Plurilock

  • Paula Parker posted an article
    Plurilock Security Inc. Financial Transactions see more

    Source: Plurilock.com

    For Immediate Release September 17, 2020 

    VICTORIA, BRITISH COLUMBIA—Plurilock Security Inc. (formerly Libby K Industries Inc.), further to its news releases dated June 23 and Aug. 24, 2020, has closed its previously announced qualifying transaction and changed its name to Plurilock Security Inc. Also in connection with the transaction, the company completed a consolidation of its common shares on a one-for-two basis.

    The shares are expected to resume trading on the TSX Venture Exchange as a Tier 2 technology issuer under the ticker symbol PLUR on or about Sept. 24, 2020, subject to the TSX-V issuing its final exchange bulletin confirming completion of the transaction and its approval thereof.

    The transaction was effected pursuant to a three-cornered amalgamation whereby the company’s wholly owned subsidiary amalgamated with Plurilock Security Solutions Inc. under the Business Corporations Act (British Columbia) and Plurilock became a wholly owned subsidiary of the company.

    The Concurrent Financings

    In connection with the transaction, the company and Plurilock have completed concurrent brokered private placements for aggregate proceeds of $2.6-million. As disclosed in the company’s filing statement, the concurrent financings were conducted in two components:

    • By the company, for retail investors who subscribed under the prospectus exemption pursuant to B.C. Instrument 45-536;

    • By Plurilock, for investors who subscribed under all other prospectus exemptions.

    • The Libby K brokered component comprised 1,262,000 units of the company at a price of 30 cents per unit, for aggregate gross proceeds of $378,600. Each unit comprised one share and one-half of a warrant, and each warrant is exercisable for one share at an exercise price of 40 cents until Sept. 17, 2022, all on a postconsolidation basis. The shares and warrants issued under the Libby K brokered component, as well as any shares issued upon exercise of such warrants, are subject to a hold period and may not be traded until Jan. 18, 2021, except as permitted by applicable securities legislation and the rules and policies of the TSX-V.

      The Plurilock brokered component comprised 7,416,162 subscription receipts of Plurilock at a price of 30 cents per subscription receipt, for aggregate gross proceeds of $2,224,848.60. Pursuant to the terms of the transaction (and after giving effect to the consolidation), each subscription receipt was effectively converted into one unit for a total of 7,416,162 units.

    Continue Reading Original Article

     

     

  • Paula Parker posted an article
    New Board of Directors member at Plurilock. see more

    VICTORIA, BRITISH COLUMBIA May 4, 2020—Plurilock Security Solutions, Inc., leading provider of behavioral-biometric authentication technologies, this week announced the addition of seasoned software executive Ed Hammersla, formerly of Trusted Computer Solutions (TCS), to its board of directors. The appointment took effect as of April 1st, 2020.

    Hammersla brings over 40 years of software and cybersecurity experience to Plurilock as an independent director, including successful tenures at TCS, Forcepoint, Raytheon Cyber Products, IBM, NEC, Informix Federal, and Sterling Software.

    “With Ed’s completely unique background in cybersecurity platforms, ecosystems, and infrastructure, we saw him immediately as a key addition to our growing team” says Barry Carlson, chairman of Plurilock’s board of directors. “Ed has insights, connections, and experiences across the industry that can’t be duplicated. We’re fortunate to add such a steady wellspring of knowledge and skill to our leadership team.”

    A startup veteran with deep ties to the venture capital community as a CEO, investor, and advisor, Hammersla was also instrumental in the development of the trusted Linux platform that gave rise to industry-standard Red Hat Enterprise Linux, and now serves on the external advisory board of the Critical Infrastructure Resilience Institute.

    “We’re in a moment of rapid change in the security industry,” says Plurilock CEO Ian Paterson. “Companies are shifting rapidly to a remote workforce posture even as the best practices of a few years ago—one-time passwords, biometric scans, anti-malware, and so on—are really showing cracks and unplanned costs. Ed has a deep understanding of the day-to-day security needs and realities in the verticals that we serve—and how these will evolve going forward.”

