Venn® Company Profile

Background

Venn®, established in 2019, is a cybersecurity and compliance software developer dedicated to enabling organizations to securely empower their workforce. The company's mission is to help organizations empower their people to work better and live better. Venn® specializes in providing secure access to work data and applications on personal devices, addressing the challenges associated with Bring Your Own Device (BYOD) policies. By eliminating the need for corporate laptops or complex virtual desktop infrastructures, Venn® offers a streamlined solution for remote work security.

Key Strategic Focus

Venn®'s strategic focus centers on delivering secure BYOD solutions through its proprietary technology, the Blue Border™. This platform allows business applications to operate locally on a user's personal device within a secure enclave, ensuring that work data remains encrypted and corporate policies are enforced. The company targets compliance-driven industries such as financial services, healthcare, education, and legal sectors, providing them with tools to maintain security and compliance standards while offering flexibility to their workforce.

Financials and Funding

In June 2023, Venn® secured $29 million in a Series A funding round led by NewSpring Capital. This investment is intended to enhance the development of Venn®'s Blue Border™ technology and expand its market reach across various industries.

Technological Platform and Innovation

Venn®'s Blue Border™ technology is a significant innovation in the realm of secure remote work. It creates a secure enclave on personal devices, allowing business applications to run locally while ensuring that work data is encrypted and corporate policies are enforced. This approach eliminates the need for virtual desktop infrastructures, offering a more efficient and user-friendly solution for organizations implementing BYOD policies.

Leadership Team

David Matalon: Chief Executive Officer & Founder. Prior to founding Venn®, Matalon led OS33, a secure workspace solution for compliance-driven companies. He holds degrees from NYU’s Stern School of Business and Columbia University.

Alex Osipov: Chief Technology Officer & Co-Founder. Osipov has led software development, technical operations, and cybersecurity efforts at Venn® for over a decade. He graduated from Stony Brook University.

Heather Howland: Senior Vice President of Marketing. With over 20 years of marketing experience, Howland has held leadership roles at companies like Cyral, Preempt, and Lacoon Mobile Security.

Dvir Shapira: Chief Product Officer. Shapira has a track record of scaling products from inception to market success, notably at Incapsula and Imperva. He earned his degrees from Tel Aviv University.

Jacob Kazakevich: Head of Service Delivery & Co-Founder. Kazakevich focuses on the development and delivery of cybersecurity products, particularly for the financial services industry. He graduated from NYU’s Stern School of Business.

Peter Lane: Vice President of Finance. Lane brings a successful track record as a financial operator in private equity-backed tech companies, with previous roles at Kaseya and Flashtalking. He is a CFA Charterholder.

Competitor Profile

Market Insights and Dynamics

The cybersecurity and compliance software market is experiencing significant growth, driven by the increasing adoption of remote work and BYOD policies. Organizations are seeking secure and efficient solutions to manage and protect sensitive data on personal devices, creating a demand for innovative technologies like Venn®'s Blue Border™.

Competitor Analysis

Key competitors in the secure remote work solutions space include:

Citrix DaaS: Offers virtual desktop and application delivery solutions, enabling secure remote access to business resources.

BlackBerry UEM: Provides unified endpoint management solutions, ensuring secure access to corporate data across various devices.

Revenera: Specializes in software monetization and compliance solutions, assisting organizations in managing and securing their software assets.

Positive Technologies: Develops enterprise security solutions, focusing on protecting organizations from cyber threats.

These competitors offer various approaches to secure remote work, ranging from virtual desktop infrastructures to unified endpoint management, each with its own set of features and target markets.

Strategic Collaborations and Partnerships

Venn® has engaged in strategic partnerships to enhance its offerings and expand its market presence. Notably, the company has collaborated with Ekran System Inc. to integrate advanced security features into its platform, further strengthening its position in the cybersecurity landscape.

Operational Insights

Venn®'s distinct competitive advantage lies in its Blue Border™ technology, which provides a secure enclave for business applications on personal devices without the need for virtual desktop infrastructures. This innovation addresses the challenges associated with BYOD policies, offering organizations a streamlined and secure solution for remote work. By focusing on compliance-driven industries, Venn® effectively meets the stringent security and regulatory requirements of sectors such as financial services, healthcare, and legal.

Strategic Opportunities and Future Directions

Looking ahead, Venn® aims to expand its market reach by targeting additional compliance-driven industries and enhancing its Blue Border™ technology to support a broader range of devices and operating systems. The company is also exploring opportunities for international expansion, leveraging its innovative solutions to meet the global demand for secure remote work technologies.