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January 14, 2021

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Startup HiveWatch aims to reduce ‘noise’ in security operation centres by 90%

HiveWatch, a startup that describes itself as using “multisensor fusion to help companies better respond to physical security threats”, has announced a seed funding round led by CrossCut Ventures, with participation from Freestyle and SaaS Ventures.

HiveWatch’s platform pulls data from a company’s disparate monitoring systems and security sensors to provide operators a single-pane-of-glass to evaluate and respond to alerts. By centralising event data, HiveWatch believes it reduces the security programme noise that plagues operations, using multi-sensor analysis and machine learning to only elevate events that require a human response.

With experience building comprehensive security programmes for both unicorn startups and Fortune 500 enterprises, HiveWatch CEO and Founder Ryan Schonfeld is aiming to address the biggest common challenge in building a state-of-the-art global security operations centre.

“We’re building a platform to make security leaders more aware, more connected, more proactive, and more informed,” said Schonfeld. “Noise from the wide range of legacy sensors that exist within most companies’ security infrastructure is only addressed by hiring more people to process the data, resulting in a reactionary security program yielding minimal return on investment. The overarching vision of HiveWatch is to help the security leaders we talk to every day gain the intelligence needed to make their teams more effective.”

When responding to how Ryan believes HiveWatch is unique in the market, he commented: “We took a ground-up approach to understand how PSIMs failed in delivering on its promises to the industry. PSIMs are an expensive piece of on-prem software, are complex to manage, and can take more than a year to configure just to get the single-pane-of-glass perspective you were looking for in the first place. With HiveWatch, we focus on making the configuration experience as quick as possible through onboarding automation and removing as much noise from an operator’s feed as is viable. We achieve this through multisensor resolution and machine learning. By layering in intelligence as a core feature, users get the operational benefits of having a consolidated view of your security systems and only the alerts that truly require an operator’s attention.”

HiveWatch says it is able to reduce 90% of the noise that plagues operations centres on a daily basis and allows operators to evaluate the remaining threats as fast as possible. Instead of operators switching between each sensors’ proprietary software to manually gather situational data, HiveWatch empowers operators by presenting all significant event feeds in one window as an alert comes in.

The team combines security expertise in advanced military operations knowledge with high-growth technology startup execution. HiveWatch Head of Product Jordan Hill previously led multiple teams at Bird to develop machine learning solutions to contextualize hardware and software data for internal safety operations, sidewalk detection, and asset recovery that returned millions of dollars in capital investments and revenue globally.

“We were attracted to the background of this founding team, and their history and experience in scaling corporate security systems for high-growth companies like Bird,” said Brian Garrett, Co-Founder and Managing Director at Crosscut. “Ryan and Jordan have figured out how to bring interoperability and visibility into an antiquated software and hardware ecosystem. Their approach will make corporate security programmes more accessible for both high-growth startups and Fortune 500 enterprises as we enter a post-Covid, data-driven paradigm.”

HiveWatch is directing their funding to expand their team with new and diverse leaders and engineers to accelerate feature releases and onboarding customers from their waitlist.

“Interoperability has been a problem in physical security since I started my career more than 30 years ago,” said Ron Rothman, former President of Honeywell Security and a HiveWatch Advisor. “The nature of products available today has made scaling security cumbersome. With HiveWatch, you can build scalable and efficient programs by sensemaking and reducing noise across disparate security sensors.”

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