Company Name: ResponSight
Announcement Date: 18/05/2018
Announcement Category: Investment, Team Update
Announcement Content:
ResponSight, an Australian data science company that provides early warning risk intelligence to enterprises, has today announced that it has entered a growth phase in the local market. The company is already working with six customers in Australia, including a big four bank, and has recently closed a $2 million seed round lead by Carthona Capital to support the companyâs next growth phase. ResponSight will primarily focus on organisations in banking and finance, energy/utilities, government and professional services sectors, expanding its local market presence in Australia and commencing overseas expansion later this year.
âToo many Australian businesses donât have a handle on risk and this needs to change. While boards and business leaders want to understand their organisationâs cyber risk posture, the way that most measure risk is arbitrary and subjectively self-assessed,â said Jeff Paine, CEO, ResponSight. âOur technology uses activity metrics and statistical data to build a profile of how a desktop, laptop or server is typically used. Using advanced analytics, we are able to provide actionable risk insights and intelligence that businesses can use as a decision-making tool.â
ResponSight was founded in 2015. The company now has offices in Sydney and Melbourne and employs 15 staff, including three developers and three data scientists. Most recently, the company hired Daniel Cran as Chief Revenue Officer, after three years as Managing Director for APAC at LogMeIn. Joanne Reeson has also joined as Head of Marketing, after heading up marketing at RSA APJ for more than 10 years. The company is currently looking to grow its staff base and work with channel and global technology partners.
âWe are currently focused on growing our customer base and educating the market on using risk as a business decision-making tool. We are hiring Australian development and data science talent as we believe that there is a lot of local talent that we can harness as we grow our business both locally and in the future, globally,â said Paine.
Unlike other technologies, ResponSightâs unique approach uses statistical (numerical) metrics for measuring and assessing typical user behaviour, and does not collect or rely on personal or sensitive data. The companyâs technology is designed to work with organisationsâ existing cyber security solutions, playing the âdetectiveâ role, while existing âblockingâ technology can be better leveraged to set priorities and increase effectiveness. Boards and executives gain increased visibility of risk at a point in time and over time, across the entire organisation right down to an individual level.
ResponSight attended RSA Conference 2018 in San Francisco from 16-20 April as part of the AustCyber delegation in partnership with Austrade.
Announcement URL: https://www.responsight.com
About ResponSight:
Every user has a behavioural fingerprint â that is, a unique, nuanced way they use their own computer. Behavioural fingerprints can be monitored to detect when something changes and risk increases, when the user just isnât behaving like they usually do. ResponSightâs behavioural analytics monitors usage and detects non-users sooner, where others still fail.
Security breaches are happening every day, every hour. The costs of a security breach are high and complex to measure â but they all increase the longer they remain undetected.
Go to Company Profile for: ResponSight
Announcement Contact: [email protected]
