LW: Can you point to areas of specific emerging needs you anticipate DataTribe to make an impact? The latest figures show that whichever city, state or region becomes the cybersecurity hub can expect to see up to 12 percent GDP increase from the high-earning population. With over 200,000 unfilled cybersecurity jobs across the country last year and hundreds of major and smaller universities scrambling to offer cybersecurity degrees, the race to win has intensified. There are established cybersecurity ecosystems in Boston, San Antonio and Silicon Valley, and new hotspots on the rise in Chicago, Dallas, and Atlanta.
CyberNYC is building a cyber army through five new startup programs. The prize is a massive economic growth and talent engine that can fuel these cities growth for decades to come. Janke: Several major cities in the U.S and Israel are hubs, all vying to attract the world’s best commercial cybersecurity talent and startups. LW: How do you hope Port Covington will stack up against other more established hubs? In addition, nation states, such as China, Russia and Iran have begun directing their massive resources towards commercial advantages, so the commercial world is under siege from massively sophisticated attackers.
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Many technology products lack adequate defenses, while cybercriminals use both simple and advanced technology to identify targets, automate software creation and delivery, and monetization of what they steal.
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LW: What are the key drivers behind this development? Texas, California, New York, Maryland, Florida and other states are all in a race for the crown to become the global cybersecurity hub. Cities and states across the country are vying for a piece of the booming market for securing technology and data. Data protection and cybersecurity is at the top of the priority list for most of the worlds businesses, governments and organizations. Janke: Cybersecurity is the fastest growing segment in technology and is the number one risk-concern of the Fortune 500.
LW: What evidence can you point to that we are in a ‘cyber gold rush?’ Here are excerpts of that discussion, edited for clarity and length: LastWatchdog asked Janke to drill down on the drivers behind what’s being stood up in Port Covington.
Maryland has been quietly cultivating a deep reservoir of cyber-focused engineering talent, toiling at leading security vendors such as Tenable, Gemalto, Dragos, Sonatype, ForcePoint and Baltimore-based Sourcefire, which Cisco acquired in 2013 for $2.7 billion. Some 40 security-minded federal agencies are located in Maryland, including the National Security Agency, National Institute of Standards and Technology, Defense Information Systems Agency, Intelligence Advanced Research Projects Activity, USCYBERCOM, NASA and DoD Cyber Crime Center. “In today’s digital landscape, engineering talent is the new oil in the ground, and Maryland has the densest concentration of this new digital oil that you’ll find anywhere on the planet.” 1 cyber workforce in the world, and leads the US in cyber employment for classified nation-state jobs,” says Janke, a six-time company founder and CEO. “With more than 100,000 cyber-related engineering and data science professionals, Maryland has the no.
DataTribe recruits talent, then provide seed capital, mentoring, infrastructure and follow-on venture funding.ĭataTribe co-founder Mike Janke, the ex-Navy SEAL, told Last Watchdog that Port Covington made sense because Maryland boasts a massive pool of nation-state trained cyber security engineering talent, and has long been the wellspring of pivotal data security and data science advances. It’s mission has been to seek out and assist government cyber specialists in a position to enter the private sector and build commercial cyber and data science companies. When the 235-acre waterfront parcel opens for business at the end of 2020, a trio of anchor tenants - DataTribe, Silicon Valley-based cybersecurity venture capital firm AllegisCyber, and technology investment and corporate advisory firm Evergreen Adviser - expect to be joined by 25 to 30 cybersecurity firms, as well as retail and restaurant tenants.ĭataTribe itself was co-founded in 2015 by a California venture capitalist, a former CIA officer and an ex-Navy SEAL. The brainchild of Under Armour founder Kevin Plank, Goldman Sachs Urban Development Group and Weller Development, the Port Covington project also has the enthusiastic backing of the large population of cybersecurity companies already thriving in the Baltimore-Washington metropolitan area. Related podcast: Enveil commericializes ‘homomorphic encryption’
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