HiveWatch News

Machine learning refers to the evolving ability of computer systems to learn and adapt without following explicit instructions. It essentially involves the use of algorithms and statistical models to analyse and draw conclusions from patterns in data. In the security industry, when it comes to buzzwords, artificial intelligence (AI) has a higher profile than the more specific related term, although machine learning is a better description of tools that are gaining popularity in physical security...

Obtaining needed funding for security technology improvements often requires going to senior management with a hat in hand. But requests for more security funding from the C-suite may fall on deaf ears unless a security professional can make a compelling case for the needed expenditures. It starts with learning to speak in terms that resonate with upper management and also involves carefully analysing the benefits of security investments to the broader enterprise. We asked this week’s Expe...

HiveWatch, a physical security software company reimagining how organisations keep their people and assets safe, has announced its latest customer wins, including an average 14-minute reduction in time to resolve an incident, from 15 minutes to 1 minute, and a significant reduction in false alarms. These results, taken directly from established HiveWatch customers, are driving increased interest and spurring greater investments in hiring, across the company’s diverse workforce. Customer...

It’s clear that despite recent layoffs in the tech industry and general unease about the economy, there are still significant gaps in the number of jobs available and the amount of workers available to fill them. According to the Labour Department, there are 5.5 million more job openings than workers available. The physical security industry is not immune to these shortages. Last fall, Allied Universal reported being unable to fill thousands of open roles nationally while other smaller s...

HiveWatch, a technology company reimagining how companies keep their people and assets safe, announced it has closed $20 million in additional growth funding. This investment is led by former Twitter CEO & COO, Dick Costolo and Adam Bain of 01A, with participation from Lachy Groom, Elad Gil, and Penny Jar Capital (a fund anchored by Stephen Curry), joining early insiders Crosscut Ventures, Freestyle Capital, and SaaS Ventures. This is the company’s second financing announcement since...

Many of us take critical infrastructure for granted in our everyday lives. We turn on a tap, flip a switch, push a button, and water, light, and heat are all readily available. But it is important to remember that computerised systems manage critical infrastructure facilities, making them vulnerable to cyber-attacks. The recent ransomware attack on the Colonial Pipeline is an example of the new types of threats. In addition, any number of physical attacks is also possibilities. We asked this we...

HiveWatch, a security fusion startup company that uses multi sensor fusion to help companies respond better and effectively to physical security threats, has emerged from stealth and announced a seed funding round led by CrossCut Ventures, with participation from Freestyle and SaaS Ventures. Centralising event data HiveWatch’s platform pulls data from a company’s disparate monitoring systems and security sensors to provide operators a single-pane-of-glass to evaluate and respond to...