Security startups pitch to investors at MACH37’s demo day
Ten startups pitched their business plans to over 100 investors this week at the Center for Innovative Technology (CIT) in Herndon. Four startups were graduates of MACH37, a cybersecurity accelerator located at CIT that opened last fall. The remaining businesses were from CIT GAP Funds, an investment fund for Virginia-based technology, life science and energy companies.
The four cohort company graduates from the first session are Conatix, Key Cybersecurity, Pierce Global Threat Intelligence and Sikernes Risk Management. Companies from the CIT GAP Funds were Power Fingerprinting, SpydrSafe, Kaprica Security, Mobile System 7, Invincea and Distil Networks. Investors represented venture capital firms, technology companies and angel groups from the east coast.
Companies accepted into the MACH37 program receive a cash investment to complement program participation in exchange for a small amount of equity. Following completion of the program, the CIT GAP Funds will match up to $100,000 for companies with a significant presence in Virginia.
MACH37 is accepting applications from information security startups and entrepreneurs for its spring cohort that starts March 17th. Applications may be submitted online at: https://www.mach37.com/apply. The deadline to submit is Jan.31.