    Plurilock expects Hammersla’s critical expertise in virtual desktop infrastructure (VDI) environments, security policy and compliance, and enterprise cybersecurity to support its continued growth and expanding list of offerings and capabilities.

    About Plurilock

    Plurilock is the leader in advanced and continuous authentication for standards and regulatory compliance. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.

    For more information, visit https://www.plurilock.com.

  • Sadie Evans posted an article
    Plurilock announces new defence contracts see more

    Source: https://www.prweb.com/releases/plurilock_awarded_federal_us_dhs_canadian_dnd_contracts_during_period_of_strong_revenue_growth/prweb16671169.htm

     

    VICTORIA, BRITISH COLUMBIA - November 7th, 2019 - Plurilock this week announced that it has been awarded new contracts by the United States Department of Homeland Security (DHS) and the Canadian Department of National Defence and Canadian Armed Forces (DND/CAF).

     

    DHS CONTRACT TO ADVANCE MACHINE-TO-MACHINE AUTHENTICATION, ANOMALY DETECTION

    The DHS contract, signed earlier this month, tasks Plurilock with continued development and delivery of machine-to-machine (M2M) anomaly detection technologies to enable future Internet of Things (IoT) authentication in certain federal networks.

    The contract is funded through the DHS Science and Technology (S&T) Directorate’s Silicon Valley Innovation Program (SVIP) and represents the next phase in an ongoing collaboration between Plurilock and DHS in a program in which Plurilock is one of only three non-U.S. companies, and the only Canadian company, represented.

    “Our behavioral, anomaly detection, and AI capabilities,” says Plurilock CEO Ian Paterson, “give us a head start in developing machine-to-machine authentication tools. We think this technology will become more and more critical as the ‘internet of things’ era matures, so we’re excited to continue to collaborate with the Silicon Valley Innovation Program. Obviously, DHS and SVIP are world-class partners to work with.”

     

    DND CONTRACT TO ENHANCE APT DETECTION AND RESPONSE

    Plurilock’s new Canadian Department of National Defence contract, signed in July, tasks the company to advance the state-of-the art, real-time cyberattack detection and advanced persistent threat (APT) prevention.

    Under the contract, Plurilock will leverage its technology and expertise in anomaly detection and machine learning to improve the detection of ongoing cyber-attacks as well as the efficiency, speed, and accuracy of Canadian federal agency responses to them. DND selected Plurilock in response to an Innovation for Defence Excellence and Security (IDEaS) program call for proposals.

    The project commenced at award time and will run through late 2019, with further stages to potentially follow once DND/CAF confirms a successful collaboration.

    “It’s hard to overstate the need for real-time threat detection and response in today’s critical systems,” says Paterson. “Plurilock will significantly enhance this capability, and we’re excited to be able to demonstrate our leadership across multiple kinds of security-driven anomaly detection in our work for DND and IDEaS.”

     

    ADAPT DRIVES STRONG REVENUE GROWTH

    Plurilock’s federal contract wins come during a period of record revenue growth for the company following February’s launch of Plurilock ADAPT, a next-generation multi-factor authentication solution. ADAPT enables risk-based login security using a combination of behavioral-biometric and contextual identity signals, and is unique in its ability to significantly increase the security of login workflows while remaining entirely invisible to users.

    “Breach rates continue to climb and frankly, the market is really hungry,” says Paterson. “Companies are frantically looking for a way to deploy MFA without harming delicately balanced user experiences or bottom lines, which is what we offer with ADAPT. It’s amazing to see such rapid uptake just as we ink new deals with federal agencies. It’s an exciting time at Plurilock.”

     

    ABOUT PLURILOCK

    Plurilock is the leader in advanced and continuous authentication for standards and regulatory compliance. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.

    For more information, visit https://www.plurilock.com.

