FREDERICTON– Fredericton-based cybersecurity company Beauceron Security is one of nine start-ups selected from across the world to participate in the Cyber London (CyLon) accelerator program.
CyLon focuses on finding, growing and investing in the world’s best emerging cybersecurity businesses, supporting them as they expand and scale through its global network.
It’s already successfully accelerated 59 companies across London and Singapore since April 2015, and its portfolio of international companies is now valued at more than $343 million.
“It’s an honour to be selected along with firms from the U.S., UK, Sweden and Germany for this highly competitive program,” said Beauceron CEO and co-founder David Shipley in a release.
Born at the University of New Brunswick, Beauceron offers a cloud-based risk management platform for organizations to measure and monitor human-centric cyber risk. The firm has more than 40 customers in North America and Europe with its technology used in more than 20 countries by several global firms. It has offices in Fredericton and London, England.
For the accelerator, members of the Beauceron team will be participating in an intensive program of training and workshops delivered by industry specialists and experienced entrepreneurs, as well as connections to CyLon’s community of buyers, investors and advisors across Europe, the Middle East, Africa and the U.S. The program also provides an equity investment and a fully furnished office space.
“We had a chance to meet in-person in Fredericton with some of the CyLon team last fall thanks to connections made via CyberNB,” said Shipley. “Members of our leadership team had a chance to present our firm and technology and we began discussing a potential application to the CyLon program.”
At the end of the program, Beauceron will present their businesses to prospective customers, investors and partners at the CyLon Demo Day in November.
“Being the only Canadian firm in the 8th cohort is not just a nod to what we’ve done so far as a team but also to New Brunswick’s growing national leadership in cybersecurity,” said Shiply.