Lockheed Martin Corp. is among the investors to throw $25 million toward a Boston cybersecurity startup, demonstrating how its approach to the booming commercial cyber market differs from one of its peers in the defense industry.
Lockheed (NYSE: LMT), along with venture firms CRV and Spark Capital, are investing $25 million in Cybereason, a cybersecurity firm with a tool that can analyze up to 8 million events per second to discover elements of a cyber attack, including timeline, root cause and malicious software involved. You can read more about the company at our sister website, which interviewed Cybereason’s CEO.As for Lockheed, the investment came after a rigorous test phase by the Bethesda giant’s own engineering and internal certification teams to ensure the technology melded with Lockheed’s interests, Rich Mahler, Lockheed’s director of commercial cybersecurity told me. The plan is to use the technology internally to help protect Lockheed’s own systems and to tap the company as a means of expanding the solutions Lockheed can offer to clients.We have our emerging tech fund, which we use to invest in various technologies — whether applicable to aircraft satellites, or to IT and security solutions,” Mahler said. “We look for things that are naturally complementary or additive to solutions we take to market, then we enable them financially and with technical advice.”
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