The Official Rankings of the Best Cybersecurity Startups
What are the top cybersecurity startups investors should pay attention to?
Now, whether you're a startup in the Cybersecurity space or you're an investor, pay attention. These are my top five Cybersecurity rankings for this year and beyond. These are companies that I look at as turning into billion-dollar-plus companies in valuation, and ones that you could potentially model some of the things you're building yourself.
Here are my top five.
First is Checkr. The second is Lookout, Lookout Mobile. The third is Sift Science. The fourth is ZeroFOX, and the fifth is Bugcrowd.
As you're probably aware, as investors at Angel Kings, we only focus on the best. I want to spend just a moment talking about Checkr, and give you an idea of why we rank them as our first. In our valuation metrics, we analyze everything from the growth trajectory, the people, product, the process, the traction, the financials. There are many metrics that factor into this.
The Cybersecurity industry is growing rapidly. It's expected to be a $200-plus billion industry by the year 2020. That's a statistic that we've cited in our book, Cyber Nation, as well as on our site, AngelKings, because we believe it to be the biggest, fastest growing industry in America at this moment.
At Angel Kings, we believe cybersecurity to be the biggest, fastest growing industry in America at this moment.
Checkr is a company that provides the ability for anyone doing on-demand delivery, such as Uber or Instacart, instant background checks on their delivery people. With Uber and Instacart, there's a sense of trust or reliance that the end consumer has on the company to undergo a background check and screen them on their employees. You don't want to be working with somebody who's got a potentially dangerous background of dangerous history.
Now, you might be wondering, "Well, why does Checkr fit into Cybersecurity?" The idea being that much of the data analytics and the API that Checkr has built is fundamentally ingrained in the law enforcement computers and databases across the country. We believe Checkr should be considered a Cybersecurity company because at its core, they're protecting the billion dollar industries companies like Instacart and Uber from potential attacks on many levels. I would rank them as our top number one Cybersecurity/security startup in America.
Another is Lookout Mobile. Lookout Mobile is primarily an iOS or Android app that protects your mobile device from being hacked. The proliferation of mobile devices is so exponential that Lookout Mobile could become a billion dollar-plus company that could also potentially go public.
Sift Science is sort of the middle, the protective wall between e-commerce websites from being hacked. Not just being hacked, but determining whether people who are trying to hack certain e-commerce sites are legitimate. When you try to purchase something from a website, they're the layer in between you and the company and their database. They'll determine how legitimate your potential purchase is.
E-commerce fraud is a multi-billion dollar industry. People across the world are hacking e-commerce websites and trying to do fake purchases using fake credit cards. Sift Science built a nice layer on top of that, and gives e-commerce solutions, and gives e-commerce website developers and website holders, or owners rather the opportunity to protect their database, and make sure that they're only selling to legitimate enterprises. I look at Sift Science as a top Cybersecurity company, as the layer between e-commerce and the end consumer that protects them from fraudulent purchases.
ZeroFOX does is they make sure that they provide detection and defense for social media threats.
ZeroFOX, very much into social media data analytics, and making sure that people within your company, your social media which is literally your forward face of your company is protected. What ZeroFOX does is they make sure that they provide detection and defense for social media threats, whether that be financial institutions, media organizations, retailers, government agencies, things like that.
They'll protect everything from your account being taken over. They'll make sure that there's protecting its customer fraud and scams. Think about it like this. If you're an enterprise, you're a company, and you've got maybe 10 employees or 20,000 employees, whatever level, ZeroFOX monitors all of the social media, all of the outward-facing ways in which employees are out there and communicating with consumers.
ZeroFOX is the fabric that connects and protects employees in your company from that risk exposure. I like ZeroFOX as potentially billion dollar company because social media is getting bigger and bigger. I see ZeroFOX with respect to the number of social media accounts people have, I expect ZeroFOX to continue growing.
Bugcrowd is my last, number five, which is a top Cybersecurity company that provides bounties for developers who can find potential exposures in a code. For example, millions of people probably out there, these hackers, want to hack Facebook. Facebook puts out a bounty and says, "If you find this bug or this particular type of bug, we'll pay you X amount of dollars." It's a nice way to crowdsource as the name is bugged, and then get white hackers to find them so you can focus on building a great product that people love.
These are our top five Cybersecurity startups in America, Checkr, Lookout Mobile, Sift Science, ZeroFOX, and Bugcrowd. If you want to learn more, you've got to go to sign up for our course. It gives you insight into access for startups trying to build billion dollar companies, and investors who want to be part of these as an investment.