Analysing global revenue opportunities for cyber security companies.
Cybersecurity is about as competitive a market as you can get. Mature vendors pushing out their credentials from decades of [assumed] success that maintain their hundreds of millions of revenue, alongside new start-ups and up-starts claiming to have found the only answer for their niche focus, looking to repay the confidence of their backers. Nothing new here. So why would the emergence of another start-up cause me to put pen to paper, when their only visible field activity is a socially distanced coffee run?
btw the company in question is Zero Abstraction.
It's down to their claims
Not the bit they promote about "In this effort we wanted to make a major, positive, impact on the cyber security industry we love", as I'm hoping that all cybersecurity providers enjoy (maybe not love) what they do and want to make a positive impact, its the next statement "this is not about replacing an existing solution or out rivalling a current vendor." Again, we have all seen orchestration platforms and heard about collaboration or coopetition, but in a world where revenue, or as a previous CFO had a habit of telling me, "cash is king", if your offering is better than the one already installed surely you are a replacement technology?
When a CISO has no spare cash for 'nice to haves' your business case doesn't go down well if you are after something to make something you already acquired, work.
But do they have the credentials to make a difference?
Lets look at the founders:
Not your normal make-up for a start up. Three heavyweights that have a wealth of cyber credentials and no doubt a black book of contacts that will help them over the those initial breakthrough challenges. Where start-ups go wrong is being 100% focused on the functionality or technology used to develop the product and not fully appreciating their markets willingness to recognise how it will resolve known issues and the challenges with evaluation and operationalisation. You would guess these guys are using their strong mix of commercial astuteness and technical expertise to recognise these challenges?
Who believes Zero Abstraction is viable?
There's only so far this start-up can spread the love of cyber, so where does tangible confidence come from?
Focus appears to be plentiful; the people and the backing, but what about those claims for success; "this is is not about replacing an existing solution or out rivalling a current vendor."
The website soundbites intentionally leave visitors wanting more: Viable compliance; Agile networking; User freedom; Improved Productivity; Safe and productive BYOD; Privacy for all; Reduced expense; Unprecedented visibility; Attack surface reduction; Frictionless UX, Simplified DLP, Security by design.
They also believe they have a unique concept that is not competitive with the existing security landscape. Making statements about the future of compute, what people really want protecting, as well as the complexity and difficulty of delivering cyber security - can this be a security offering in its true sense as it doesn't appear to fit that model or is their nirvana something bigger that strives to change the way that we as users and individuals consume technology?
Why do they look interesting (I don't get excited that quickly):
In a world where the new normal is being redefined at a pace never anticipated, I'm hoping that Michael and his cohorts come out of stealth mode and the market is still receptive to their approach, or could the attack surface have moved on and everyone has gone to the beach after drinking another box of marketing Kool-Aid?
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