Accenture Ventures Invests in SpiderOak for Greater Cybersecurity in Space
Accenture Ventures, a Top 250 MSSP, is investing in SpiderOak, a provider of zero trust cybersecurity and resiliency solutions for next generation space systems.
Terms of the deal were not disclosed.
Bringing Zero Trust to Zero Gravity Environments
SpiderOak is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for the Global 2000.
The Reston, Virginia-based SpiderOak, through its OrbitSecure product suite, brings zero trust security to zero gravity environments. OrbitSecure leverages a combination of no-knowledge encryption and distributed-ledger technology to meet the demands of cybersecurity in space.
The product suite includes a fully decentralized key management system that enables full availability and continued operations in space, even within disconnected or highly contested networks.
Paul Thomas, space innovation lead at Accenture, commented on the investment:
“Our work with SpiderOak is the start of an exciting journey to enable secure communications in space and combine SpiderOak’s technology with solutions we are creating at Accenture, such as satellite communications, ground station as-a-service, remote IoT device-to-Satellite data, Space R&D and earth observation data.”
Cybersecurity Above the Earth
The rapid increase in the number of government and commercial satellites in space has established a need for a hybrid, multi-party environment built with security by design, Accenture said. As emerging technologies accelerate science and impact business transformation, cybersecurity needs to be at the forefront for enterprises.
Tom Patterson, quantum and space security lead at Accenture, explained how the SpiderOak deal is an investment in the future:
“Working with SpiderOak, we can help our clients put zero trust security into zero gravity and take strategic advantage of these developments to transform their businesses in coming years, and ultimately the futures of their industries.”
SpiderOak CEO Dave Pearah added:
“We believe our participation in Accenture Project Spotlight, combined with Accenture’s deep experience with leading companies in the aerospace and defense industry and commitment to space innovation and security, will help drive increased awareness and adoption of our secure end-to-end satellite security offerings.”