Ray Rothrock

We went from a couple of hundred thousand dollars to 2.7 million.

It was $160 million, which is the size of many IPOs.

Sure.

Our business model is perpetual and SaaS.

We will sell you our software any way you want it.

Perpetual revenue works good, too.

Anyway, we'll do it any way you want.

What Red Seal does is risk scoring based on the network model that our software builds.

Before Red Seal, I was a VC for 25 years at Benrock, and I did a bunch of cyber deals.

I did 15 cyber deals, in fact.

And those times were all about prevention, detection, and stopping things.

Well, in the last four or five years, the world has anything but prevented and detected everything.

In fact, most attacks are inside now.

They're already happening as we speak.

So my thought process from looking at Red Seal, I knew what it did because I was an investor in it originally.

I said, why don't we take this and start to address the issue of investigation, investigation and remediation.

The average time from detection to remediation is 200 days.

That's too long.

A lot of bad things can happen to you.

Look what happened to Equifax, just to throw a few names out there.