Overview

Annual global revenue for artificial intelligence (AI) products and services will grow from $643.7 million in 2016 to $36.8 billion by 2025, according to Tractica, which would make it the fastest growing segment of any size in the IT sector. At the same time, cybersecurity and incident response are top of mind for businesses, with 97% of organizations saying they have either already taken steps to automate and/or orchestrate incident response processes, or plan to do so within the next 18 months.

Ahead of the curve and sitting at the cross section of these two booming industries, Hexadite is garnering growing interest and demand for its security automation and orchestration technology worldwide. Hexadite offers the only fully-automated incident response solution, harnessing the power of AI to dramatically reduce the time it takes enterprises to close out cybersecurity alerts. Hexadite AIRS empowers security teams to examine every single alert, regardless of the priority score it has been given, reducing the time it takes to close out cybersecurity alerts by up to 95%

Earlier this year, Hexadite closed an $8 million Series A funding round from Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures. It has used those funds to establish its new headquarters in Boston, MA, improve its product and accelerate sales and marketing. In September 2016, Hexadite announced a strategic reseller agreement with Hewlett Packard Enterprise (HPE), giving it tremendous reach into the global market.

Over the past year, Hexadite has experienced an incredible 900% growth in its customer base. Less than two years after the launch of its Hexadite Automated Incident Response (AIRS) platform, Hexadite is already serving Global 2000 companies. Its customers today include over 1 million end users spanning a wide range of industries.