Microsoft invests millions in Nanaimo-based cybersecurity company
NANAIMO — Tired of not working on things he loved, Chris Davis left his job and started-up a cybersecurity company in his Nanaimo basement. Five years later the world’s biggest software company couldn’t wait to invest millions in the operation.
This week, Nanaimo-based Hyas announced it raised $6.2 million in a funding round, led by a huge investment from tech giant Microsoft.
“When (Microsoft) heard what we were working on and how unique it was they got really excited, hopped on a plane and were up here the next day after we talked to them,” Davis, Hyas’ founder and CEO, told NanaimoNewsNOW.
The venture-backed startup specializes in what’s known as attribution intelligence, basically helping other cybersecurity professionals identify and understand attacks on their networks. Davis said their technology is about helping companies understand how they’re being attacked, by who and why in order to better prevent future problems.