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CISO Global Receives $49 Million Valuation for Argo Edge Cloud Security Platform

CISO Global Receives $49 Million Valuation for Argo Edge Cloud Security Platform

CISO Global, an industry leader as a managed cybersecurity and compliance provider, has strengthened its security management platform Argo to increase the effectiveness of security teams who now can access real-time data across tool sets to make better informed decisions. The platform is able to aggregate data in real time from a clientโ€™s entire environment, including network asset information, currently deployed cyber tools, security operations center (SOC) services, vulnerability management, secure managed IT and penetration testing data. Using information from across all cyber tools and services, enterprises can build individual risk profiles for each network asset to better prioritize cybersecurity threats based on asset value.

Argo seeks to address multiple concerns of todayโ€™s enterprises. CISO Global experts have found many organizations complain of a lack of time, understaffing, overwhelming task lists, too many tools and ongoing security incidents. Rates of attack supported their concerns of ineffectiveness in what they were doing. One of the major contributors to the problem, observed CISOโ€™s consultants, was the fact that IT directors and security managers are often forced to make somewhat blind decisions, due to system, operational, and data silos.

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Argo was designed to provide relief for enterprises experiencing cybersecurity overload that can lead to cyber ineffectiveness. The platform helps clients better understand their entire cybersecurity program through dynamic visualizations.

โ€œWith ongoing increases to cyberattack frequency, impact, and costs of an average breach, itโ€™s very clear that the cybersecurity industry is suffering from a widespread ineffectiveness problem,โ€ said Chief Technology Officer Jerald Dawkins, Ph.D., CISO Global. โ€œArgo seeks to address that issue by aggregating and curating security data from across the enterprise to not only provide context for metrics, but pull the rightย information, making it actionable for our clientsโ€™ internal decision makers.โ€

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Argo Security Management is currently in use with many CISO clients and supports CISO Globalโ€™s end-to-end portfolio of solutions, incorporating both proprietary IP and data from a host of trusted partners. The platform currently integrates with and visualizes data from Azure Sentinel, AlienVault, Chronicle SOAR (formerly Siemplify), SentinelOne, Microsoft Defender, Stellar Cyber, Nucleus, Nessus, SecPod Technologies, Datto, Veeam, KnowB4, ZenGRC, and Autotask.

While Argo is extremely powerful in its existing state, the company is heavily focused on expanding data ingestion capabilities, applying data science to cybersecurity data, as well as research and development of AI in the cybersecurity space. The Intellectual Property for Argo Security Management is an essential part of the companyโ€™s ย growing portfolio.

โ€œTo be effective, security leaders and IT directors need actionable information,โ€ said CISO Global CEO David Jemmett. โ€œYou would never make expensive decisions in any other part of your business without evidence. Yet, CISOs all over the world have to base decisions on limited data visibility, and itโ€™s making their jobs much more challenging than they need to be. The average enterprise has over 75 security toolsets, meaning theyโ€™re toggling between dozens of reports, dashboards, and portals. And all those visualizations were designed by vendors to promote useย ofย their own tools. We are changing that, to empower our clients to significantly increase their effectiveness in protecting their critical data assets, which is a huge issue for todayโ€™s enterprise.โ€

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