Finalists split a $20,000 prize and winner is eligible for $2 million in seed financing
FULTON, Md.–(BUSINESS WIRE)–DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today the launch of its third-annual DataTribe Challenge. The competition is poised to identify and curate Pre-Series A, seed high-technology start-ups with a vision to disrupt cybersecurity and data science.
Three finalists will split $20,000 in prize money, and one winner will be eligible to receive up to $2 million in seed capital from DataTribe.
“When we first launched the DataTribe Challenge, we sought to give founders the opportunity to present their companies to an esteemed group of judges. Three years later, we have found that the Challenge not only gives entrepreneurs a platform to get incredibly valuable feedback and potentially raise a seed round, but also to gain broad exposure within the cybersecurity industry at large,” said Mike Janke, Co-founder of DataTribe.
“The caliber of entrepreneurs we encounter through the Challenge is both inspiring and humbling. When these incredible teams are paired with DataTribe’s resources, network, and playbook, the chances of taking truly over-the-horizon technologies and building world-class startups are dramatically increased,” said Bob Ackerman, Founder and Managing Director of Allegis Cyber and Co-founder of DataTribe.
DataTribe invites contestants to join the Challenge that have developed a robust concept and/or initiated development of a minimal viable product (MVP) – i.e., a product developed with sufficient features to entice early adopters. The firm anticipates strong showing from teams with experience working in national security, defense, national laboratories, or at organizations specializing in cybersecurity and data science R&D.
Applicants will have until October 30, 2020 to enter an application. DataTribe will review submissions for technical merit, market potential, and readiness of the team. On November 13, 2020, DataTribe will announce up to three finalists. These teams will then have three weeks to refine their pitch and prepare for final judging, with assistance from the DataTribe’s team of startup veterans. In a virtual event format this year, finalists will present a pitch and answer questions from judges on December 10, 2020.
- Bob Ackerman, Founder & Managing Director of AllegisCyber and Co-founder, DataTribe
- Dmitri Alperovitch, Co-founder and CTO of CrowdStrike Inc
- Matt Dunlop, CISO of Under Armour
- Deborah Golden, Principal, US Cyber & Strategic Risk Leader at Deloitte
- Michael Viscuso, Co-founder and Chief Strategy Officer of Carbon Black
- Daniel Weinand, Co-founder of Shopify
“Winning the 2018 DataTribe Challenge was a big catalyst for Prevailion in terms of helping grow the business and raise a successful Series A round,” said Karim Hijazi, Prevailion Founder and CEO. “As a company, we are fundamentally changing the way organizations large and small approach cybersecurity and evaluate business risk. The team continues to work with the DataTribe partners to guide product roadmap, go-to-market strategy and overall business trajectory.”
In addition to presentations from finalists during the Finalists Event this year, the CyberWire’s Chief Analyst, Rick Howard, will host experts from The CyberWire’s Hash Table for an insightful discussion of key cyber trends in 2021.
To apply for the 2020 DataTribe Challenge, please visit: https://datatribe.com/challenge.
DataTribe was launched in 2015 with the vision of empowering technologists in the Washington, D.C. region to build and grow successful cybersecurity companies.
Founded by leading investors, startup veterans and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind business services and decades of professional expertise to co-build the next generation of cybersecurity, big data and analytics companies. DataTribe is headquartered in Fulton, MD. For more information, visit https://datatribe.com.