HoneyApps Raises $1 Million For Security Management Software

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Friday, February 4th, 2011

Chicago-based startup HoneyApps has raised $1 million in funding led by Tugboat Ventures with Hyde Park Angels participating in the round.

Co-founded by Orbitz’s former Chief Information Security Officer Ed Bellis and Jeff Heuer, HoneyApps offers businesses and government agencies a comprehensive security management software. Called Conduit, the software will consolidate all of a businesses’ security vulnerability information, reporting and management into a single place. The startup will then analyze and track a company’s vulnerability across applications, networks, servers, and databases.

The software aims to be a one-stop shop for security issues in a company, giving users the ability to manage the entire life-cycle of security bugs from detection to close. Although the SaaS app has only been available for a short time, reviews are fairly positive so the startup is worth a second look.

Company: Risk I/O
Website: risk.io
Launch Date: December 2010
Funding: $6.25M

Risk I/O is the first vulnerability intelligence platform. Delivered via SaaS, Risk I/O aggregates and prioritizes vulnerability data from over 20 of the most widely-deployed security assessment technologies to provide enterprises with a single view of their security risk. By integrating with the top bug fix and ticketing systems, Risk I/O enables organizations to collaborate on vulnerability remediation. Its precognition capabilities leverage predictive, big data analytics to foresee where an organization is most likely to be breached. Risk I/O...

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