Rohyt Belani: If you want, I can explain with a really good example in a story. Sramana Mitra: Yes, go for it. Rohyt Belani: If you think back to 2010, there was a bomb scare at Times Square. There was a Nissan Pathfinder parked right in the middle of Times Square, which is very unusual.
Ray Rothrock: We woke up just a couple of years ago. When Target happened, there’s some bad software inside networks. How did it get there? We say, “I have firewalls. I have data leak protection. I have all these stuff.” It happens because of mobile. It happens because of email. It turns out that the
Sramana Mitra: Not at all. How long does it take to map a sizeable network like the kinds of numbers that you’re rolling out here? Ray Rothrock: If you’re a skilled engineer, it could take a couple of weeks to a couple of months. Cisco took a couple of weeks. Sramana Mitra: Is it a
Ray Rothrock: We have three factors that determine a number. The number is like a Personal Credit Score. It ranges from 350 to 850. We crunch those numbers with our proprietary algorithms, and we give you a metric on the piece of the network that you’re interested in. There are three things that go into that.
Sramana Mitra: So your investment thesis today, so to speak, is the timing? Ray Rothrock: Absolutely. It’s the same product we invented 10 years ago. We have 200 customers. We’ve had sales of about $110 million in the past 10 full years. It’s picking up because of the value that we bring. Sramana Mitra: Going
Ray Rothrock had a successful career in venture capital for 25 years, as a General Partner at Venrock. He was an active investor in Cyber Security. After retiring from Venture Capital, he now has taken the helm of ReedSeal, a 10-year old security company. This discussion focuses on network analytics within the Cyber Security space.
Sramana Mitra: If you were starting a company today, what kind of open problems would you be leaning towards? Mike Potts: I think the market is starving for some automation and folks that can bring it in. In other words, whatever can be done to take security intelligence and make that more predictive with a
Mike Potts: Going back to the insider threats, we’re seeing more investments going into the interior of the network to understand the nature of the insider attack. More than 50% of the attacks are beginning to emulate from the inside whether that is the user on the network who is maliciously or unknowingly doing things