Accenture Ventures invests in SpiderOak
NEW YORK, UNITED STATES — Accenture, through its venture capital firm Accenture Ventures, has strategically invested in SpiderOak, a leading entity in zero-trust cybersecurity solutions designed for next-generation space systems. Terms of the investment were not disclosed.
Virginia-based SpiderOak’s product suite, OrbitSecure, uses no-knowledge encryption and distributed-ledger technology to address the unique challenges of space cybersecurity. A fully decentralized key management system enables continued operations in space.
“As the space economy grows, we anticipate that global demand for secure communications will soar,” commented Paul Thomas, Space Innovation Lead, Technology Innovation at Accenture.
Accenture’s Technology Vision 2023 report shows that 99% of respondents expect advancements in science tech to impact their organizations’ business processes in the next three to five years. This underscores the need for built-in security in the increasingly crowded satellite space.
SpiderOak is the latest company to join Accenture Ventures’ Project Spotlight. This program aims to engage and invest in emerging technology companies that can assist in filling strategic innovation gaps
“We believe our participation in Accenture Project Spotlight, combined with Accenture’s deep experience with leading companies in the aerospace and defense industry and commitment to space innovation and security, will help drive increased awareness and adoption of our secure end-to-end satellite security offerings,” said Dave Pearah, SpiderOak Chief Executive Officer.
Accenture is a globally recognized outsourcing powerhouse that provides services to leading businesses, governments, and other organizations. The firm recently secured the top spot in the Time Doctor OA500, a list of the world’s 500 best outsourcing companies. This index is an essential resource for the BPO decision-making community.
