Former FireEye and McAfee CEO Invests in JASK Series B Through NightDragon Security, Joins Company’s Board to Facilitate Leadership and Market Expansion
SAN FRANCISCO and AUSTIN, Texas – July 26, 2018 – JASK, the provider of the industry’s first Autonomous Security Operations Center (ASOC) platform, today announced that former FireEye and McAfee CEO Dave DeWalt has joined the company’s board of directors as vice chairman. JASK also disclosed that NightDragon Security, the cybersecurity investment fund founded by DeWalt, also participated in its recently announced $25M Series B investment as a new investor alongside Kleiner Perkins. DeWalt will work with the company to continue driving its dominant market momentum.
A proven industry executive, advisor and investor who has led startups to the Fortune 500, DeWalt helped create more than $20 billion of shareholder value during his more than 15 years as president & CEO of three major companies. Today, he serves as a board member in some of the most innovative companies, from well-established market leaders to high-growth start-ups, such as Delta Airlines, Five9, ForeScout, Phantom Cyber, CallSign, Claroty, Team8, DataTribe, Illusive Networks and Optiv.
“The way security operations centers operate today is absolutely unsustainable, and automation must play a critical role in shifting the balance back to the good guys,” said Dave DeWalt. “JASK’s vision is spot on, using automation where it makes sense and empowering SOC teams to spend time on what’s important. This is the only way we will effectively scale and meet the demand to protect our organizations.”
JASK’s mission is to modernize security operations by improving human efficiency through the application of advanced technology. The JASK ASOC platform automates much of the work of a tier 1 security analyst by correlating and analyzing vast amounts of data and summarizing the important information via JASK InsightsTM, streamlined notifications that indicate a combination of events or activities that should be investigated. JASK Insights contain all of the information in one actionable interface to help speed investigation and response times.
“Dave’s deep industry experience and proven leadership accomplishments are unparalleled, and we’re honored to have him join the team,” said Greg Martin, JASK CEO and co-founder. “Dave’s role in helping shape and execute on our growth strategy is significant as we expand our channel network, ramp our international expansion, grow our team and further accelerate adoption of the JASK ASOC platform.”
Last month, JASK announced its $25 million Series B led by Kleiner Perkins with participation from early investors, Dell Technologies Capital, Battery Ventures, TenEleven Ventures and Vertical Venture Partners. The round also included Draper Nexus, a B2B-focused early stage VC based in Silicon Valley and Tokyo, as a new investor.
“JASK’s success to date is impressive and we believe the platform innovation and market traction has created a strong foundation for worldwide long-term growth,” said Hiro Rio Maeda, Draper Nexus Managing Director. Rio is a renowned security investor, having invested in companies such as Palo Alto Networks and Cylance, and expanded their business internationally. “Dave brings impressive experience to the company and we look forward to working with the team as we continue to modernize the way organizations defend from cyber attacks.”
About NightDragon Security
NightDragon Security is an investment firm focused on partnering with cybersecurity companies across the corporate lifecycle, from early stage, to growth, buyouts and special situations. Its flexible model allows it to lead or co-invest alongside leading venture capital and private equity firms in the pursuit of driving growth and maximizing shareholder value. NightDragon is unique in providing deep operational expertise in cybersecurity gained by its founders Dave DeWalt and Ken Gonzalez from years serving as senior executives leading technology companies such as Documentum, EMC, Siebel Systems (Oracle), McAfee, Mandiant, Avast and FireEye.
About Draper Nexus
Draper Nexus is an early stage venture capital fund focusing on Enterprise Tech and Hardware/Industrials. Draper Nexus brings a collaborative approach to work with entrepreneurs who are harnessing technology and data to transform and unlock value in established industries. The firm leverages its Corporate LP/industry relationships in Japan and the global reach of the Draper Venture Network to create a customer development advantage for our portfolio companies. For more information, please visit: www.drapernexus.com
JASK is modernizing security operations to reduce organizational risk and improve human efficiency. Through technology consolidation, enhanced AI and machine learning, the JASK Autonomous Security Operations Center (ASOC) platform automates the correlation and analysis of threat alerts, helping SOC analysts focus on the highest-priority threats, streamlining investigations and delivering faster response times. www.jask.com
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