     

    ABOUT SVIP

    SVIP is one of S&T’s programs and tools to fund innovation and work with private sector partners to advance homeland security solutions. SVIP reaches out to innovation communities across the globe to harness commercial research and development for government applications, co-invest in, and accelerate the transition of technology to the commercial market. Companies participating in SVIP are eligible for up to $800,000 of non-dilutive funding to develop and adapt commercial technologies for homeland security use cases.

    For more information on current and future SVIP solicitations, visit https://www.dhs.gov/science-and-technology/svip or contact dhs-silicon-valley@hq.dhs.gov.

     

    ABOUT IDEAS

    The Innovation for Defence Excellence and Security (IDEaS) program fosters open innovation to provide creative thinkers with the structure and support to encourage solutions which will assist in solving some of Canada’s toughest defense and security challenges. The IDEaS program is broken into several components, designed to advance defense technologies in Canada. Innovations are eligible for funding up to $200,000 during Component 1a and up to $1,000,000 during Component 1b. Innovations that are promising for Canada can receive non-IDEaS Program funding up to $20M to continue development up to Solution Readiness Level 9.

  • Tessa Bousfield posted an article
    “VIATEC is excited to be a part of CDMN. Communities across Canada have a great opportunity to... " see more

    Want $4000 to grow your business in another country? 

    CDMN Soft Landing Program 2019 

    VIATEC is now a member of the CDMN (Canadian Digital Media Network) and they have a great Soft Landing Program that has just opened applications for 2019! VIATEC members can utilize this program to open new markets, close international sales, secure investment and connect with new partners abroad. Successful candidates will receive up to $4,000 CAD in reimbursable expenses to help offset transportation and accommodation costs.

    VIATEC is now one of 29 innovation hubs across the country. As a member of CDMN, one of the many benefits is being able to share and administer their valuable programs directly with VIATEC members. Members who are interested in applying for the program and want support can contact rbennett@viatec.ca

    Deadline to apply is May 26, 2019 - Don’t miss out!

    The Soft Landing program offers qualified, mature startups and SMEs exposure to business opportunities outside of Canada. Companies landing at a co-working space, accelerator or incubator may also have the costs associated with workspace covered for up to three months. Both the location and the specific landing facility are always determined by the company based on their business needs and market pull.

    VIATEC members that have participated in this program before include Industrial Plankton Inc., LlamaZOO Interactive, Limbic Media and Plurilock. 

    Program Details:

    Cohort

    Application Open

    Time to Begin Travel

    Spring/Summer 2019

    May 13-26, 2019

    June 2019 - August 2019

    Fall 2019

    July 26-Aug 11, 2019 

    Sept 2019- December 2019

    Winter 2020

    Nov 11-24, 2019

    Jan 2020- March 2020

     

    Note: dates are subject to change.

    Criteria:

    • Canadian tech company (established startup or scale-up);

    • Product has launched and generating revenue;

    • Demonstrate a strong probability of creating jobs, closing sales or securing investment outside of Canada;

    • Clearly define potential meetings and the expected outcome in dollar value; and

    • Applying to attend an event, conference, trade show or trade mission is NOT eligible.

    • Travel within Canada is NOT eligible.

    Have questions about qualification criteria? Email softlanding@cdmn.ca.

    APPLY

    LEARN MORE

    CDMN Hub representatives can provide advice and are consulted during the application process. Applicants will be evaluated based on several criteria, including revenue generation over the last 12 months, current state of the business and/or product and the viability of proclaimed goals and objectives. Companies that located in a region without a CDMN hub partner are still welcome to apply.

    About CDMN

    The Canadian Digital Media Network offers programs that provide tech companies with national and international opportunities to help bring more digital media solutions to market, creating jobs and wealth in Canada.

    Since 2012, CDMN has helped 531 Canadian companies expand nationally and internationally through 739 landings to 63 countries, resulting in more than 87.3M in new revenue and 250 jobs created.

    “VIATEC is excited to be a part of CDMN. Communities across Canada have a great opportunity to realize significant impact from their local tech sector and, while tech is already the number one industry in Victoria with over $4 billion in annual revenues, we are focused on helping our innovative entrepreneurs to scale up their companies and products to their highest potential. As one of Canada’s oldest tech associations, we are eager to learn from our peers and share our experiences. By working as part of a national network we expect we can lend a hand and learn a lot about building the most valuable programs and events for our members and our community.”

