Wedge Networks Inc.

About:

Wedge Networks is a cyber security software vendor specializing in Real-time Threat Prevention.

Website: http://www.wedgenetworks.com

Twitter/X: wedge_networks

Top Investors: Blackberry, Flow Capital, National Research Council of Canada Industrial Research Assistance Program, L-SPARK, Verdex Capital (Formerly the AVAC Group )

Description:

Wedge Networks is a cyber security software vendor specializing in Real-time Threat Prevention. With numerous patents, industry awards, including a Gartner Cool Vendor designation, and twice bestowed with Build-In-Canada Innovation awards, its products are distributed through MSSP, OEM, VAR and SI partners to end customers worldwide. Wedge is headquartered in Calgary, Canada with international teams in the North America, Asia Pacific, Europe, and the Middle East and North Africa regions. Real-time Threat Prevention is one of the most critical cyber defense requirements for the digital economy with enterprise security capacity being over-run by rapidly expanding security workloads as organizations shift to software-as-a-service (SaaS) and other cloud native applications. With the cloud connected world seeing billions of new connected endpoint devices added, especially in areas such as smart cities, smart manufacturing, and other smart infrastructure, the network perimeter has now been extended to encompass anywhere these devices are located; further widening the security gap. The ability for the Secure Access Service Edge (SASE) to rapidly roll out real-time threat prevention services, and to adapt and deliver end-to-end protection as and when needed, is a key challenge in this cloud connected world, especially for MSPs, MDRs and other service providers. Wedge’s leadership in this area allows us to form important and strategic partnerships with players who are movers and shakers in this digital transformation and enables increased growth for these partners. Today, Wedge’s products prevent advanced security threats for tens of millions of endpoints spanning more than 22 countries. Our technology platform, WedgeARP™, has the deepest visibility of network data in the industry, possessing an unmatched ability to defend against malicious attacks that are undetectable with shallow inspection techniques. It delivers the highest real-time performance of orchestrated security services through a software implementation that is portable to all x86 servers. Trained with nearly 1 billion threat samples, its automated and continually-learning embedded artificial neural network can detect never-before-seen malware in milliseconds. WedgeARP™ represents the present and future of how much-needed security services can be delivered, from the cloud core to the ever-expanding network edge, to help reduce the security gap. Supported by a world class software product team in Canada, it allows enterprises, governments, telecommunications providers and critical infrastructure operators to achieve real-time prevention of advanced threats; and enables Wedge’s distribution partners to increase their Average Revenue Per User (ARPU) and reduce customer CHURN.

Total Funding Amount:

$10.7M

Estimated Revenue Range:

$10M to $50M

Headquarters Location:

Calgary, Alberta, Canada

Founded Date:

2002-11-01

Contact Email:

info(AT)wedgenetworks.com

Founders:

Hongwen Zhang, Husam Kinawi

Number of Employees:

101-250

Last Funding Date:

2022-07-13

IPO Status:

Private

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