Cybersecurity startup HyperQube nabbed an investment from CIT GAP Funds - Technical.ly DC

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Feb. 12, 2020 8:33 am

Cybersecurity startup HyperQube nabbed an investment from CIT GAP Funds

The Arlington company said it plans to use the funding to accelerate its software development, make some key hires and expand its marketing efforts.
HyperQube CEO Craig Stevenson at a speaking engagement in Tokyo.

HyperQube CEO Craig Stevenson at a speaking engagement in Tokyo.

(Photo via HyberQube's Blog)

Arlington cybersecurity startup HyperQube has landed an investment from Center for Innovative Technology’s (CIT) early-stage fund, CIT GAP Funds.

The 2017 Mach37 cybersecurity accelerator alum allows enterprises to create virtual test environments to see how their IT infrastructures can hold up against cyber attacks. (Consider this headline from ARLnow.com: “Ballston Startup Clones, Then Tears Apart, Your Company.”) HyperQube officially opened for business and launched its service last March. It also snagged an honorable mention on Technical.ly’s 2020 RealLIST Startups.

CIT GAP Funds’ investment amount in HyperQube was not disclosed, but the startup said it plans to use the funding to accelerate its software development, make some key hires and expand its marketing efforts.

“We are grateful for the support of CIT GAP Funds, which will enable HyperQube to help more organizations use virtualization to strengthen their networks against cyber-attacks and other unplanned events,” said HyperQube CEO Craig Stevenson in a statement.

Coined a “cyber range as a service,” HyperQube gives companies the capabilities to explore infrastructures in a risk-free, virtual environment without harming its main IT infrastructure. The startup offers five software solutions (with descriptions based on information from its website):

  • HyperRange — For enterprises to create replicas of their networks for testing
  • HyperDesign — For remote collaboration and partnerships
  • HyperSkill — For realistic cybersecurity education and training
  • HyperTest — For virtualized test environments that mimic actual systems
  • HyperGrowth — For creating a sales acceleration platform for testing with sales personnel and customers

This new investment comes after the cybersecurity startup closed a $500,000 seed round last May, which included participation from CIT GAP Funds, Mach37 and others. In the last year, HyperQube has also launched partnerships with Cisco, the National Guard, and academic institutions including Harvard, MIT, Oxford and Tel Aviv University, the press release states.

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“HyperQube is already working with customers all over the world, and is rapidly expanding to meet the demand of government agencies and enterprises in need of better infrastructure security, scaling, and updating,” said Jennifer O’Daniel, investment director at CIT GAP Funds. “We look forward to seeing what HyperQube will accomplish in the future.”

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