Photo - WEBGAP
49781

WEBGAP

Physical isolation from browser based cyberattacks.

USA, California
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 12.10.2020
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Idea

WEBGAP physically isolates its users from malware, ransomware, and cyberattacks by physically isolating their browser and browsing activity away from their local machines.

Current Status

After a private beta program with PayPal, Booz Allen Hamilton, and the Canadian Military, we are currently in public beta.

We have received three acquisition offers from Cisco, McAfee, and Netskope that we turned down in favor of value creation.

Market

There are 287 million internet users in the USA and 124 million of them use the internet at work daily. According to Gartner, 20% of US-based organizations will deploy a remote browsing solution to approximately 25 million users in the US by 2023. The key to capturing these users is lowering the cost of remote browsers to the point where they become inexpensive enough for the mainstream to adopt them. Conservatively we believe that our total addressable market consists of 41 million users (30%) and that our serviceable obtainable market consists of 12 million users (10%).

Problem or Opportunity

Primary Problem: We solved the primary problem of the browser being one of the biggest sources of malware infection by physically isolating our user's browsing activity away from their local machines.

Secondary Problem: We solved the problem of cost and scale in browser isolation by building a platform that can handle millions of simultaneous users and by lowering the costs down to cents per user per month. Large enterprises are already isolating their browsing activity, but they lack a cost-effective and scalable way to do so.

Solution (product or service)

We provide our customers with disposable cloud-hosted remote browsers that they can use to safely surf the internet on without worrying about picking up malware infections. We provide our business customers with a native solution to physically isolate their user's browsing activity while using their local native browsers and without them noticing a change in user experience.

Competitors

Menlo Security
Bromium
Garrison Security

Advantages or differentiators

We take a fully containerized and distributed approach to browser isolation, unlike our competitors who take a VDI (virtualization) and SAN centralized approach to browser isolation, it means we need roughly 10x less infrastructure than our competitors. We also uniquely take the DOM-based approach to display presentation meaning we can provide a native browser user experience that works with any browser, no plugins or downloads required.

Finance

SaaS-based subscription model, we bill out at between $5-10 per user per month and our costs are around the 50c per user per month mark.

Business model

We are currently in public beta preparing for an enterprise release and initially, we will be selling directly to the customer, before later expanding into the channel.

Money will be spent on

Mostly development, hiring engineers.

Offer for investor

We are raising finance using convertible notes with a 20-30% discount for early investors.

Team or Management

Risks

Our competitor Menlo Security raised $350m in investment and Symantec bought our competitor FireGlass for $250m, meaning we have some VERY large competitors in the field.

Incubation/Acceleration programs accomplishment

We are in the process of being inducted into the Kaspersky Open Innovation Program for startups.

Won the competition and other awards

We recently won the Enterprise Security Magazines Top Ten Web Security Solution Award.

Invention/Patent

We are in the process of filing our patents with our patent lawyer.

Photos

Photo 1 - Physical isolation from browser based cyberattacks.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video