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  • Thursday, November 21, 2024
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Accenture, Raytheon, Stellar Ventures Invest in Space Cybersecurity Company SpiderOak

SpiderOak has received investments from the venture capital arms of Accenture (NYSE: ACN), Raytheon Technologies (NYSE: RTX) and Stellar Ventures and will use the capital to speed up the deployment of zero-trust, cybersecurity platforms for government and commercial clients operating in the space sector.

SpiderOak said Thursday the investment will help the company facilitate the integration of its OrbitSecure platform into the ground infrastructure to help ensure encrypted data security.

Accenture and Raytheon made their investments through Accenture Ventures and RTX Ventures, respectively.

SpiderOak designed its OrbitSecure technology offering to help organizations protect space-based assets through zero-trust and end-to-end data encryption methods.

Dave Pearah, SpiderOak CEO, noted the investment will enable the company to further advance growth in the space sector and deliver cybersecurity and resiliency platforms to customers.

“We look forward to working with our new partners to protect the entire space ecosystem, from ground to orbit.”

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