In The News – HyperQube accepts investment from CIT

Source: Center for Innovative Technology

Herndon, VA, Feb. 10, 2020 (GLOBE NEWSWIRE) — The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Arlington, VA-based HyperQube, a cyber range as a service offering that enables enterprises to quickly and easily build an exact copy of any IT infrastructure. HyperQube’s proprietary software orchestrates different virtual infrastructure providers, allowing enterprises to determine how a connected environment responds to changes caused by software updates, new technologies, and unplanned events such as outages or cyberattacks. This round of funding will be used to continue developing HyperQube’s software, making key personnel hires, as well as expanding marketing efforts.

With digitization and virtualization becoming more prevalent, the technology-focused world we live in has evolved to a distributed suite of cloud-based services. HyperQube’s products, made up of five tailored solutions, help enterprises build, iterate and deploy massive and complex environments in minutes. Their mission is to take the headache out of traditional virtual machine software and unlock opportunities for enterprises, educators, salespeople and technologists to test and experiment without the risk of harming an existing environment. Virtualized environments can be modified, reused, or shared between different groups.

“Making simple changes to a virtual environment shouldn’t have to result in a headache, but my previous working experience was just that. Project after project, my progress was stalled due to the bulky nature of virtual machines – so I decided to help change the system completely,” said Craig Stevenson, CEO of HyperQube. “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.”

Whether on-premise or off, HyperQube uses a single interface to build and deploy solutions into any virtual infrastructure provider. HyperQube unifies the dysfunctional virtual infrastructure ecosystem by radically simplifying and automating the way it is created, distributed, consumed, and stored. There is no need for extra manpower or time needed to test changes or updates, which leads to massive productivity increase and cost decrease for enterprises.

“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. “Over the last year, HyperQube has shown extremely promising results, including bringing on customers and partners such as Cisco, the National Guard, and top academic institutions within the InterNational Cyber Security Center of Excellence (INCS-CoE) network such as Harvard, MIT, Oxford, Tel Aviv University and Keio University. We look forward to seeing what HyperQube will accomplish in the future.”

About CIT GAP Funds
CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds’ investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel has convened leading regional entrepreneurs, angel and strategic investors, and national venture capital firms in the interests of Virginia’s entrepreneurs. Membership has included New Enterprise Associates, Grotech Ventures, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Health Systems, Johnson & Johnson, General Electric, and Alpha Natural Resources. For more information, please visit www.citgapfunds.org.

About the Center for Innovative Technology (CIT)
Investing for Commonwealth Growth | CIT concentrates on the early commercialization and seed funding stages of innovation, helping innovators and tech entrepreneurs launch and grow new companies, create high paying jobs and accelerate economic growth throughout the entire state of Virginia. Founded in 1985, CIT accelerates next generation technologies and technology companies through commercialization, capital formation, market development initiatives, and expansion of broadband throughout Virginia. Our programs include | CIT GAP Funds | Commonwealth Research Commercialization Fund (CRCF) | Virginia Founders Fund | Broadband/Rural Broadband | Smart Communities | Cybersecurity | Unmanned Systems | SBIR/STTR Support (Small Business Innovation Research (SBIR) & Small Business Technology Transfer (STTR) programs) | University Partnerships | Startup Company Mentoring & Engagement. CIT’s CAGE Code is 1UP71. Contact: 2214 Rock Hill Road #600, Herndon, VA 20170 | 703.689.3000 | www.cit.org

 

HyperQube Hires Jessica Crytzer as Chief Revenue Officer and Kevin Chapman as Chief Technology Officer

New hires will help company meet the intensive need from enterprises and government for better tools to create, develop and distribute virtual infrastructure.

 

Washington, D.C., June 17, 2019 – HyperQube, a web browser-based digitization and virtualization provider, today announced its first two hires following last month’s $500,000 seed round.  Jessica Cryzter, Chief Revenue Officer (CRO) and Kevin Chapman, Chief Technology Officer (CTO), will help the firm expand to meet the growing demand for lightweight virtual infrastructure development technology.

 

As CRO, Crytzer leads, develops, and monitors the company’s sale infrastructure and strategy. Prior to HyperQube, she was the Director of National and Strategic Accounts at ThreatSwitch, during which she helped raised $1.25 million and grew the firm’s team from two to 20 individuals. She also worked for Iron Mountain where she ranked in the top 10% of the organization and helped launch the company’s Enterprise Document Conversion Initiative.

Previously, Crytzer co-founded the Emerging Technology practice at global real estate firm Cresa where she helped position the company’s ability and desire to commit to supporting founders, funders and innovators in the emerging Washington DC technology space.

“We are witnessing first-hand the immense need for lightweight virtual infrastructure technology, a solution that didn’t exist before HyperQube, in enterprises of all industries in order to better protect networks and collaborate with customers and contractors,” said Crytzer. “HyperQube has leveraged something quite powerful and is already helping public and private sector partners improve their cybersecurity systems, build new systems faster, and connect remotely to tackle complex problems all via web browswer. I’m excited to help bring such an important technology to more people.”

 

Stepping into the role as CTO is Kevin Chapman, who leads the company’s technology-based decisions and balances HyperQube’s security, usability and cost. He further assists in the ongoing development of the company’s platform and shapes cyber environments for demonstration. Prior to joining HyberQube, Chapman was a Principal Engineer II at Raytheon, during which he developed and coordinated cyber security training at the Raytheon CODE Center and integrated technologies for the CODE Center cyber range.

Chapman additionally spent time as Senior Systems Administrator for BIS GLOBAL, where he was responsible for management of client production infrastructure and data center systems, and further managed all network security.

 “Hypeqube is not just a disruptive way to test and improve cybersecurity – our products help enterprises improve everything from global remote collaboration with contractors to offering more realistic and targeted demos to potential customers to testing and onboarding potential employees and new hires.,” said Chapman. “The robust use cases for this lightweight virtual machine technology requires not only power, but reliability – and I’m looking forward to both reinforcing stability and helping the company grow and reach more happy users.”

 

About HyperQube
HyperQube technology enables enterprises to quickly and easily build an exact copy of any IT infrastructure. HyperQube virtualized test environments can be built in minutes and just as easily modified, re-used and shared. Learn more at 
www.hyperqube.io

In the News – DCInno: How HyperQube is Cloning IT Infrastructure for Cisco, Forrester and the U.S. Government

 

May 23, 2019 – So, you’ve got this fancy new cybersecurity technology. Before a virus or cyberattack comes along, how do you know if it works?

Craig Stevenson grappled with the answer to that question while working at Raytheon. He found it effective to make a replica of the company’s network infrastructure, then hurl viruses at it and analyze the response. It worked, but it took weeks to set up just one clone, so the engineer set out on nights and weekends to find a faster solution.

Read the full story on DCINNO

In the News – Technical.ly DC: HyperQube closes a $500K seed round

 

May 8, 2019 – D.C.-based cybersecurity startup HyperQube has secured a $500,000 seed round with participation from CIT Gap Fund, MACH37, Adam Ghetti, CEO of Ionic Security, Michael Wellman, CEO of Virgil Security, Dmitry Dain, CTO at Virgil and local investor Kathryn Stewart.

The 2017 Mach37 cybersecurity accelerator graduate company allows enterprises to create virtual test environments to see how their IT infrastructures can hold up against cyber attacks. HyperQube officially opened for business and launched its service offerings in March. The company said in a news release that it is using the seed funds to accelerate sales and development and add key hires to the executive team. The company currently has three full-time employees.

Read the full story on Technical.ly DC.