Palo Alto, California-based cybersecurity firm Lucideus Technologies has appointed John N Stewart, who has over three decades of experience in the industry, to its board of directors.
Stewart was the senior vice president and chief security and trust officer at Cisco and also led multiple cybersecurity projects from information technology design for elementary schools to national security programmes.
“Having Stewart on our board of directors adds to our overall cybersecurity competence and strengthens our vision of making SAFE score a de-facto industry standard for measuring and mitigating cyber risks. This is extremely strategic and important for a young company like us as we gear to disrupt the cybersecurity market globally,” Saket Modi, co-founder and CEO, Lucideus, said.
Stewart is also the board director for ReFirm Labs and SpyCloud, and special advisor to the board of directors for Focal Point, RedSeal and NSX.
He has served on the Australian Department of the Prime Minister and Cabinet Cyber Security Review panel, the cybersecurity think tank at the University of Maryland University College. He was also on the Center for Strategic and International Studies (CSIS) Commission on Cybersecurity for the 44th United States presidency.
“Lucideus’ cyber risk quantification platform can fundamentally change the way we measure cyber risk, a practice that needs change right now. Lucideus’s SAFE brings in a data-driven model providing objectivity, proactiveness and a measurable, yet simple view and approach to cybersecurity, which is exactly what we all need,” Stewart said.
Founded in 2012 by Modi, Vidit Baxi and Rahul Tyagi, Lucideus provides cyber risk assessment services to private companies and governments with its SAFE platform.
In December last year, the company raised $7 million in a funding round led by MS&AD Ventures, the corporate venture capital unit of Japanese insurance company MS&AD Insurance Group Holdings. Before that, it had raised capital in October 2018 when former Cisco executive chairman John Chambers’ venture capital firm JC2 Ventures invested $5 million in the company.