Dispel Company Profile

Background

Founded in 2015, Dispel is an international specialist in industrial cybersecurity and networking, focusing on secure remote access solutions for industrial control systems (ICS) and cyber-physical environments (CPS). The company's mission is to connect people to their industrial control systems securely and efficiently, ensuring the safety and reliability of critical infrastructure. Dispel's vision is to lead the industry in providing innovative, zero trust-based cybersecurity solutions that protect and streamline operations across various sectors, including manufacturing, utilities, building management, and government.

Key Strategic Focus

Dispel's strategic focus centers on delivering secure remote access, data streaming, and operational technology (OT) demilitarized zone (DMZ) unification through its Zero Trust Engine (ZTE). The company specializes in:

Secure Remote Access: Providing operators, third parties, and vendors with secure connections to critical systems.

Data Streaming: Enabling encrypted data transmission from local assets to cloud and on-premises infrastructure.

OT DMZ Unification: Simplifying network segmentation and enhancing security across OT environments.

Dispel's solutions are built on a zero trust foundation, minimizing attack vectors and ensuring compliance with standards like IEC 62443 and NIST 800-82. The primary markets targeted include manufacturing, energy, utilities, and government sectors.

Financials and Funding

As of December 2024, Dispel has raised $25 million in funding, with the latest funding round occurring on February 1, 2024, amounting to $25 million. The capital is intended to support the company's growth initiatives, including product development, market expansion, and strategic partnerships.

Pipeline Development

Dispel's key product, the Zero Trust Engine (ZTE), is continually evolving to address emerging cybersecurity challenges. Recent developments include:

Integration with Mitsubishi Electric: Collaborated to integrate ZTE with Mitsubishi's factory-automation equipment and OT security solutions, launching a Zero Trust Remote Access Service aimed at securing industrial processes while advancing digital manufacturing.

Recognition and Awards: Named the No. 1 Fastest Growing IoT Security Company by the Cyber150 List in 2024 and awarded "Best in Show" at Interop Tokyo 2024 in the Industrial Networks category.

Technological Platform and Innovation

Dispel's technological platform is distinguished by several proprietary technologies and methodologies:

Moving Target Defense (MTD): Pioneered network-level MTD technology, earning over 42 patents, which enhances security by continuously shifting network attack surfaces.

Zero Trust Architecture: Implements just-in-time access, multi-factor authentication, Identity & Access Management (IAM), granular access controls, end-to-end encryption, and real-time monitoring.

OT DMZ Unification: Simplifies network segmentation and enhances security across OT environments.

Leadership Team

Ethan Schmertzler: Co-CEO of Dispel, leading the company's strategic direction and innovation initiatives.

Ben Burke: Press contact for Dispel, handling media relations and communications.

Leadership Changes

No recent significant changes or appointments within the company's leadership have been reported.

Competitor Profile

Market Insights and Dynamics

The cybersecurity market for industrial control systems is experiencing significant growth due to increasing cyber threats targeting critical infrastructure. Organizations are seeking robust, scalable, and compliant remote access solutions to protect their operations.

Competitor Analysis

Key competitors in the secure remote access and zero trust platforms include:

JumpCloud: Offers a comprehensive directory platform for identity, access, and device management.

BeyondTrust Remote Support: Provides secure, efficient, and centralized access for servicing and monitoring endpoints.

Microsoft Entra ID: Delivers identity and access management solutions for various applications.

Absolute Secure Access: Focuses on modern remote access for highly mobile workforces without sacrificing productivity.

Devolutions Remote Desktop Manager: Centralizes remote connections and passwords into a unique platform.

Strategic Collaborations and Partnerships

Dispel has established significant collaborations to strengthen its market position and innovation capacity:

Mitsubishi Electric Corporation: Partnered to integrate Dispel's ZTE with Mitsubishi's factory-automation equipment and OT security solutions, enhancing industrial process security.

TechMatrix: Collaborated to showcase Dispel's capabilities at Interop Tokyo 2024, resulting in the "Best in Show" award in the Industrial Networks category.

Operational Insights

Dispel's strategic considerations in relation to major competitors include:

Market Position: Positioned as a leader in secure remote access solutions for ICS and CPS, with a focus on zero trust architecture.

Competitive Advantages: Proprietary moving target defense technology, compliance with industry standards, and strategic partnerships with industry leaders.