I’m sure you were as amused as I was to read: U.S. Department Of Defense Awards $37 Million Contract To Cybersecurity Startup Qadium. It’s only fair you know. Startups can fail at cybersecurity just as well as traditional contractors (names omitted to protect the guilty).
In transparency unlike most media outlets, the post includes a disclaimer that the following was written by Qadium:
Cybersecurity startup Qadium has been awarded a $37.6 million contract by the U.S. Department of Defense, making it the latest venture-backed startup from Silicon Valley to win a major federal contract over traditional Beltway defense contractors.
Qadium is the first company to provide real-time monitoring of the entire global Internet for customers’ assets. In a new era of machine-speed attacks, Qadium helps the world’s most sophisticated organizations define and secure their dynamic network edge.
The contract was awarded by the U.S. Navy’s Space and Warfare Command after the Department of Defense validated Qadium’s commercial software. Qadium is now recognized among a small handful of cybersecurity providers, with DoD making its software accessible department-wide.
“The Defense Department used to love to build its own IT, often poorly and at high cost to taxpayers,” said Qadium CEO and CIA veteran Tim Junio. “The times are finally changing. In the face of the greatest cybersecurity challenges in our nation’s history, we’re seeing the government and private tech companies coming together, making both sides better off.”
I can name one side that will be better off, to the tune of $37 Million.
Hackers also benefit from this news, Qadium becoming a known target for social engineering and other attention.