Blu Venture Investors Announces Winner of Cyber Pitch Competition
Arcanna.ai to receive up to $250K in funding from Blu Ventures Cyber Investment Committee
VIENNA, VA – October 26, 2023 – Blu Venture Investors, a private venture capital firm focused on early-stage investments in the cybersecurity and technology industries, is pleased to announce the winner of its cyber pitch competition at Blu’s Cyber Venture Forum. The pitch competition was part of Blu’s 5th annual venture event that attracts 300+ startups, VCs, CISOs, and other executives in the cyber and tech ecosystem and was held at the Bethesda North Marriott Conference Center & Hotel.
The pitch competition attracted applications from pre-seed/seed stage cybersecurity startups across the U.S. Blu Ventures chose it’s top three finalists based on its technology, team, TAM, and traction. The finalists chosen to present at Blu’s Cyber Venture Forum included:
Arcanna.ai: AI-Assisted Cybersecurity platform designed to improve efficiency in security operations by augmenting and scaling SOC analyst capacity. Arcanna.ai combines human and AI efforts, performing as a scalable and easy-to-use driver's-assist cybersecurity platform, reducing risk and accelerating automation in SecOps.
Bleach Cyber: Bleach is a cybersecurity platform designed specifically for small and medium businesses (SMBs). It addresses the need for effective operational cybersecurity by leveraging existing technology investments to make it fast, easy, and affordable for any SMB to be secure and compliant. Through API integrations with various tools, the platform provides proactive recommendations in the form of "security opportunities" to reduce risk and meet compliance standards. It offers a range of security use cases and the ability to remediate discovered opportunities directly from the platform.
Secuvy.ai: Secuvy offers a contextual intelligence platform for data privacy, security & governance. Using Self Learning AI workflows the system tracks, monitors, and alerts sensitive data in the cloud, on-prem, file shares and legacy systems, it offers a centralized platform for discovery of sensitive data in mix mode environments. The platform provides visibility into sensitive structured and unstructured data across hundreds of sources at a petabyte-scale to give companies an automated view into data privacy compliance and governance so they can more easily mitigate risks.
Judges of the pitch competition included VCs from around the region:
Bill Phelps, Blu Ventures
Kleida Martiro, Glasswing Ventures
Jennifer O’Daniel, Virginia Venture Partners
Katherine Hill Ritchie, TEDCO
Mel Shakir, Dreamit Ventures
Although it was a difficult decision, the judges ultimately chose Arcanna.ai as the winner. “Arcanna.ai demonstrated a strong solution enhancing SOC analyst decision making and improving efficiency that is already achieving customer traction,” stated Bill Phelps, Blu Ventures partner and cyber tank pitch competition judge. Arcanna.ai will enter into diligence with Blu’s Cyber Investment Committee for an opportunity to receive up to $250K in funding.
About Blu Venture Investors
Founded in 2010, Blu Ventures has deployed over $115MM in capital to date in early stage cyber and enterprise software firms. As a primary source venture capital firm, Blu’s partners bring operator expertise across a variety of industries and an investment perspective closely aligned with entrepreneurs. For more information, visit https://bluventureinvestors.com.