The wave of technological change has altered every aspect of American society, pushing the intelligence community to change. The startups are helping the government ideas transform to ensure public protection.
FREMONT, CA: In terms of the competitiveness and technological advancements against nation-state rivals who have moved online, U.S. is at an inflection point. National security is the reason why the government is investing its resources for the development of next-generation cybersecurity technologies. Silicon Valley is a byproduct of substantial federal government investment during World War 2. Many national agencies, like The National Security Agency, are putting budget dollars for offensive and defensive operations as opposed to the nation-state adversaries. Catering to that, a substantial population of cyber-related engineers has developed around D.C.
In terms of cybersecurity, a new startup foundry approach, as well as the In-Q-Tel model both, is projecting promising cybersecurity technology. The aspiring entrepreneurs with next-generation cybersecurity knowledge find a startup foundry approach beneficial as it also gives them a startup ecosystem where they have every advantage. This spreads the cybersecurity benefits very broader and faster than the In-Q-Tel model while unlocking potential billions in economic value.
The customers who are being hit the hardest have the potential to contribute to making the economies and companies stronger while building cyber and data products for businesses.
These supports accelerate the growth and lessen the time which can be done by leveraging new technology to protect the American companies, government agencies, and citizens. For instance, in the past four years, the global average cybersecurity startup took 21 months to complete an A round by using their initial seed. Over the past four years, the companies have been completing A rounds within 13 months of the initial seed investment.
The startup foundry model fills an important place in the horizon of cybersecurity. A lot of cybersecurity startups have had to rely on angels or small VCs. The In-Q-Tel model has witnessed success, but it does not develop technology as fast as it is expected to be, and it is not designed o share cybersecurity with the private sector and the public. This situation is not good enough with these online dangers multiplying daily, the leading minds who are backing up the cybersecurity must be provided with faster ways to share their innovation with the public.