    – Dan Gunn, CEO, VIATEC

     

  • Tessa Bousfield posted an article
    The launch comes on the heels of closing $3 million in seed investment for Plurilock see more

    Source: Plurilock.com

    Plurilock Launches New Global Channel Partner Program for its Invisible Identity Assurance Cybersecurity Solution

    Plurilock Security Solutions (“Plurilock”), a provider of behavioral biometrics cybersecurity, today announced the launch of its new Plurilock Global Sales Channel Partner Program, welcoming nine marquee partners who can now offer Plurilock’s invisible identity assurance solution to customers around the world.

    The launch comes on the heels of closing $3 million in seed investment for Plurilock whose unique continuous user authentication solution monitors user behavior on desktop and laptop computers in real-time to ensure that the current user is the authorized user.

    Plurilock’s BioTracker behavioral biometrics and artificial intelligence identity assurance solution provides continuous user authentication to thwart insider threats, privileged access compromises, stolen credentials, user carelessness and more, reducing time-to-response for breach attempts from over 200 days to less than 30 seconds. Its ultra-fast response, autonomous remediation and built-in audit-ready forensics and regulatory compliance make it an attractive solution for government and defense, financial, infrastructure, healthcare and life sciences organizations that depend on user validation for ironclad security, compliance and protection.

    New Partners Offer Worldwide Protection

    Plurilock’s nine new sales channel partners include Carahsoft, Siltek, Tindo Pte Ltd, Paramount Computer Systems (PCS) and Assurity Systems Limited. Through these and other partners, Plurilock is now readily available in the Middle East, Europe and Asia/Pacific, in addition to the Americas.

    “Plurilock’s simple identity assurance technology provides the real-time user authentication our customers need for security and compliance with zero impact on the user experience,” said Michael Shrader, Vice President Intelligence and Innovative Solutions with Carahsoft. “This is a great opportunity for us to deliver this affordable, dependable and efficient cybersecurity solution to our customers and reseller partners.”

    Growing Market Interest Underscores Expanding Threat

    Plurilock has landed additional clients in the financial services and energy sectors, including a critical infrastructure power plant. They have implemented Plurilock to protect their vital infrastructure and keep customers’ needs securely met, underscoring the demand for cybersecurity in utilities and financial markets.

    “Digital espionage is becoming a legitimate threat to both our national infrastructure and our economy, and all it takes is one bad actor to wreak potentially nationwide havoc on our vital systems,” said Plurilock CEO Ian Paterson. “Plurilock gives these critical entities the capability to instantly stop virtually any user-authentication-based endpoint threat, including accidental device or credential loss, to prevent your data or systems access from falling into the wrong hands.”

    To learn more about partnering with Plurilock to distribute its invisible identity assurance solution, visit www.plurilock.com/partners

    About Plurilock

    Plurilock delivers preventative, instantaneous and continuous solutions for workplace authentication and regulatory compliance. Its software strengthens workplace cybersecurity using sophisticated behavioral biometrics to identify authorized users and neutralize insider threats.

    MEDIA CONTACT

    Kasey Thomas
    SSPR
    925-285-6449
    kthomas@sspr.com

  • Tessa Bousfield posted an article
    Fundica announces pitching Startups for Vancouver stop, including 4 from Victoria (VIATEC Members) see more

    Source: Fundica.com

    Fundica announces pitching Startups for Vancouver stop, including 4 from Victoria (VIATEC Members)

    We’ve chosen our Montreal City Winners, but there are still two city-stops to go—and many additional finalists to find—before our finale on July 12th. At our next event in Vancouver, an all-new roster of startups will compete for their chance to win the $500,000 investment award. Come cheer them on at our beautiful, new venue, the Goldcorp Stage at the BMO Theatre Centre. Read about them below!

