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What are the major IT data challenges currently facing enterprises and governments?  

In episode #62 of The Tech That Connects Us, we were excited to be joined by Hash Basu-Choudhuri. He is the current GM at Cribl, and has held advisory and senior roles across the world, mostly in the EMEA region. 

We touched on his career so far, as well as specific topics around data challenges, crypto, and D&I.  

We hope you enjoy this episode as much as we did recording it. 

What would you say are the major IT data challenges currently facing enterprises and government? 

“Just complexity, look at the rate of change, I think if you look at the rate of change from 2000, it was not that high. Things weren’t being innovated at the rate they’re being innovated today.  

The problem today is that every three years there’s a new cycle riding. You had the mobile cycle, the cloud cycle, now you have the container cycle. And now, we’re moving into completely trustless environments using blockchain technology.  

Airbnb disrupted travel, and not even seven years later, Airbnb is probably going to get disrupted by blockchain! I think the biggest challenge is that.” 

How has the UAE handled COVID differently to other parts of the world? 

“This is a great question. So, this has literally been a business case study in probably how to do it right. The UAE has looked at the impact, looked at the facts, looked at the science, and been ahead of the game.  

I deal a lot with Emirates Airlines and Dubai airports. I would say 70 to 80% of the world’s vaccines fly through Dubai, because they’re manufactured in India. This is their distribution hub. And then from here, Emirates Airlines repurposed god knows how many planes into vaccine carriers. And then from here, they’re distributed globally. So, they’ve got the distribution for the world sorted.” 

What novel cybersecurity challenges does the growth of cryptocurrency prevent present? 

“When you’re talking about cryptocurrency, it gives you immense power, you do not have to trust the third party, there is no centralised system. But the problem with security from a blockchain perspective is that you are responsible for your keys, for your wallet, for your assets right now.  

Sounds simple, but how do you secure it? You just have to be very, very careful with the way you manage such assets. There are a couple of tech players out there that are trying to solve it with escrow accounts, and the ability to have extensive multi-party certificates.” 

What is your assessment of how well tech industries are tackling diversity? 

“So for me, obviously, you know, I fall into that category. But for me, it’s not about this, It’s about the diversity of thought. My background is not going to be exactly the same as your background.  

But, if you can attract talent and have multiple different mindsets, it’s good for business. Look at your target audience, which is the world, right? If you want mass adoption, it’s everyone. So, you kind of have to mirror that. And you can’t mirror it if you don’t have a diversity of thought.  

I think a lot of these companies are leading with just hard metrics. And it’s like a sales process, right? You can do metrics one, two, and three, and you don’t do anything at the end of that, right? When really, it’s the way you interpret that data. It’s the way you apply it. And it’s really what you do with it once you have met those targets.  

I think a lot of companies are just laser-focused on “we need to have this many Asians this many, you know, blah, blah, blah” right. And I don’t particularly like the topic because I think it’s an over-rotation, it should always be merit-focused. And it should always be diversity of thought that you get from it over anything else.” 

You can listen to the full episode here.

Every Wednesday we sit down with some of the biggest names in our industry, we dedicate our podcast to the stories of leaders in the technologies industries that bring us closer together. Follow the link here to see some of our latest episodes and don’t forget to subscribe.     

UNICORN-UCOPIA. – $1bn Cyber Valuations we’ve seen this year

Investors have been chomping at the bit so far in 2021, creating a record-breaking* 12 galloping Unicorns to fight global cyber criminals.

Most recently, the end of April saw Vectra AI join the club, winning $130M in their latest funding round and a valuation of $1.2B.

In other news, UK stallion Darktrace went public, after a very thorough examination of its dental records.

*“A record was set in the first quarter of 2021, with 12 cybersecurity unicorns created globally, which is more than double the previous quarterly ” PitchBook (Private market data provider)

Vectra gains $130M funding and $1.2B valuation

Vectra AI, a cyber security, threat detection and response firm has announced an additional $130m round of funding.


Darktrace shares jump 32% in IPO

Cambridge-based cyber security company Darktrace and its backers raise £165m in London debut.


A unicorn on steroids

Wiz raises $130 million series B to reach $1.7 billion valuation a year after its launch


Aqua Security hits unicorn valuation after completing $135 million series E

The Israeli cybersecurity company has stayed ahead of the cloud revolution, refuses to be sold and has it eyes on some acquisitions of its own.


Orca Security raises $210 million, becomes ‘unicorn’ with $1.2 billion valuation

Google’s growth fund leads investment in the Tel Aviv-based cybersecurity firm set up 2 years ago by former execs of Check Point Software Technologies.


New unicorn Axonius raises $100M to expand its cybersecurity asset management platform

Cybersecurity asset management startup Axonius Inc. today revealed it has raised $100 million in new funding on a unicorn valuation of above $1 billion.


Automation for the people

Snyk raises $150 million at $1 billion valuation for AI that protects open source code.


Lacework Banks $525 Million as Cloud Security Market Heats Up

Lacework, a five-year-old cybersecurity company that automates security across enterprise cloud deployments, has reached unicorn status with the closing of a $525 million round of Series D financing.


These latest additions mean that there are now 31 Cyber Security Unicorns due to go public.

So what’s behind these huge valuations, is it set to continue – and what does it mean for the Cyber market in general?

Rather than dampen cyber spending, the rapid digitalisation caused by the pandemic has revealed worrying gaps in IT Infrastructure – further exposed by the accelerated move to Cloud and home working.

And it’s this exponential growth in demand that is causing investors to feel bullish and make sure they are on the right side of these major technological shifts.

Cyber is a huge growing market with healthy competition and – so far –  few monopolies to keep a lid on sky-high valuations, so the trend certainly seems set to continue.