Stable Genius
Regular
Brainchip has just released their Cybersecurity product with Quantum Ventura which was partly sponsored by the US GOVT:
“In this federally funded phase 2 program, Quantum Ventura is creating state-of-the-art cybersecurity applications for the U.S. Department of Energy under the Small Business Innovation Research (SBIR) Program. The program is focused on “Cyber threat-detection using neuromorphic computing,” which aims to develop an advanced approach to detect and prevent cyberattacks on computer networks and critical infrastructure using brain-inspired artificial intelligence.”
Putting it mildly it could be very bad if Government, Defence or nuclear infrastructure were to be hacked by bad actors.
Only days ago Biden released an Executive Order to update US cybersecurity. The US Whitehouse website has recently been changed; for obvious reasons; so I can no longer find the EO to link
I have found this news article briefly discussing the EO.
The order included timeframes to report on, update and improve all US Govt cybersecurity protections. I think they would be hard pressed to not consider Brainchip/QV’s product given it was paid for and purpose built by the US Govt.
If the EO is not rescinded this could be perfect timing for Brainchip and QV.
“CyberNeuro-RT is the only game in town for implementing managed cybersecurity support of edge devices that cannot rely on a central server to identify threats and attacks due to cost or power issues,” said Srini Vasan, President and CEO of Quantum Ventura. “Having the neuromorphic capabilities that BrainChip provides directly integrated into CNRT better allows for the detection of threats across multiple devices that otherwise would be vulnerable to exploitation.”
I can’t vouch for the accuracy of this valuation below but internet indicates the market size is “HUUGE”.
The U.S. cyber security market size was valued at USD 59.27 billion in 2023. The market is projected to grow from USD 65.70 billion in 2024 to USD 166.73 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period.
Source: https://www.fortunebusinessinsights.com/u-s-cyber-security-market-107436
IF we can be part of the cybersecurity solution for the US Government including the Defence Force then the sky is the limit and we will have to re-evaluate our valuations.
Edit: the first cybersecurity valuation was for the whole of US. Still can’t get onto White House website but internet suggest Govt spending is:
Obviously we won’t be the only solution; but not too shabby a market if there is a directive to put us throughout Govt and Defence.
“In this federally funded phase 2 program, Quantum Ventura is creating state-of-the-art cybersecurity applications for the U.S. Department of Energy under the Small Business Innovation Research (SBIR) Program. The program is focused on “Cyber threat-detection using neuromorphic computing,” which aims to develop an advanced approach to detect and prevent cyberattacks on computer networks and critical infrastructure using brain-inspired artificial intelligence.”
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection
BrainChip and Quantum Ventura partner to develop new cyber threat detection solutions. Learn more about its impact on cyber defense.
brainchip.com
Putting it mildly it could be very bad if Government, Defence or nuclear infrastructure were to be hacked by bad actors.
Only days ago Biden released an Executive Order to update US cybersecurity. The US Whitehouse website has recently been changed; for obvious reasons; so I can no longer find the EO to link
I have found this news article briefly discussing the EO.
The order included timeframes to report on, update and improve all US Govt cybersecurity protections. I think they would be hard pressed to not consider Brainchip/QV’s product given it was paid for and purpose built by the US Govt.
If the EO is not rescinded this could be perfect timing for Brainchip and QV.
“CyberNeuro-RT is the only game in town for implementing managed cybersecurity support of edge devices that cannot rely on a central server to identify threats and attacks due to cost or power issues,” said Srini Vasan, President and CEO of Quantum Ventura. “Having the neuromorphic capabilities that BrainChip provides directly integrated into CNRT better allows for the detection of threats across multiple devices that otherwise would be vulnerable to exploitation.”
BrainChip Provides Low-Power Neuromorphic Processing for Quantum Ventura’s Cyberthreat Intelligence Tool
BrainChip Provides Low-Power Neuromorphic Processing for Quantum Ventura’s Cyberthreat Intelligence Tool
www.businesswire.com
I can’t vouch for the accuracy of this valuation below but internet indicates the market size is “HUUGE”.
The U.S. cyber security market size was valued at USD 59.27 billion in 2023. The market is projected to grow from USD 65.70 billion in 2024 to USD 166.73 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period.
Source: https://www.fortunebusinessinsights.com/u-s-cyber-security-market-107436
IF we can be part of the cybersecurity solution for the US Government including the Defence Force then the sky is the limit and we will have to re-evaluate our valuations.
Edit: the first cybersecurity valuation was for the whole of US. Still can’t get onto White House website but internet suggest Govt spending is:
Obviously we won’t be the only solution; but not too shabby a market if there is a directive to put us throughout Govt and Defence.
Last edited: