July 26, 2016 By Mark Boslet
A startup studio focused on incubating cyber-security companies from the concentration of government research labs in the Washington D.C. area has attracted investment capital from Allegis Capital, Deloitte and Yahoo Japan.
The organization, DataTribe, which formally launches on Monday, opened its doors last fall and already has two companies in house, including Dragos in the industrial-controls space.
The plan is to hunt for engineering teams within government that have developed products for internal use, and then apply Silicon Valley company-building expertise to turn the initiatives commercial. Each project will receive up to $1.5 million in capital and assistance from DataTribe on product-market-fit and achieving operational efficiencies in marketing, human resources, and finance and legal functions.
DataTribe, which plans to incubate two to three companies a year, then plans to be part of a Series A.
The organization, which will focus on cyber security and big data and analytics efforts that have cyber-security components, declined to say how much capital it has attracted. Its founders include Robert Ackerman, a managing director of Allegis Capital; Mike Janke, chairman of Silent Circle and a former Navy SEAL; and Steven Witt, co-founder of Onyara.
Other investors in the effort include tech CEOs.
DataTribe could prove to be a source of deal flow for Allegis, the firm said. The firm is likely to become a Series A investor in its startups.
“This is a studio that builds companies with founders and engineers coming out of government,” said Janke. “To the best of our knowledge, nobody has really tried this.”