ORLANDO, Fla.--(BUSINESS WIRE)--Red Lambda, a global provider of cyber security threat detection solutions, today announced that it has been named a Red Herring 100 Global winner. This award celebrates the year’s most innovative and far-reaching private technology companies and entrepreneurs from North America, Europe and Asia.
Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Alibaba Group and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Red Lambda embodies the vision, drive and innovation that define a successful entrepreneurial venture. Red Lambda should be proud of its accomplishment.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.
Red Lambda was recognized for its patented MetaGridTM technology, a next generation advanced threat detection solution that gives businesses, governments and other organizations the ability to detect previously undetectable threats—the “unknown unknowns”—that legacy solutions are unable to identify. MetaGrid’s patented combination of technologies—virtual supercomputing, relational streaming processing and artificial intelligence—removes barriers to scale, speed, data ingestion and correlation, enabling organizations to move beyond the constraints of signature-only anomaly detection to find even previously undetectable threats in real time. Working in combination with an organization’s current IT security solutions, MetaGrid unifies data acquisition, correlation, analysis and response processes, closing huge gaps that have existed for years in existing security approaches.
“We are very proud to be recognized by Red Herring,” said Bahram Yusefzadeh, executive chairman, Red Lambda. “What drives us every day is a passion to turn the tables on cybercriminals, whether it’s a rogue individual or a state-sponsored attack. Every business, government and infrastructure on the planet is looking for a solution to this challenge. Yet technologies from even just a few years ago are not capable of dealing with the sophisticated attacks being perpetrated today. This award cements the fact that MetaGrid does have the answer the industry has been waiting for to put attackers on defense.”
“This has been a banner year of industry recognition for Red Lambda,” said Iain Kerr, CEO, Red Lambda. This is the third time this year Red Lambda has been recognized for our threat detection technology. In May, we were named a Red Herring Top 100 North America winner and in September, we received Most Innovative Company from SIIA NextGen Awards in Security. Today, we are deeply honored to be selected by Red Herring again as one of the most exciting startups in the world. We have seen an exponential increase in the level of interest from organizations worldwide and are confident that Red Lambda is in the right place, at the right time, with the right solution.”
The Global 100 award was presented to Red Lambda at a gala awards ceremony on November 20 during the Red Herring Global forum in Los Angeles, November 18-20.
About Red Herring
Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
About Red Lambda
Red Lambda provides cyber security threat detection solutions to enable private sector and government organizations to detect previously undetectable threats—the “unknown unknowns”—that traditional solutions are not able to identify. Powered by its massively scalable distributed grid platform, MetaGrid® fuses virtual supercomputing, relational stream processing and artificial intelligence into one system, enabling “stream-time,” on-the-fly anomaly detection for both known and unknown threats. MetaGrid® delivers unprecedented visibility and real-time intelligence that makes sense of structured and unstructured data, empowering end users to rapidly deploy strategies to defend against cyberattacks and effectively assess risk.