Comprehensive Market Research Report for Cybeats Technologies Corp.

Company Overview

Name

Cybeats Technologies Corp.

Mission

Cybeats aims to help organizations build certainty into their products at every step of the product lifecycle by offering built-in security solutions for software and IoT devices that provide proactive prevention, detection, and response in real time.

Founded and Founders

• Founded: 2016

• Founders: No information is available.

Key People

• Justin Leger - CEO

• Dmitry Raidman - CTO

• Josh Bald - CFO

• Chris Blask - Special Advisor and VP Strategy

• Julia Cherry - VP of Customer Success

• James Van Staveren - Investor Relations

• Advisory Board: Chuck Brooks, Duncan Sparrell, Dr. George Shea, Dr. Amit Elazari

Headquarters

65 International Blvd. Suite 202, Toronto, ON, Canada M9W 6L9

Number of Employees

No information is available.

Revenue

No information is available.

Known For

Cybeats is known for its cybersecurity measures, providing SBOM (Software Bill of Materials) management and software supply chain intelligence technology.

Products

Products Offered

1. SBOM Studio

• Description: A comprehensive solution for managing the lifecycle of a Software Bill of Materials (SBOM), offering transparency and security insights throughout the software development lifecycle.

• Key Features:

• Supply Chain Screening: Provides insight into software provenance and pedigree.

• Continuous Security Assessment: Supports a DevSecOps culture through ongoing security risk assessments.

• Compliance Monitoring: Ensures adherence to regulations, including licensing risk assessment.

• Real-Time Risk Monitoring: Tracks software vulnerabilities and compliance with regulations such as Executive Order 14028.

2. RSDP IoT Security

• Description: An integrated security platform designed specifically for connected devices, ensuring device security is embedded into hardware.

• Key Features:

• Device Threat Model Identification: Analyzes potential vulnerabilities during device development.

• Real-time Trusted Device Profiles: Identifies and mitigates abnormal behavior without causing device downtime.

• Continuous Threat Intelligence: Provides ongoing security updates for deployed devices.

• API Integration: Seamlessly integrates with existing systems.

Recent Developments

New Products Launched

• BCA Marketplace: Launched at RSAC 2024, this marketplace is designed to unify Binary Composition Analysis (BCA) and SBOM vendors, providing a centralized hub for high-quality SBOM generation tools.

Recent Achievements

• Cybeats has signed agreements with significant organizations like water technology companies and has been enlisted in initiatives like the 'Secure by Design' Pledge with the U.S. Cybersecurity Agency CISA.

New Features and Updates

• Cybeats introduced a new ‘SBOM Quality Score’ feature on its SBOM Studio to enhance software security management.

• Continued enhancements to SBOM Studio with additional features to address evolving cybersecurity challenges.

Partnerships

• Cybeats partnered with CodeSecure and was included in the Secure by Design initiative by the U.S. Cybersecurity and Infrastructure Security Agency (CISA).

Regulatory Compliance and Industry Impact

• The company is proactively addressing new regulations such as the EU Cyber Resilience Act, which increases the need for SBOM compliance.

Financial Developments

• Cybeats recently announced a private placement under the listed issuer financing exemption targeting a minimum gross proceeds of $3,000,000 up to a maximum of $5,000,000.

Conclusion

Cybeats Technologies Corp. continues to solidify its position as a leader in cybersecurity, especially in software supply chain security through its innovative solutions like SBOM Studio and RSDP IoT Security. With its recent product launches, strategic partnerships, and regulatory readiness, the company is poised for significant growth in the cybersecurity landscape.