SAN JOSE, Calif.--(BUSINESS WIRE)--ShieldX Networks announced today it has been selected as a finalist for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
Red Herring Top 100 North American nominees are evaluated on 20 main quantitative and qualitative criterion, which include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries. Red Herring’s thorough assessment of each company makes the Top 100 list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
ShieldX was selected by the Red Herring editorial team for this honor from a pool of over 1,200 North American companies because of its innovative approach to cloud security. As cloud adoption increases, so do the concerns over cloud security and the potential for data loss or leakage. Many IT security teams are finding that many traditional security products don’t work in the cloud. ShieldX is reinventing security to meet market-driven requirements for solutions that economically scale and secure modern cloud and virtualized data centers against new cloud-based cyber threats, such as crypto-jacking, cross workload, cross cloud and more.
“This year was rewarding, beyond all expectations,” said Alex Vieux, publisher and CEO of Red Herring. “There are many great companies generating really innovative and disruptive products in North America. We had a very difficult time narrowing the pool and selecting the finalists. ShieldX shows great promise and therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2018 crop will grow into some amazing companies that are sure to make an impact.”
“We are honored to be selected as a finalist for the Red Herring 100 in North America,” said Dr. Ratinder Ahuja, ShieldX founder and CEO. “As IT organizations move more toward cloud, ShieldX is the only company delivering a cloud security platform capable of bringing traditional security controls to today’s virtual world in a way that is truly effective.”
Recognition from Red Herring is the latest accolade ShieldX has received in recent months of momentum and milestones and follows the company’s selection by Enterprise Management Associates as a “Vendor to Watch,” being named as an RSA Innovation Sandbox finalist and a strategic round of Series B funding from marquee investors including Ashar Aziz, Dimension Data and Symantec Ventures, Aspect Ventures, Bain Capital Ventures and FireEye.
Dr. Ratinder Ahuja will join the finalists, who are invited to present their winning strategy at the Red Herring North America Forum in Marina Del Rey, June 18-20, 2018. The Top 100 winners will be announced at a special event awards ceremony on the evening of June 20.
ShieldX is reinventing cloud security to better protect organizations against cyber threats—regardless of where sensitive data resides or how it moves across public, private or multi-cloud environments. Organizations like Alaska Airlines, Park Holidays and Iowa State University are using APEIRO to scale security and micro-segmentation on demand, support business innovation, meet compliance requirements and protect against the latest cyberattacks. Since its public launch in 2017, the company has won industry recognition as a Gartner Cool Vendor in Cloud Security, RSAC Innovation Sandbox 2018 Finalist, SC Magazine Awards finalist, Cloud Awards finalist and winner of Infosecurity PG Awards “Security innovation of the Year.” Based in San Jose, CA, ShieldX was founded in 2015 and is privately funded through Series B. Visit us at ShieldX.com and Twitter @shieldxnetworks.