Mar 2017 CyLumena
×Launched in 2017, the cybersecurity sister company to SLDC Management specializes in IT risk mitigation and support within health and life sciences and financial service industries.
Photo Credit: University of Pittsburgh
Cybersecurity
Industries like finance, robotics, life sciences, manufacturing, autonomous vehicles, and AI trust Pittsburgh. With security and data sensitivity paramount, talent, R&D and the best technologies in the world provide reliability, safety and – most importantly – a step ahead in a world moving forward faster than a thumb swipe.
“Instead of moving operations and employees to California after acquisition, Proofpoint committed to retaining operations in Pittsburgh to benefit from our exceptional cyber ecosystem.”
CEO & FOUNDER, BLUETREE VENTURE FUND &
BLUETREE ALLIED ANGELS
The Ecosystem
A strong university and R&D research base has evolved to a strong corporate asset
#1 IN COMPUTER SCIENCE
Carnegie Mellon University (CMU) ranks as the #1 school in the U.S. for Computer Science. Grad degree programs include tracks in Cyber Ops and Cyber Forensics and Incident Response (CyFir)
$141 MILLION IN R&D
Computer and information science R&D at CMU is the 3rd-highest of any university in the U.S.
PITT CYBER
The University of Pittsburgh’s Institute for Cyber Law, Policy, and Security (Pitt Cyber) addresses cybersecurity challenges such as privacy, election security and human trafficking
NATIONAL CENTER OF EXCELLENCE
The NSA and Dept. of Homeland Security have designated the Pittsburgh Technical College (PTC) as a National Center of Academic Excellence in Cyber Defense Education (CAE-CDE)
Talent
World-class people in a world-class corporate and research ecosystem
88
Universities & post-secondary CTE institutions
12,000
tech degrees & certificates awarded annually
13,890
software developers and programmers; average wage $88,282 USD*
3,250
computer and information systems managers; average wage $143,720
188,000
Regional Student Population
20.7%
growth of tech talent pool past 5 years to 45,440
23,150
computer support database and systems employees; average wage $65,333*
*Employee numbers and average wages in AI-related positions (2018 data)
Key Investments
Sep 2017 Hornetsecurity
×
10 New Jobs
$10,000 Capital Investment
German-based cloud security provider opened its U.S. Headquarters in Bakery Square in 2017.
Sep 2017
Hornetsecurity
Dec 2017 Proofpoint (Wombat Security Technologies)
×
75 to 100 New Jobs
Previosuly Wombat Security Technologies, the newly acquired company will relocate its headquarters to a larger space in the Strip District, expand into Europe, the Middle East, Africa and Asia, and grow its team by 75-100 new employees. Proofpoint acquired Wombat for $225M.
Dec 2017
Proofpoint (Wombat Security Technologies)
Feb 2019 Acronis
×
50 New Jobs
Drawn by the talent at local universities, the global cyber project company plans to open a Pittsburgh office and hire up to 50 employees by 2021.
Feb 2019
Acronis
Aug 2019 Continuum
×Boston-based IT company opened a new security operations center at its location in Cranberry Township aimed to address the growing issue of a skills gap in cybersecurity for managed service providers
Aug 2019
Continuum
Jul 2020 Fifth Wall Solutions
×
12 New Jobs
Locally-founded cybersecurity startup is growing fast, hiring a new president and doubling its staff by 2021 thanks to a $1M investment from a local fintech entrepreneur.
Jul 2020
Fifth Wall Solutions
StartUp
Culture
Ecosystem
Robust support from accelerators, educational organizations & ecosystem leaders
$3 Billion
in funding to 139 regional tech startups in 2019, a seven-fold increase since 2010
$110 Million
in VC to Cybersecurity Startups over the Past 20 Years
pRIMARY CYBERSECURITY SUPPORT ORGANIZATIONS INCLUDE:
INNOVATION WORKS
One of the most active early stage investors in the U.S. with startup support programs and two nationally ranked accelerators – AlphaLab and AlphaLab Gear – that help software and hardware startups get off the ground.
Pittsburgh Technology Council
Supports the region’s technology-based companies with the business development, talent retention, government relations and visibility services.
InnovatePGh
A public/private partnership focused on accelerating the status of Pittsburgh as a global innovation city and supporting the Innovation District of Pittsburgh’s Oakland neighborhood.
Cybersecurity Success
40 companies and 1,000 workers comprise Pittsburgh’s cybersecurity ecosystem. Attractions include Pittsburgh universities and industries with heavy cybersecurity usage, such as finance, robotics, life sciences, manufacturing, autonomous vehicles, and AI.
$80,913
average wage
237
expansions from 2008-18
22,378
jobs impacted
$4 Billion
in total capital investment
Notable Investments
Proofpoint
Acquired Pittsburgh-startup Wombat
Technologies for $225 million in 2018
Carnegie Mellon University’s software Engineering institute
Awarded a $2.7 billion contract in July 2020 from the US Department of Defense to continue federally funded research that focuses on software, artificial intelligence, and cybersecurity.
Cert
Part of CMU’s Software Engineering Institute, CERT has been a leader in cybersecurity for 30 years, with a focus on topics such as network situational awareness, malicious code analysis, secure coding, insider threats, digital investigations, DevOps, forensics, and vulnerability discovery and analysis.
Pittsburgh High-Tech computer crimes task force
CERT and the FBI partnered to create the Pittsburgh High-Tech Computer Crimes
Task Force
The National Cyber Forensics & Training Alliance (NCFTA)
Grew out of the FBI and CERT partnership and is a non-profit partnership among private industry, government, and academia.
Downloads & Links
Financial Services & Cybersecurity Webinar on Youtube
Cybersecurity PDF
Contact Us
Mike Henderson
Senior Director, Business Investment