Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in SpiderOak, a Reston, Virginia-based leader in zero-trust cybersecurity and resiliency solutions for next generation space systems.
The amount of the deal was not disclosed.
Led by Dave Pearah, CEO, SpiderOak provides the OrbitSecure product suite, which brings zero trust security to zero gravity environments. The company leverages a combination of no-knowledge encryption and distributed-ledger technology in order to meet the demand of cybersecurity in space. The product suite includes a fully decentralized key management system that helps enable full availability and continued operations in space, even within disconnected or highly contested networks. This increases resiliency for multi-vendor, multi-network, mesh proliferated low-Earth orbit networks by reducing the attack surface and opportunities for adversaries to jam, disrupt, modify, or contest space communications and satellite services.
SpiderOak is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for the Global 2000. In addition to capital investments, Accenture Venture’s Project Spotlight offers access to Accenture’s technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.
FinSMEs
18/05/2023