WitFoo is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$498.64 minimum investment

WitFoo

Computer Security Software

Small OPO
Atlanta, GA
Business to Business
US Investors Only
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Why WitFoo Exists

For Security Analysts

For Security Managers

WitFoo - Information Security, Leveled Up

Invest in WitFoo

"WitFoo was started by cybersecurity professionals desiring to mature the craft of incident response. Through hundreds of hours of user research of investigators and analysts and combining time-tested approaches from Law Enforcement, WitFoo Precinct was created. Precinct reduces the required labor hours for performing security investigations by more than 90% while providing detailed metrics on tools and operations that can effectively drive and validate change.


In January of 2017, WitFoo began limited sales of WitFoo Precinct closing $246k in revenue in 1H2017. The current sales pipeline consists of more than $4M in active opportunities. WitFoo is raising funding to broaden sales efforts and to increase the annual run-rate from $492k to $2M over the next 12 months and to $5M over the next 24 months. 


WitFoo Precinct is in active evaluation in Fortune 500 enterprises, world-class higher education, regional hospitals and financial institutions. It has proven effective in protecting organizations from cyber crime by providing investigators, managers and executives with the information and visibility they need to make timely and effective decisions. 


WitFoo is leveling up Cyber Security Incident Response and making the world safer. Join us in arming the good guys with better gear.

Investment
$1.84/share of Common Stock│When you invest you are betting the company’s future value will exceed $5M.


The investment is in common voting stock. WitFoo currently only issues common stock (no preferred stock exists.)


Once profitable, these shares will pay quarterly dividends.

WitFoo exists to mature the craft of cyber security operations by stabilizing the conversations of the craft.

WitFoo Success

Over the last 18 months, WitFoo has developed a product that stabilizes conversations from tools to investigators, investigators to managers and managers to executives. The product is battle tested in large global networks as well as mid-market and higher education. The intuitive interface allows less experienced investigators to quickly understand and respond to complex attacks with reporting from diverse data sources. WitFoo has built an innovative partner channel that allows WitFoo customers to receive first class pre-sales and post-sales support while allowing WitFoo to scale effectively. 


Testimonial

Success to Date


  • $246k in 1H2017 Revenue validating pricing, product and need
  • $4M in active sales opportunities
  • Product have been tested in violent networks from Fortune 500, Higher Education, healthcare and mid-market organizations.
  • Patent pending on innovative data evolution approaches.
  • Westcon/Comstor is our global distributor.
  • Nexum & Structured are first two WitFoo Gold Partners.

WitFoo Precinct - Better Gear for the Good Guys

WitFoo Precinct consists of several components that are focused on specific professionals in the craft. All components are sold as a single product. Pricing of the product can be found at https://www.witfoo.com/pricing/


Detective

Detective is the interface for the investigator. It combines all information need to understand, document and complete and investigation. Detective combines data from all security tools in an organization via integrations and Evidence Locker.

Lieutenant

Business managers are provided with detailed metrics on the effectiveness of the tools and operations of the security practice in terms that can be communicated to the business.

Evidence Locker

Evidence Locker is a clustered data infrastructure (Kafka, Elastic, Cassandra) that consumes syslog and NetFlow to store and analyze facts for use in Detective and to allow investigators to "hunt" for threats. Evidence Locker provides for custom parsing and alarming.

Library

WitFoo Library is a cloud hosted service that provides deployments with global threat and research information that accelerates investigative time and reduces noise from other security tools. Library also provides updates to definitions for Evidence Locker and Detective.

WitFoo Precinct ingests "facts" from existing security tools and infrastructure. These facts are categorized to the data domain that the investigator understands. The facts are analyzed using best practices of security investigators to eliminate noise and create "leads" that are assigned suspicion scores that model human perception. The leads are evaluated against an attacker's modus operandi. Dozens or hundreds of leads are combined into single investigative units called "incidents." Through this process and the investigator's workflow, organic metrics are collected and rendered for managers to understand the state of the security practice.

WitFoo Precinct Demo

View the video demonstration of WitFoo Precinct in action.

WitFoo Precinct Key Features

  • Collects, stores and analyzes syslog and NetFlow from the infrastructure
  • Connects to existing security tools to combine and evolve data to reduce investigative labor by more than 90%
  • Utilizes both playbook automation and human suspicion learning to automate and prioritize investigations.
  • Consolidated, single-pane that allows for complete investigations
  • Reporting of tool gap, overlap and noise ratios
  • Reporting on investigative failure rates and risk
  • Reporting on security personnel contributions to security operations
  • Reporting on MTTR and MTTK over time
  • ElasticSearch interface custom built for security operations
  • Full horizontal clustering of data processing and storage
  • Simple, no-haggle pricing
  • Integrated threat intelligence feeds

Cybersecurity Market and Pain

Cybersecurity spending will exceed $120B in 2017. The spending is driven by increasing damages and losses caused by cybercrime. WitFoo fills a critical gap by solving how cybersecurity work is done and how the data is handled. WitFoo stabilizes conversations between security teams, managers, exutives and the broader business.

Why Cybersecurity Is Failing

In the Cisco 2017 Annual Cybersecurity Report, cybersecurity managers and executives were polled on "What is you biggest obstacle to security success?" Four of the most common responses are below:

  • 28% - Compatibility Issues
  • 23% - Current Workload too Heavy
  • 22% - Reluctance to Purchase Until [product] is proven
  • 17% - Security is not an Executive Level Priority

WitFoo addresses Compatibility Issues by combining data from diverse systems into a common, intuitive vernacular and interface. Workloads are reduced through noise reduction, alarm consolidation and data evolution. These approaches reduce requisite labor hour by more than 90%. Proving product effectiveness is provided in real time as every product output is evaluated using the logic of experienced investigators and the work being completed. Executive priorities are immediately adjusted when concrete, business metrics are delivered via WitFoo reporting.


WitFoo Precinct is built by security professionals, for security professionals to solve the fundamental operational and strategic challenges facing every security practice today.

 

WitFookin

Offering Summary

Maximum 58,152 shares of common stock ($106,999.68)

Minimum 5,434 shares of common stock ($9,998.56)


Company
WitFoo, Inc.
 

Corporate Address
1155 Mt Vernon Hwy NE Suite 800 Atlanta, GA 30338
 

Description of Business
WitFoo builds software that allows Cyber Security Incident Response operations to function effectively. The software suite is called Precinct. It 1) processes all cyber security information in an organization 2) coordinates the investigative workflows and 3) provides detailed business metrics that detail risk, efficiency and gaps in the security practice.

 

Type of Security Offered
Common Shares
 
Purchase Price of Security Offered
$1.84
 

Minimum Investment Amount (per investor)
$498.64










Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$20,358.62 USD
$0.00 USD
Cash And Cash Equivalents
$18,858.62 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$17,229.04 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$102,319.15 USD
$0.00 USD
Taxes Paid
$7,689.17 USD
$0.00 USD
Net Income
-$363,370.42 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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