NZ cyber security companies seek US investment

RedShield Security and Endace tout wares during RSA Conference 2020

United States currency / U.S. dollars / hundreds / money / banknotes
JESHOOTS / Jan Vašek (CC0)

New Zealand cyber security companies RedShield Security and Endace have had the chance to pitch to a US audience that included representatives from investors ForgePoint Capital, Rain Capital, Telstra Ventures and Paladin at an event in San Francisco held during the RSA Conference 2020.

The event, sponsored by Austrade, AustCyber and the New Zealand government, was designed to showcase Australian and New Zealand cyber security capabilities.

According to AustCyber, investment in Australian and New Zealand capabilities was a key theme of the day, demonstrating that the two countries are well-placed to support the growing demand for cyber security technologies.

Wellington-based RedShield claims to be the world's first company to offer web application shielding as a service.

The company says it is “challenging the status quo of secure software and code remediation by combining web application shielding, micro-services, and expert security operations services.” Kordia is the exclusive agent for RedShield in New Zealand and Australia.

In September 2019 RedShield raised $14m of investment  from New Zealand private equity firm Pencarrow and existing shareholder Sage Technologies.

RedShield has an office in the US. In March 2017 it named Connect IT Solutions as its US agent.  Connect IT Solutions CTO, Dave Reoch, said he had not seen any other technology able to mitigate all findings in web application penetration testing reports. 

Endace specialises in network packet capture. It started as a New Zealand University research project in 2001 and today claims to “set the benchmark for 100 percent accurate packet-capture, network recording and playback at high speed.”

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