A maker of computer security technology using a patented micro-virtualization (isolation as opposed to blocking) approach to upend existing security models. Its approach is designed to protect an executive working from a hotel or a salesperson connecting from a coffee shop, a highly mobile work force that is extremely vulnerable to cyberattacks.
The global computer security market.
Headquarters: Cupertino, Calif.
CEO: Gaurav Banga
Year Founded: 2011
Number of Employees: 85
Funding: $35.7 million
Key Investors: Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital and Lightspeed Venture Partners
- Launched enterprise security product in September 2012
- Revenue currently under $10 million
- Top clients include NYSE, ADP and BlackRock
- Targeting $15 billion in annual spending on computer security
"Disruption occurs when customers in a mature market are presented with a fundamentally different, and far more effective, way to solve a problem. Ultimately, the new markets and value networks created by disruptive products overtake and displace existing market. All detection-based security technologies have proven to be ineffective. … Furthermore, existing security products have also been unable to evolve to keep up with new developments like BYOD, cloud, smartphones and tablets. … As the market embraces this innovative approach, we are able to move towards our ultimate objective—to restore trust in computing."