HiveWatch Next-Gen PSIM Raises $20 Million Led By Ex-Twitter Execs

**********

*********,******* ** ****, ** * ***** SaaS ******** **** ***** data **** ******* *** monitoring ******* **** *** own **** *********, ***** it ***** ** "******," with *** **** **** of ********** ***** ****** and ******* ******** ******** prioritize ****** ********* ***** intervention.

*******

*** ******* ****** *********(********), * ****** *** enforcement ******* *** **** Century *** ******** ********, who ******* ********* ***** having ********** ******* ** eponymous ******** ********** ****, RAS ********** & **************, in ****. ***** ******** RAS **********, ********* ****** in *** ******** ********* that "** **** ******'* take *** ****** *** anymore" *** **** "********** practices *** ****** ** be *** ****":

** ****, ******* **** Schonfeld *** ******* ** a ****** ** * Fortune *** *******’* ****** Security & ****** ********** Group ****he ******* ** **** ******’* **** *** ****** *** *******. Constantly hearing, “because that’s the way it’s always been done” and inefficiencies ******** **** ********* ******* *** ********** ********* *** ****** ** ** *** **** *** ***. [emphasis added]

*******

** ********, *** ******* **** founded ** ****** ******* executives **** ******* *** Adam ****, *** *********'* Series * *********, ***** included ************* **** ***** Groom,**** ***, *** *** ***-*********** *****'****** *** *******,********* ** *** ***** release.

********* ********* ** **** that ** *** *** raised $** ******* *** with *** ***** ** this *****. ********* ********** raised $* ******* *** in ******** ****, **** backing **** ******** ********, Freestyle *******, *** **** Ventures.

No ********* ******* *********

********* ********* ** **** with ** ********* *******—******* on *******, ******, *********, or *** ***** **** of ******** ***** ** scale. ** ********* *** uncertain ** **** **** any *********. ** ****** they **** ** ***** some ***, ***** *** response *** ***** ****** market, ****** ** ** be ***.

Valuation $** ******* ** ******

**** *****, ** ****** a ******** ********* *** HiveWatch, ** *** $** million-plus *****, ***** **** the ****** ** ********* for ** *********** *** the ********* *** ****-**** profits **** ********* *** from *****-*****, **** ******** security *********.

No ******** **********

** * ***** *** IPVM ********, ********* ***** not **** ******** *** many ********* ** ***, though******** ******* ** *********. ********, ********* ****** us ****:

******** *****’* ****** ******* the **** ****** ** employees ** ************ ***, and **’** **** ********* in ******* *** **** of *** *********.

Team *********

*** ******* *** ******* to **** **** ** plans ** "******" *** team ** ***** **** year:

HiveWatch ********* *** *+ **** ********* **** ***** ** ****** *** **** ** ***** **** ****. We’re hiring across engineering, product, customer success, marketing, and sales. We’re rapidly growing and excited that we have more amazing folks joining our team every week. Specifically, we’re looking for hungry individuals who embrace our company values. [emphasis added]

********* ********* *** ** job ********** ** **********, **** half ** ***** ******** having * ********* ***** (e.g., **** *********, ******** engineer, *** ******* ********).

No ****** **** *********

**** ** * ***** for **** ********, ********* confirmed **** ***** *** no ****** ********* *********. Because ** ****, ** is ********** ** **** make ******** ******* ***** how *** ******* *****, what ** ********, ***.

Engineering **** *******

********* **** **** **** its *********** **** **** grow "** *** **** few *****" *** ** a ***** ** *** hires:

** *** **** *** weeks ** ******* **** several **** ****** *** will ** ******* *** engineering, ******** ******* *** operation *****.

***** ************ **************, *********'* ** ** Engineering, **** ** *********'* current ********* ** ******** have ***********-******* *****.

Says "**** *** **** * *******"

********* *** ****** ******** of ***** ** ******** to ****, ****** **** "PSIM *** **** * failure" **** *** ******* "little *******" ** "**** companies":

** **** **** ** no ******** **** *** PSIM *** **** * failure ** **** *************. Historically, ***** **** *** solution **** **** ********* spent *********** ******* ********* and ***** ********* ** with ****** *******. ***** products *** ***** ******** on-premise *********, ******* ** integration ***********, ********** **********, and ***** **********.

**** ** ********** **** historical ******** **** *********, e.g., ** ******** ***** ***** ***** CEO ****:

**** * *********** ********* perspective, *** ******* *********** is *** ** ********** product. **'* * ****** product ******** ****** * PSIM. *** *** **, plus *****, **'* *** way *** ******** ******** has ***** ** ******* bringing *********** **** ********* platforms **** ************ ***'* talk ** **** *****. HiveWatch ********* ************ **** piece ** *** ******. But ** **** ** in * *** ****'* much **** **** ******** and *********.

***** ** ** ***** earlier **** **** ********** HiveWatch ** *****:

Description ** ********

********* *** ******* ******* color ** *** ********, including:

********* ** * *****-****** SaaS ******** **** ** rapidly ********, ****** ********, and ***** ************* *********** their ******** ** * programmatic *****. **** * modern **** **********, ********* uses ********** ********* ** monitor *** */* **** program ******.

***:

** ***** ********* ** play **** **** **** existing *******, *** ******* program ***** ******* ** operational ***********.

Declined ** **** ***********

********* ******* ******** ** name *** ***********, ****** stating **** **** ******** "have *********** ********":

***** *** * *** of ******** ** *** market **** **** *********** features, *** **** ** provide * ******** ** the ************ *****.

**** *** ** ******** to **** ****** ************ about ******** ******************* ** *** ** the ******* ***** ******* that **** **** ********* aims ** **.

Declined ** **** ****** *********

********* ******* *** *** specify *** ****** ********/*********, telling ****:

** ***** ********* ** allow ******** ******** ******** to ***** **** ****-******* companies ** *** ******* enterprises. ********* ** ******* on ***** ********** *** unparalleled **** *** ******** experience.

** ******* ********* **** ultimately ***** ** *** enterprise ***** *** **** / ********** ***** **** of "****** ******" ***. for ******* ************* *** because ********* ** ** vague ** ** **** to ** **********.

Success *******

**** **** ***** **** ways ***** ********* ***** become ********** ***** **** previously ******:

• *** ***********: ****** ***** *********, where ***** *** ********* 100+ ***********, ****** ****** is *** ********** *** PSIMs (** ****-********** *****, etc.). *** **** **** HiveWatch's ******* *** *******. This ***** **** * relatively ****** ********.
• ****, *** *******: *** **** *** sold ** * ***-**** expensive ******* **** **** software ***********. **** **** those ********* ****** ********* on *** ******* ****. By ********, **** ******* a **** ***********, ******, ongoing ******* ******.
• *****-*****: ***** *****-***** ***** help ***** **** ** the ********* ****** **** plagued ***** ** ****** it ****** ** ******** manage *** ******* ** other ***** *******. *******, this ***** *** *** issue ** ********** ** most ******** ******** ******* that ****** **-****, ** least *** ***.

Execution ********

********* ** ****** * question *** ******** *** given *** *******'* ************* lack ** ****** ***********, we **** **** ** higher **** ****** *** the ****** ** ***** startups ** **** ******* entering **** ******** ********. Combine **** **** *** tough **** *** ** execute / ********* ************ and ** **** *** be ****** ** ***** to ***** *******.

*******, *** ******* *** multiple ***** ****** ** its ***** *** ********* has * **** ** succeed.

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