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In just a few weeks , Group - IB will be celebrate its twentieth birthday . It ’s a momentous occasion for the controversy - deflower threat intelligence company , which help administration and governmentsinvestigate cyberattacksand online fraud . And Group - IB is planning to celebrate in style .
In an exclusive audience , Group - IB co - father and CEO Dmitry Volkov tells TechCrunch that the company is using this “ key critical point ” to scale up and become a global cybersecurity powerhouse ; not only is Group - IB celebrating the two - X milestone by arouse its first round of funding in seven years — it ’s also plan to make its mark in the United States .
A rocky few years
Group - IB may have big architectural plan coming up , but the party has n’t had much to celebrate in recent years .
Back in September 2021 , Group - IB ’s co - founder and former CEO Ilya Sachkov wasarrestedby Russia ’s Federal Security Service , and since convict of treason by a Moscow court and doom to 14 years in prison house . Investigators have said Sachkov was suspected of fleet classified information to a foreign country , but no other details about the guinea pig have been revealed .
Sachkov ’s arrest came after the 37 - year - one-time cybersecurity expert spearheaded a move of Group - IB ’s headquartersfrom Russia to Singaporeafter the U.S. administration accused Moscow of tamper in the 2016 U.S. presidential election . Sachkov , who had been critical of the Russian government in the yesteryear , allege at the time that moving to Singapore was part of the company ’s efforts to uprise its business and continue independent .
calendar month after Sachkov ’s arrest , Group - IB — now head by Volkov — further distanced itself from Russia by announcing it was leave behind the country entirely . Group - IB , once seen as a glitter star in Russia ’s home - raise technical school industry , completedits going from Russiain April .
Volkov says that while Group - IB never kept privy that it was founded in Russia , it was clean the company ’s ties to the country were harming its relationship with international clients — particularly following Russia ’s invasion of Ukraine in February 2022 .
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Volkov sold his stake in Group - IB ’s Russia - base business to the company ’s local management , and the standalone Russian business now operates under the brand F.A.C.C.T. Group - IB ’s branding and trademarks will give up to be in operation in Russia by the destruction of 2023 .
Group - IB is a provider of proprietary cybersecurity answer that helps organizations prevent cyberattacks , breaches and online fraud . The caller counts over 500 go-ahead client , including delivery giant DHL and Bulgarian banking giant DSK Bank , and tells TechCrunch that it make almost 40 % of its income from the APAC area .
The company also says it persist the largest computer forensics laboratory in Eastern Europe , where its investigator identify suspects and collect and analyze grounds on the cybercrime scene . The company , which partners with law enforcement agencies including Interpol and Europol , say it has so far carried out 1,300 successful investigating .
When it first announce its expiration from the Russian market , Group - IB enunciate it was focus on expanding its presence in the Asia - Pacific and in-between Eastern markets , where it signify to open novel digital crime opposition centers , or DCRCs , to protect its clients against targeted cyberattacks .
The company is now look to create a global net of independent DCRCs , each equipped with the expertness to tax the local specificities and threat landscape of the region on which they are establish . Volkov enjoin TechCrunch that Group - IB design to enter the Latin American market in 2024 , before expanding to the United States in 2026 .
Global domination
Group - IB is an outlier in the cybersecurity industry . While it ’s not the only technology company to have die Russia in recent years , it is one of a few to remain self - sufficient . The society raised a small $ 1 million in 2016 and has since trust on organic tax revenue to grow its business by 50 % class - on - twelvemonth , Volkov tells TechCrunch .
To expand globally , the ship’s company is looking to upgrade for the first time in seven years . “ We need to speed up our business and applied science growth , and it ’s plausibly a skilful present moment for us to raise now , ” Volkov said . He add that the caller was “ already in conversation ” with some potential strategic partner , though he would n’t be push on who .
This financial support will fuel Group - IB ’s enlargement into the Americas and its ambitions to build DCRCs in every region to become a “ decentralised company . ”
“ If you look at other cybersecurity companies , they are always very centralized , ” Volkov allege . “ We want to make every single point of presence of Group - IB as autonomous as possible . ”
Group - IB ’s expansion plans come as other cybersecurity vendor are laying off faculty . The company design to use this time to recruit expert experts in various regions , who would be responsible for digital forensics , incident and emergency response and cyber forensics . ( Volkov added that all potential campaigner would undergo a polygraph . “ Everyone — no matter what sort of part — must do a Trygve Halvden Lie demodulator . ” ) Once the company starts to make for in revenue from that region , Group - IB will add layers , such as scourge word , and then “ retroflex ” the same set - up in another region .
Volkov says the party has already get down to hire in Latin America .
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