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Two cyber experts are launching a consulting firm and a fund. We have the details.


From: InfoSec News <alerts () infosecnews org>
Date: Tue, 8 Jan 2019 08:28:36 +0000 (UTC)

https://www.bizjournals.com/washington/news/2019/01/07/two-cyber-experts-are-launching-a-consulting-firm.html

By Andy Medici
Staff Reporter
Washington Business Journal
1/7/19

The rapid growth of artificial intelligence and machine learning in the corporate world is leaving huge cybersecurity gaps -- and a pair of longtime security experts are launching a consultancy and venture fund to combat them.

OODA LLC is being headed by entrepreneur and security executive Matt Devost and former Navy intelligence officer and former CTOvision.com Publisher Bob Gourley. The duo are also launching a separate fund -- OODA Ventures -- with plans to raise between $10 million and $25 million to invest in early-stage cyber startups.

"Machine learning and AI are essential technologies, but we are unfortunately making a lot of mistakes," Devost said in an interview. "We are not addressing the cybersecurity questions up front in terms of building cybersecurity into the model."

The self-funded OODA -- which stands for observe, orient, decide and act, a concept developed by Air Force Col. John Boyd to make smarter air combat decisions -- is the latest venture for Devost and Gourley, who both have long resumes when it comes to security and cyber issues. They both served mentors at Mach37, the cyber accelerator located at the Center for Innovative Technology is Dulles.

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