyber
Incubator announced today that machine intelligence and advanced
analytics provider, Ayasdi, will be the sixth cyber start-up to
graduate from the highly successful Cync Program. A ceremony
marking the occasion took place last week at the CyberMaryland
Conference in Baltimore.
Cync is a global cyber start-up initiative designed to cultivate
the brightest ideas in cybersecurity and commercialize these
innovations for use in the federal marketspace. Formed in 2011 by
Northrop Grumman and bwtech@UMBC, this unique partnership creates a
pathway for technology-driven start-ups to speed advanced solutions
to customers while providing extensive business incubation
expertise and access to capital and talent to help companies
thrive.
"As a leading cyber provider to the federal government, we have
an obligation to foster innovation to ensure that the best ideas
are made available to our nation to stay ahead of the ever evolving
threat," said Chris Valentino, director of strategy, cyber
division, Northrop Grumman Information Systems. "No one company can
do it all, it's innovation from all corners of the world that will
make the difference so giving a boost to those with great ideas is
what our partnership is about as we strive to keep our global
networks safe."
"Ayasdi achieved much success while participating in the Cync
program with fundraising and business development," said Ellen
Hemmerly, executive director of bwtech@UMBC Research and Technology
Park. "We are delighted that Ayasdi will continue to grow its
government business as a tenant at bwtech@UMBC."
Leverege, of Baltimore and ParaTools, of University of Oregon,
join Cync this month as the newest cyber start-ups accepted into
the program.
Cync graduates include DB Networks, KoolSpan, AccelerEyes
(ArrayFire), Five Directions and Oculis Labs. Current occupants at
Cync include iWebGate, Perth, Australia; Light Point Security,
Baltimore; and OptioLabs, Baltimore.
Based in Menlo Park, Calif., with offices in the Cyber Incubator
at bwtech@UMBC, Ayasdi's machine intelligence software uses
Topological Data Analysis to simplify how knowledge is extracted
from the most complex data sets to help governments and enterprises
make the right operational decisions quickly. Among its
awards, Ayasdi was selected as a 2015 Technology Pioneer by the
World Economic Forum and, for the second consecutive year, was
named one of the 10 Most Innovative Companies in Big Data by Fast
Company Magazine. In March 2015, Ayasdi announced a $55 million
Series C funding round led by Kleiner Perkins Caufield &
Beyers, which joined other leading investors in the company. For
more about Ayasdi, click here.
The Cync program is currently taking applications, looking for
companies that address critical market needs in the areas of cyber,
data sciences, big data, secure mobility, and cyber physical
systems/critical infrastructure protection. For information about
applying to this scholarship program, go to www.bwtechumbc.com.
bwtech@UMBC is a 71-acre research and technology community at
the University of Maryland, Baltimore County (UMBC). With more than
500,000 square feet of office and laboratory space, it is home to
more than 120 technology and life science companies at all stages
of development. bwtech@UMBC offers collaboration with university
faculty and students, and enjoys a strategic and convenient
location, close to downtown Baltimore, BWI Thurgood Marshall
Airport and Washington, D.C. Its annual economic impact on the
state is estimated to be more than $500 million.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in unmanned systems,
cyber, C4ISR, and logistics and modernization to government and
commercial customers worldwide. Please visit
www.northropgrumman.com for more information.
CONTACT: Marynoele Benson
Northrop Grumman Corporation
703-556-1651
marynoele.benson@ngc.com
Megan Hanks
University of Maryland, Baltimore County
410-455-5791
mhanks@umbc.edu
Northrop Grumman (NYSE:NOC)
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