Bromium named Startup of the Year
Cambridge based Bromium has won Business Weekly’s inaugural Startup of the Year award.
Bromium’s co-founder and SVP for Products, Ian Pratt picked up the accolade at the awards presentation evening at Queens’ College, Cambridge.The award recognises the revolution in startup enterprise that Cambridge is helping to lead.
Presenting the award, Stuart Newman, senior partner at PwC in Cambridge, said: “With operations in Cambridge and California, Bromium has developed a market leading solution to boost computer security – timely given the prevalence of hacking that has cost governments and corporations millions of dollars.
He added: “Bromium has hired 30 staff despite being in stealth mode – having raised $9.2m Series A funding last summer. Co-founder Ian Pratt believes the opportunity for Bromium is greater by some magnitude than the one he helped to exploit at XenSource before its sale to Citrix Systems.”
Bromium was founded by Gaurav Banga, ex-CTO of Phoenix Technologies; Simon Crosby, former CTO of the Data Center and Cloud Division of Citrix; and Ian Pratt, chairman of Xen.org and also ex-Citrix.
With corporations and government systems under increasing attack, Ian Pratt believes the software currently under his home guard will provide the perfect defence against future attempts at security breaches. With operations in Cambridge UK and California in the States, Bromium is about to take flight with its second generation virtualisation product.
Pratt recently told Business Weekly: “The methods used by today’s hackers are increasingly sophisticated. You can search a system for clues but unless someone has hacked before and created a signature before you are not going to spot it. We have seen from recent instances that the traditional defences don’t work.
“We have turned the problem upside down and are creating a model where systems and practices are far more trustworthy and make a lot more sense to humans using them. If I download a piece of software to perform a specific function I want to control the situation and ensure it does ONLY what I have downloaded it for – and doesn’t go wandering off into other areas of my machine.
“Our technology imposes very strict procedures. It ensures that corporation or government data is looked after much more securely, resides where it should on the computing infrastructure and doesn’t get put where it shouldn’t be and is left vulnerable to attack. Data can be structured and tracked much more simply.
“Our technology isn’t just for servers but for laptops and smartphones; a much bigger market. Hundreds of millions of laptops are sold every year. We have some really novel technology and the CIOs we have spoken to have all said that if we build it, they’ll buy it. This is one fantastic global opportunity for Bromium.”
Business Weekly’s Awards were sponsored by Anglian Water, Birketts, Barclays Corporate, PWC, TTP Group. CfEL, Granta Park, Cambridge Research Park.• PHOTOGRAPH SHOWS: Ian Pratt of Bromium with the Startup of the Year award. Photograph by Alan Bennett, Media Imaging Solutions: http://www.mediaimagingsolutions.com