Real-time threat detection and prevention for connected autonomous systems
- 1. 1 Wedge Networks Real-time threat detection and prevention for connected autonomous systems. INVESTOR PRESENTATION
- 2. WHAT WE DO 2 Real-time solutions for imperceivable latency Autonomous Detection & Prevention Embedded Advanced Security for 5G enabled Networking @ the “Far Edge” Threat Detection Threat Prevention
- 3. THE OPPORTUNITY 3 1. Connected Vehicles (CV and CAV) 2. Traffic Management (ITS) 3. Critical Infrastructure/Smart Grids 4. Environmental Monitoring 5. Smart Buildings/Homes 6. Smart Cities 7. Supply Chain Management/Warehousing 8. Industrial, Agriculture and Commercial Management Source: TechTarget.com, March 30, 2022 Connected and Autonomous Systems Top 8 Applications and Examples of Connected Systems Image: ieee.org
- 4. 6 WHY NOW? The Future is today. They’re Here! Connected Autonomous Vehicles (CAV) and Intelligent Transportation Systems (ITS)
- 5. © Wedge Networks, Inc., CONFIDENTIAL -5- → Integration with BlackBerry IVYTM • BlackBerry & L-SPARK - the forefront of innovation in connected vehicle technology • Participate in BlackBerry IVYTM ecosystem • Next gen CAV use cases leveraging in-vehicle data to improve driver and passenger experiences Intelligent Traffic Systems: → EU and Canada consortium for CAV and Smart Transportation Safety Services • 5G-enabled time-critical road safety • Wedge is Chair of Canadian Cluster and leads cybersecurity efforts • Making transportation and mobility smarter, more secure, safer and greener Connected Autonomous Vehicles: → Mobility Xlab - Sweden based collaboration hub founded in 2017 to create and develop innovations with future mobility • CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group and Zenseact • Co-create solutions for safe and secure mobility • CAV’s require real-time security to ensure safety OUR ADVANTAGE CAV & ITS First Mover Advantage - Key partners
- 6. Why Real-time Threat Prevention is Critical 6 PROBLEM Connected Vehicles In-Vehicle Threats External Threats • Large expanding attack surface extending to the “Far Edge” • Increased attacks against connected systems: 400,000+ new malware/day in 2021 CAV travelling @ 100KM/hr - 1second delayed response = 28m in unintended distance
- 7. MARKET OPPORTUNITY 800M+ 7 connected light vehicles from 2020 to 2035 Mobility Xlab + Wedge BlackBerry IVY + Wedge Advanced real-time security required standard feature of CAV embedded software Electrification | Connectivity Automation OEMs must include real-time and network threat detection and prevention capabilities in their vehicles $1 per vehicle per month licensing could be worth ARR: $5.7B
- 8. 8 Critical infrastructure protection (CIP) Worth $154.59 Billion by 2027 | 6.2% CAGR Source: Fortune Business Insights, July 7, 2022 Large industrial infrastructures - requiring internet connectivity for automated operations, administration and remote monitoring: • Smart Cities • Defense • Transportation • Energy systems • Healthcare ADDITIONAL USE CASE - Market Opportunity • Finance • Telecommunications • Manufacturing • Water Systems • Many more and growing …
- 9. Strategic Partnerships & Managed Service Providers (MSPs) • $200K contracted MRR/bookings; NTM forecasting $200K to $300K MRR growth • Target - $1.0M MRR in 24 months Validated Go-2-Market Strategy
- 10. Patented high performance engines Provides deep visibility into all network traffic types and enables real-time threat prevention Patented machine learning process Enables automated detection and prevention including never-before-seen threats CANLite anomaly detection algorithm Delivers 99.9% threat detection accuracy with 50% less computing resources, for on device real-time threat detection and prevention designed for CAV and ITS Crowdsourced orchestrated threat intelligence Enables complete and up-to-date threat identification, exchange and enrichment Products are ‘software-defined’ Facilitates integration with software and hardware platforms and new operating environments from cloud to 5G enabled network edge – including BlackBerry IVY/Zenseact. 10 COMPETITIVE ADVANTAGES
- 11. 23 Thank you!
Editor's Notes
- #6: Read the header Smart City is a network of computers. Each computer can be attacked Goes beyond information security, but to : Equipment safety – light bulb Human safety – autonomous driving cars Why do we have safety issues? It is because in smart city security goes beyond IT to OT