DataTribe Announces $2.5M Seed Investment in Ntrinsec

Cyber Foundry Funds Start-up With a New Approach To Moving Target Defense

FULTON, Md.--(BUSINESS WIRE)--DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today a $2.5M seed investment in Ntrinsec. Ntrinsec is the only moving-target defense start-up that is solving the secrets sprawl that exists in enterprises of all sizes today.

“We are excited to announce DataTribe’s latest investment. Ntrinsec really embodies our thesis of looking over the horizon to the next wave of innovation needed to stay ahead of tomorrow’s threats,” said John Funge, Managing Director, DataTribe. “Ntrinsec has a phenomenal combination of technology and team that is perfectly positioned to solve the data protection conundrum of data exfiltration due to key compromise of data platforms.”

Ntrinsec uniquely marries automated comprehensive key discovery, machine identity management, and orchestration of safe, automated remediation through synthetic testing and other simulations to massively simplify key management in today’s increasingly complex environments. Continuous integration and delivery automation, micro services, and multi-cloud architectures have revolutionized the speed and efficiency of organizations to digitize their operations, but these trends have also caused significant secret sprawl and poor secrets hygiene. Now, with Ntrinsec’s platform, secrets management can be automated with the same level of speed and efficiency.

Asset sprawl and poor asset management are both contributing to stale or orphaned systems, providing unwanted toe-holds for bad actors. Key hygiene issues like key-reuse, local wallets, etc. are the next-step weaknesses bad actors exploit in the data exfiltration playbook. This attack vector is increasingly a problem for enterprises of all sizes, driving the need for a platform like Ntrinsec’s. Ntrinsec enables DevOps teams to more easily adopt quality secrets hygiene practices and to provide CISOs and their security teams better insights into the enterprise’s security and regulatory compliance posture.

“Partnering with DataTribe sets Ntrinsec on the path to success with the seed funding, mentorship, and resources we receive from the firm,” said Cam Williams, CEO of Ntrinsec. “As we accelerate into this next phase of growth, focusing on innovation, customer acquisition and go-to-market, we are confident in our ability to move the cybersecurity industry needle.”

About DataTribe

DataTribe is a startup foundry that invests in and co-builds world class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, startup veterans and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area, in Fulton, Maryland. For more information, visit https://datatribe.com.

About Ntrinsec

Headquartered in Denver, Colorado, Ntrinsec is founded by serial cybersecurity entrepreneurs with a track record of pioneering the application of cloud automation technologies to tackle the tough challenges within the identity and secrets management space. Ntrinsec was founded with the explicit mission of protecting businesses of all sizes from data exfiltration due to compromised cryptographic secrets. Ntrinsec’s platform is designed to make key compromise, increasingly a leading cause of enterprise data breaches, a thing of the past. For more information, visit https://ntrinsec.io/