Security data lakes, China vs. Starlink, $ 900 million exit from ExtraHop

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are buying ExtraHop, a Seattle-based network security startup.

Part of the network detection and response (NDR) market, ExtraHop’s security solutions are aimed at companies that manage cloud and on-premises assets, “something that could be useful as more and more more companies are in this intermediate state, ”Ron reports. Miller and Alex Wilhelm.

Just a year ago, ExtraHop was approaching $ 100 million from ARR and was considering an IPO. So Ron and Alex spoke to CTO and ExtraHop co-founder Jesse Rothstein to find out more about how (and why) the deal came about.

Have a good week and thank you for reading me!

Walter thompson
Editor-in-Chief, TechCrunch

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Xometry makes public its excess production capacity activity

Image credits: photo by prasit (Opens in a new window)/ Getty Images

Xometry, a Maryland-based service that connects companies with manufacturers with excess production capacity around the world, last week filed a Form S-1 with the United States Securities and Exchange Commission announcing its intention to become a public enterprise.

As the global supply chain tightened during the 2020 pandemic, a company that helped find excess manufacturing capacity was likely in high demand.

But growth aside, it’s clear that Xometry is not a modern software company, at least from a revenue quality perspective.

It’s time for security teams to embrace security data lakes

Image of a man jumping from a floating dock into a lake.

Image of a man jumping from a floating dock into a lake.

Image credits: Malorny (Opens in a new window) / Getty Images

The average enterprise security organization spends $ 18 million per year, but is largely ineffective at preventing breaches, IP theft, and data loss. Why?

The fragmented approach we currently use in the Security Operations Center (SOC) is not working. It’s time to replace the security information and event management (SIEM) approach with security data lakes.

Reduced reliance on SIEM is well underway, along with many other changes. SIEM doesn’t just disappear overnight, but its role is rapidly evolving and it has a new partner in SOC: the Security Data Lake.

China’s desire to compete with Starlink for the future of the orbital Internet

Image credits: STR / Chinese News Service (CNS) / AFP (Opens in a new window)/ Getty Images

There has been a surge of companies in recent years hoping to offer high-speed Internet access provided from thousands of low-earth orbit (LEO) satellites, providing coverage of most of the world. surface of the earth.

Along with the accelerated deployment of SpaceX’s Starlink constellation in 2020, China has responded quickly in terms of policy, funding and technology. Although still in the early stages of development, a “Chinese response to Starlink”, SatNet and the associated GuoWang are likely to compete in some markets with Starlink and others while fulfilling a strategic objective from a government perspective.

With considerable support from very high level players, we are likely to see the deployment of a red star (link) over China (and the rest of the world) in the coming years.

This SPAC is betting that a British healthcare company can shake up the American market

Image credits: Nigel sussman (Opens in a new window)

Babylon Health, a UK healthcare technology company, is pursuing a listing in the United States through a Blank Check Company, or SPAC.

While awaiting the Robinhood IPO, The Exchange delved into its fundraising history, its product, its numbers and, preparing for the impact, its projections.

The Hidden Benefits of Adding a CTO to Your Board

A CTO brings a strategic advantage

A CTO brings a strategic advantage

Image credits: Westend61 / Getty Images

Adding a technical leader to the mix creates a real advantage, according to Abby Kearns, CTO at Puppet, according to Abby Kearns, CTO at Puppet.

Beyond their engineering background, CTOs can help founders set realistic deadlines, identify pain points, and bring what Kearns calls “pragmatic empathy” to high pressure situations.

They can also be an effective advocate for founding teams who need help explaining why a launch is delayed or why new engineering hires are badly needed.

“A CTO includes nuts and bolts,” Kearns explains.

6 career options for ex-founders looking for their next adventure

6 options for ex-founders looking for their next business

6 options for ex-founders looking for their next business

Image credits: Marie La Fauci / Getty Images

As someone with “founder” on your resume, you face a greater challenge when trying to get a traditional salaried job.

You’ve already shown that you really want to run a business, not just move up the ranks, which means some employers are less likely to hire you.

So what should you do? Especially if your life partner and / or bank account is exhausted by the volatility of startup income?

Here are six options for former founders planning their next move.

How bottom-up sales helped Expensify pave the way for SaaS

Image credits: Nigel sussman

In the fifth and final part of Expensify’s EC-1, Anna Heim explores how the company has built its business, true to its ways, in an unexpected way.

“You would expect an expense management company to have a great sales department and advertise in all kinds of channels to maximize customer acquisition, writes Anna. But“ Expensify just doesn’t do what it does. you think it should.

“Keeping in mind this company’s propensity to stick to its guts, it’s not really surprising that it came to over $ 100 million in annual recurring revenue and millions of users with a workforce of 130, a few contractors and a virtually non-existent sales team. “

How is such growth possible without a sales team? Word of mouth.

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