Leading Provider of Cybersecurity for Industrial Control Systems, NexDefense, Wins 2016 TiE50 Top Startup Award

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Prestigious Silicon Valley awards program selects NexDefense for its disruptive technology and attributes that demonstrate the highest probability of success

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In an era in which threats to all sectors of critical infrastructure are increasing in sophistication and frequency, NexDefense is unrivaled in its ability to protect the integrity and availability of mission critical industrial control systems.

NexDefense Inc., a leading provider of cybersecurity for industrial control systems (ICS), today announced that it has won the 2016 TiE50 Top Startup award. Winners were announced on Friday May, 6 at Tiecon, an annual entrepreneurial conference put on by the TiE Silicon Valley organization. NexDefense was one of 50 winners chosen out of more than 2000 entries made by technology startups across the country.

“This is one of those awards that’s truly an honor to win,” said Derek Harp, NexDefense’s co-founder and board chairman. “In an era in which threats to all sectors of critical infrastructure are increasing in sophistication and frequency, NexDefense is unrivaled in its ability to protect the integrity and availability of mission critical industrial control systems. This award validates the work that we’ve already done, and motivates us to keep striving towards making the world a safer place.”

In the past 18 months, NexDefense has also won awards and earned recognition from ATP Connect, Cyber Defense Magazine, RSA and the Technology Association of Georgia.

“TiE50 has become a global brand that attracts thousands of companies worldwide. We screened more than 2000 companies this year and selected the most innovative 70 companies as 2016 TiE50 Top Start-ups. TiE50 presentation audiences are treated to amazing ideas and disruptive technologies” said program co-chair Karpagam Narayanan. She also added that “The TiE50 Program is one of TiE Silicon Valley’s most successful programs. This year, the screening committee included 47 judges who are highly accomplished domain experts, senior executives, venture capitalists, and marquee tech entrepreneurs. The TiE50 program’s track record since its inception in 2009 shows an overwhelming 92% percentage of start-ups to get funded within one year of being recognized! About 130 Top Start-ups had successful exits so far."    

NexDefense helps organizations across critical infrastructure sectors to identify threats, reduce risks and better maintain the availability, integrity and confidentiality of all essential operations. Sophia™, the company’s patent-pending Industrial Network Security Monitoring system, is a cybersecurity solution purpose-built for control systems to enhance protection while also facilitating compliance to standards and best practices. Sophia understands ICS protocols and provides real-time insight into systems to give organizations visibility and access to the data they need to know to make real-time decisions and better protect critical infrastructure from cyber attacks.

President-elect and program co-chair Ram K. Reddy added that “TiE Silicon Valley will continue to mentor and support these companies throughout the year by offering guidance and connectivity to our broader ecosystem.”    

For more information on NexDefense visit http://www.nexdefense.com and follow us on Twitter @nexdefense.

About NexDefense
NexDefense empowers industrial control system operators with the real-time knowledge needed to maintain system integrity and combat sophisticated cybersecurity threats. Through Sophia™, a patent-pending industrial network monitoring and anomaly detection system, control system engineers, operators and security practitioners can gain valuable insight into networking events and activities that can negatively affect vital process and manufacturing systems. When employed throughout the control system’s lifecycle, its proven capacity to continuously identify, analyze and warn about deviations from normal operations provides unparalleled situational awareness and actionable intelligence to limit risk, reduce liabilities and enhance control system safety, security and productivity. For more information on NexDefense, visit http://www.nexdefense.com and follow us @NexDefense.

About TiEcon
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. Each year, about 5000 attendees from across the world converge upon the Silicon Valley to attend TiEcon. Attendees come together to network and experience content rich sessions TiEcon was listed by Worth Magazine as one of the 10 best conferences for ideas and entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

About TiE Silicon Valley
TiE Silicon Valley is a globally networked not-for-profit organization fostering technology entrepreneurship through mentoring, education, and networking. http://www.tieeco.org

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