Group-IB Company Profile

Background

Overview

Group-IB is a global cybersecurity company specializing in the detection and prevention of cyberattacks, online fraud, and intellectual property protection. Founded in 2003 by Ilya Sachkov and Dmitry Volkov in Moscow, Russia, the company has expanded its operations internationally, with its global headquarters now located in Singapore. Group-IB operates Threat Intelligence and Research Centers in Dubai, Singapore, and Amsterdam, serving clients worldwide.

Mission and Vision

Group-IB's mission is to protect organizations from cyber threats by providing innovative solutions and services. The company's vision is to be a global leader in cybersecurity, offering comprehensive protection against cyberattacks, fraud, and digital risks.

Primary Area of Focus

The company focuses on cybersecurity, anti-fraud solutions, and brand protection, aiming to safeguard organizations from cyber threats and digital risks.

Industry Significance

Group-IB is recognized as a leading provider of cybersecurity solutions, with its Threat Intelligence system being named one of the best in its class by Gartner, Forrester, and IDC.

Key Strategic Focus

Core Objectives

Detect and prevent cyberattacks.

Identify and mitigate online fraud.

Protect intellectual property.

Provide comprehensive cybersecurity solutions.

Specific Areas of Specialization

Threat Intelligence.

Managed XDR (Extended Detection and Response).

Digital Risk Protection.

Fraud Protection.

Attack Surface Management.

Business Email Protection.

Audit & Consulting.

Education & Training.

Digital Forensics & Incident Response.

Managed Detection & Response.

Cyber Investigations.

Key Technologies Utilized

Group-IB employs advanced technologies in threat intelligence, network protection, and digital forensics to deliver its cybersecurity solutions.

Primary Markets or Conditions Targeted

The company serves a global clientele, including financial institutions, telecommunications companies, and government agencies, addressing a wide range of cyber threats and digital risks.

Financials and Funding

Funding History

Group-IB has secured funding from various investors to support its growth and expansion. In August 2016, the company raised funds from Altera Capital and Run Capital, each acquiring a 10% stake in the company. In December 2017, Altera Capital increased its stake to 25% by purchasing an additional 15% from another shareholder. In July 2020, Group-IB received a grant from the Cyber Security Agency of Singapore through venture capital firm TNB Ventures.

Total Funds Raised

The exact total funds raised by Group-IB are not publicly disclosed.

Notable Investors

Altera Capital

Run Capital

TNB Ventures

Intended Utilization of Capital

The capital raised has been utilized to support Group-IB's expansion into international markets, development of new cybersecurity solutions, and enhancement of its research and development capabilities.

Pipeline Development

Key Pipeline Candidates

Group-IB continues to develop and enhance its suite of cybersecurity solutions, focusing on areas such as threat intelligence, fraud protection, and digital risk management.

Stages of Clinical Trials or Product Development

The company is in the continuous development and refinement phase of its cybersecurity products and services.

Target Conditions

Group-IB's solutions are designed to address a wide range of cyber threats, including malware attacks, phishing, data breaches, and online fraud.

Relevant Timelines for Anticipated Milestones

Specific timelines for upcoming product releases or milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Threat Intelligence System

Managed XDR Platform

Digital Risk Protection Tools

Significant Scientific Methods

Advanced threat analysis algorithms

Machine learning models for fraud detection

Digital forensics methodologies

AI-Driven Capabilities

Group-IB integrates artificial intelligence and machine learning into its cybersecurity solutions to enhance threat detection, response times, and predictive analytics.

Leadership Team

Dmitry Volkov – Chief Executive Officer (CEO) & Head of Threat Intelligence Department

Scott Gerlach – Co-founder & Chief Technology Officer (CTO)

Anton Ushchev – Chief Product Officer (CPO)

Leadership Changes

In September 2021, co-founder Ilya Sachkov was detained on treason charges, leading to Dmitry Volkov assuming the role of CEO. In April 2023, Group-IB's Russian operations were spun off into a separate entity named F.A.C.C.T., with Volkov continuing to lead the international operations from Singapore.

Competitor Profile

Market Insights and Dynamics

The global cybersecurity market is experiencing significant growth, driven by increasing cyber threats and the need for robust security solutions across various industries.

Competitor Analysis

Group-IB faces competition from several cybersecurity firms, including:

SOC Prime: Offers a cybersecurity platform for internet security and intelligence management services.

Fivesky: Provides IT security, cloud services, and IT infrastructure management.

Upstream Security: Specializes in cloud-based cybersecurity solutions for connected and autonomous vehicles.

CyCognito: Develops a network security analysis platform to identify organizational security vulnerabilities.

Octane5 International: Provides licensing management systems for licensing professionals.

Stairwell: Offers a platform for threat hunting, detection, and response.

Hunters AI: Provides an AI-powered platform for cybersecurity threat hunting.

Aloha Browser: Offers a privacy-focused web browser.

Cylynt: Specializes in anti-piracy and software compliance solutions.

Phished: Focuses on cybersecurity awareness and training.

Rewind: Provides backup and recovery solutions for cloud-based platforms.

Source Defense: Develops a web application to monitor third-party vendors' behavior on websites.

SureCloud: Offers integrated governance, risk, and compliance (GRC) platforms.

LOCH Technologies: Provides wireless threat monitoring across various networks.

Zilla Security: Offers identity security solutions.

Miklos Systems, Inc.: Specializes in network engineering services.

Obsidian Security: Provides cybersecurity programs for hybrid-cloud environments.

DPOrganizer: Offers privacy management software.

SEKOIA: Provides SaaS cybersecurity solutions.

FRISS: Develops fraud detection software for insurance applications.

Strategic Collaborations and Partnerships

Group-IB collaborates with international law enforcement agencies such as INTERPOL and Europol, and is a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security.

Operational Insights

Group-IB's global presence and strategic partnerships enhance its ability to deliver comprehensive cybersecurity solutions, positioning it as a significant player in the industry.

Strategic Opportunities and Future Directions

The company aims to expand its market presence, develop new cybersecurity solutions, and strengthen its partnerships with law enforcement agencies to enhance global cybersecurity efforts.