Usually, when we talk about technology and security, the mind naturally gets attached to cyber security. But equally important, especially for global companies with large, multinational organizations, is physical security – an important function in most medium-to-large enterprises, and yet one that really leverages recent advances Technology has not done much for it. Enter Base operation, A startup founded by risk management professional Cory Siskind in 2018. Base operations closed their $ 2.2 million seed funding round and will use the money to capitalize on the recent launch of a road-level threat mapping platform to support in enterprise security operations.
Investors like Good Growth Capital and Howard Morgan, founder of Magma Partners, First in Capital, Gingles and First Round Capital, will be used primarily for hiring, as base operations double their employee base after their team Want to continue the growth. past month. It will be used to enhance and improve the company’s product and to increase the startup’s global footprint. I spoke to Sisind about his company’s plans on the heels of this period, as well as the wider opportunities and how his company is serving the market in a novel way.
“What we do in base operations helps companies keep their people safe in the operation of ‘Ence Micro Intelligence’, a road-level threat assessment that is in the travel safety, real estate and supply chain security bucket Facilitates a variety of routine security functions, ”explained Sisind. “Anything that would be in charge of the chief security officer, but not cyber – anything that intersects with the physical world.”
Siskind has experienced for the first time the complexity and challenges that enter enterprise security, as he began his career in Mexico City for global strategic risk consulting firm Control Risk. Because of his time in the industry, he is keenly aware of how far physical and political security operations lag behind his cyber security counters. This is an often overlooked aspect of corporate risk management, particularly in the past as something that most employees of North American companies only encounter from time to time when their roles are often involved in travel. However the events of the last few years have changed.
“It was the last bastion of a company that was not adapted by the SaaS platform, basically, so there was some resistance and some loyalty to legacy players,” Sisind told me. “However, the events of 2020 turned everything on its head, and companies realized that what happens in the security department, and the physical world, is not just about compliance – it’s really about investing in those kinds of services Has a strategic advantage. ” Because it helps you maintain business continuity. “
The COVID-19 epidemic increased the frequency and severity of natural disasters, and global political unrest has a significant impact on businesses around the world in 2020, and Sisind says it has proved to be a watershed moment in how enterprises in their overall risk profile Consider physical security and the strategic planning cycle.
“[Companies] If you don’t invest just felt [in] In order to keep your tasks running smoothly in the face of increasing catastrophe, you’re never going to get the benefit you need, because it’s so choppy, and you have all kinds of problems, “He said.
Base operations solve this problem by taking available data from a range of sources and pulling it together to inform the threat profile. Their technology is all about what we know about the myriad stream of information we receive every day – for news that we sometimes associate with “doom-scrolling” on social media, for example, and machine learning. Extrapolable actionable insights by combining it with other sources to use.
Those sources of information include “government data, social media, local news, data from partnerships, such as NGOs and universities,” Sisind said. That data set their micro-intelligence platform, and while the focus of startups today is on helping enterprises secure, while maintaining their operations, you can easily see that by planning future geographic expansion How can tailoring information from product development to the same thing. Address specific markets.
Sisskond observed that one aspect of business requires such an approach that is necessary, but it has been relatively slow to adopt new technologies. From her vantage point two years ago, however, she could not anticipate how much better, more scalable enterprise security solutions are needed, and base operations are now fully deployed for that need.