    Hypernose (from Victoria), developed by Alphatron Technology, is a nano-technology electronic device that uses a novel, patent-pending microelectrochemical technology, as well as advanced data fusion and machine learning software, to selectively detect hazardous gases while ignoring benign VOC compounds.

    QiiQ Healthcare is developing a system for tracking, analyzing, reporting, and improving workflow in hospital emergency departments. They are using the latest in indoor tracking, machine learning, and artificial intelligence, as well as their in-depth knowledge of the domain, to help drive deadly emergency wait times down to zero.

    Youneeq (from Victoria), is a Knowledge Discovery platform that uses its proprietary A.I. to deliver organizations’ existing knowledge—in its content, data, and product forms—in an effective, automated, user-focused manner.

    Skylite Labs Inc enhances quality of life by recommending smart home devices that are compatible and centralized.

    Biointeractive Technologies Inc.’s wristband, TENZR, protects hands from hand injuries and enables speedy recovery from existing hand injuries using a proprietary sensing technique that detects tendon and muscle movement at the wrist.

    LearningBranch Inc is a platform for the automated, voice or chat-based assessment of soft skills that replaces checkbox application forms and expensive face-to-face interviews. Customizable and scalable, the platform transforms the recruitment and onboarding processes.

    SafetyTek Software Ltdis a comprehensive safety management suite that helps construction companies eliminate work stoppages, reveal the true value of safety, and invest in their reputation.

    ChatterHigh (from Victoria), inspires students to be personally engaged about their post-secondary aspirations by gamifying the post-secondary research experience.

    RallyEngine is a Resilience-as-a-Service platform that alerts groups, rallies teams, reports tips, and enhances the overall safety and business continuity of campuses, companies, and cities while effectively minimizing the costly impact of disruptive events.

    VitalSines creates hardware and software solutions that help people live longer and healthier lives. Their first product, iHeart, has been in the market for three years and has over 10,000 users in 65 countries worldwide.

    Plurilock (from Victoria), delivers preventative, instantaneous, and continuous solutions for endpoint security and visibility. Its software strengthens workplace cybersecurity using patented behavioral biometrics to identify authorized users and neutralize threats.

    Fusion Genomics Corp. is a precision medicine for infectious diseases company. Their pan-pathogen test can identify any known human pathogen (~1,400). It provides accurate diagnosis based on genomic information, which is needed to guide treatment, detect antibiotic resistance, and identify host disease susceptibility markers in a cost-effective and timely manner.

    Morfus Mixed Reality helps turn 2D floorplans and 3D architectural designs into fully interactive mobile VR walkthroughs that can be accessed on an app.

    ViewsIQ Inc. is a medical technology company that is digitizing patient samples microscopically to disrupt the pathology practice. Designed to integrate seamlessly into the laboratory's existing workflow, ViewsIQ's Panoptiq pathology imaging solution allows clinicians to share patient samples digitally, comfortably, and with the complexity of their own microscopes.

    Responsive offers a digital hybrid wealth solution to private managers and banks. Our solution enables client-focused service excellence and actionable insights that grow wealth and build trust.

    Lumen5 is a video creation platform powered by artificial intelligence that allows brands and businesses to produce engaging video content for marketing purposes at scale through intelligent automations.

     

    Want to see these startups live? Come to our Vancouver event. Limited tickets remain!

    Vancouver, May 31st, 2018: Tickets here

    Toronto, June 28th, 2018: Tickets here

    Finale, Montreal, July 12th, 2018: Tickets here

  • Tessa Bousfield posted an article
    Among the list are three VIATEC Members: Priologic Software, Plurilock, and Flytographer! see more

    BCTECH Summit's Top 50 Tech Startups announced

    These 50 B.C. tech companies (Click here for list), have been chosen as the most investable startups in their sector by BCTECH Summit's Selection Committee, a group of top-tier VCs and angel investors. Among the list are three VIATEC Members: Priologic Software (HardHat Connect), Plurilock, and Flytographer!

    They'll be pitching in front of local and international investors at this year's Investment Showcase, happening May 15th.