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About Cybeats Technologies Corp. (CYBCF)
Cybeats Technologies Corp. is a global leader in cybersecurity, specializing in Software Bill of Materials (SBOM) management and software supply chain intelligence. Headquartered in Toronto, Ontario, Cybeats provides innovative solutions that help organizations manage risk, meet regulatory compliance, and secure their software ecosystems from procurement to development and operation. By offering comprehensive visibility and transparency into software supply chains, Cybeats empowers its clients to improve operational efficiency, enhance security, and drive revenue growth.
Core Offerings
At the heart of Cybeats' product suite is SBOM Studio, an industry-leading platform designed to streamline software vulnerability management, ensure regulatory compliance, and enhance supply chain transparency. SBOM Studio serves a diverse range of industries, including healthcare, industrial automation, and government sectors, enabling organizations to:
- Identify and mitigate software supply chain risks in real-time.
- Track and manage software vulnerabilities with automated risk analysis.
- Ensure compliance with evolving regulations such as the U.S. Executive Order 14028 and the EU Cyber Resilience Act.
- Facilitate secure SBOM sharing to foster trust and transparency with stakeholders.
Complementing SBOM Studio is SBOM Consumer, a solution tailored for organizations that procure and deploy software from multiple vendors. This platform simplifies SBOM ingestion, validation, and continuous monitoring, making it an essential tool for industries reliant on third-party software, such as healthcare and critical infrastructure.
Industry Leadership and Market Relevance
Cybeats has established itself as a trusted partner for some of the world's largest organizations, including Fortune 500 companies and government agencies like the U.S. Department of Defense. Its solutions align with global regulatory frameworks, providing clients with the tools needed to navigate complex compliance landscapes. In the healthcare sector, for instance, Cybeats supports medical device manufacturers (MDMs) in meeting FDA requirements for SBOMs, thereby enhancing patient safety and regulatory adherence.
The company's innovative approach extends to emerging technologies, with capabilities like AI Bill of Materials (AIBOM) management and AI Threat Intelligence Collection (AITIC). These advancements address the growing cybersecurity risks associated with artificial intelligence and software supply chains, further reinforcing Cybeats' market leadership.
Competitive Advantages
Cybeats differentiates itself through:
- Comprehensive Solutions: Offering end-to-end SBOM management for both software producers and consumers.
- Regulatory Alignment: Ensuring compliance with stringent regulations across North America and Europe.
- Proven ROI: Demonstrating measurable cost savings and efficiency gains for clients, such as reducing vulnerability management efforts by up to 75%.
- High Conversion Rates: Achieving a 90% conversion rate from product trials to long-term commercial licenses.
- Strategic Partnerships: Collaborating with industry leaders like Rockwell Automation and the U.S. Department of Defense.
Market Outlook
As global cybersecurity threats continue to rise, the demand for SBOM solutions is accelerating. Cybeats is strategically positioned to capitalize on this trend, offering scalable solutions that address both current and future market needs. With a growing customer base, recurring revenue model, and focus on innovation, Cybeats is poised to remain a key player in the cybersecurity landscape.
Conclusion
Cybeats Technologies Corp. exemplifies innovation and leadership in the cybersecurity industry. Its cutting-edge solutions, regulatory expertise, and commitment to transparency make it an indispensable partner for organizations aiming to secure their software supply chains. Cybeats. Software Made Certain.
Cybeats Technologies Corp. (CSE: CYBT, OTCQB: CYBCF) announces its participation in the RSA Conference 2023 in San Francisco from April 24 to April 27. The company is hosting its second annual 'SBOM Meetup', which is sold out, indicating strong interest in software supply chain security. The conference attracts over 50,000 attendees and offers Cybeats an opportunity to connect with key technology and cybersecurity leaders, enhancing its commercial pipeline. Cybeats' team aims to showcase its SBOM management solutions, which are critical for risk management and compliance in the software supply chain.
Cybeats Technologies Corp. (CSE: CYBT, OTCQB: CYBCF) announced the appointment of Dr. Georgianna Shea, a seasoned cybersecurity expert, to its advisory board. Dr. Shea brings over 25 years of experience focusing on National Security and cybersecurity disciplines. She currently serves as Chief Technologist at the Foundation for Defense of Democracies' Center on Cyber and Technology Innovation.
Dr. Shea's extensive background includes leadership roles in top tech companies and contributions to significant advisory groups. Her expertise is expected to enhance Cybeats' capabilities in SBOM management, risk and compliance, and software supply chain intelligence. The company anticipates that Dr. Shea's insights will support its ongoing growth and innovation efforts in cybersecurity.
Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) emphasizes the importance of Software Bills of Materials (SBOM) in enhancing cybersecurity, particularly following the recent 3CX cyberattack attributed to North Korean hackers. The company notes that governments are increasingly pushing for SBOM requirements to manage software supply chain risks, aided by recent U.S. national strategies and Canadian Bill C-26 legislation aimed at protecting critical cyber systems. Cybeats is actively collaborating with government agencies to bolster software security standards across various sectors. The ongoing global trend towards stricter cybersecurity measures is underscored by significant legislative changes in the U.S. and Canada, and the EU's proposed Cyber Resilience Act, which could greatly influence software security responsibilities.
Cybeats Technologies Corp. (CSE: CYBT; OTCQB: CYBCF) has addressed the recent 3CX cyberattack, emphasizing the escalating threats to software supply chains. This incident has prompted stakeholders to advocate for greater supply chain transparency. Cybeats is engaged with various government agencies on this issue, supporting the adoption of Software Bills of Materials (SBOM) as a crucial security measure in compliance with Cyber Executive Order 14028 and the U.S. National Cyber Strategy. The company highlights the global importance of SBOM management amidst rising cyber threats, with significant implications for sectors such as finance, technology, and healthcare. Furthermore, recent Canadian legislation (Bill C-26) aims to bolster cyber system protections, while the EU's proposed Cyber Resilience Act reinforces the need for higher software security standards.
Cybeats Technologies Corp. announced a non-brokered private placement of up to 8,000,000 units at $1.00 each, aiming for gross proceeds of C$8,000,000. Each unit consists of one common share and one warrant, exercisable at $1.40 for two years. The first tranche raised C$2,112,000 through 2,112,000 units. The funds will support the growing demand in the SBOM management market and onboarding new enterprise clients. The offering included participation from insiders, acquiring 600,000 units, and is classified as a related party transaction. The company retains the option to increase the placement to 15,000,000 units for C$15,000,000. All securities will be subject to a four-month hold period after closing.
Cybeats Technologies Corp. (CSE: CYBT, OTCQB: CYBCF) announced a successful delivery of its SBOM Studio to two prominent clients, including a global energy management provider and a Fortune 500 building technology company. The contracts involve three-year engagements, aiming to enhance product security through effective SBOM management. SBOM Studio automates the sharing and management of Software Bill of Materials (SBOM), reducing operational costs and improving ROI. This deployment reinforces Cybeats' commitment to delivering advanced solutions tailored for the industrial control and building automation sectors.
Cybeats Technologies Corp. announced its approval to trade on the OTC Markets under the symbol CYBCF, enhancing its accessibility to U.S. investors. This milestone is part of Cybeats' growth strategy, reflecting increased interest in its
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