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12/11/2019
03:45 PM
Sara Peters
Sara Peters
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The Next Security Silicon Valley: Coming to a City Near You?

The high cost of doing business in California's San Francisco Bay Area is just one factor driving infosec companies - established and and startups, alike - to pursue their fortunes elsewhere. Here's where many are going.

(Image: footagemaker2018/Adobe Stock)
(Image: footagemaker2018/Adobe Stock)

Honorable Mentions

Tokyo: Japan's capital city is home to cybersecurity giant Trend Micro, as well as SoftBank, which has recently made major security and technical investments across the globe. Tanner Johnson, senior research analyst for IHS Markit, also puts Japan on his watchlist because the country is not only a "US-centric stepping stone into the Asia-Pacific” but also is "promoting more cybersecurity diligence." He notes that in preparation for the 2020 Tokyo Olympics, the nation is doing a cybersecurity audit of 200 million connected devices.

Maharashtra, India: The western state of Maharashtra includes Mumbai and Pune. Symantec and Cisco Security are there as well as CrowdStrike, which is listing over 15 job openings in the area.  

Ann Arbor, Michigan/USA: "Duo Security kind of put [Ann Arbor] in the spotlight," says Ovum senior analyst Eric Parizo. "Lot of cyber talent there and obviously the University of Michigan as well."

Utah/USA: Major infosec giants Symantec and FireEye already have offices in Draper, Utah. The state also houses Centrify and Idaptive, two of Forbes' top 10 cybersecurity startups to watch.

Vancouver, British Columbia, Canada: "Vancouver is an interesting hub, particularly for IoT/OT security," says Jeff Wilson, senior research director and adviser for IHS Markit. "I think most of the activity started in the university, but it spawned startups like Tofino and Wurldtech that were acquired ([by Belden and GE], and several major cybersecurity companies base their threat research operations out of Vancouver, including Fortinet.”

Wilson notes that Fortinet also recently built a FortiGuard Labs facility elsewhere in British Columbia, and that the region's closeness to Seattle is a benefit.  

Beijing, China: Foreign cybersecurity investments in China have cooled off, according to recent research from SCV Ventures. Nevertheless, Thomas says that some Chinese industry leaders believe they can stake a claim in the global cybersecurity market, despite increasing fears of cyber-espionage, IP theft, and state-sponsored disinformation campaigns. Beijing is home to China's first threat intelligence company, ThreatBook Labs, as well as Qihoo 360, China's largest provider of cybersecurity solutions, which just announced it will jointly open a cybersecurity technology innovation center with Israel. There are also new startups in China deliberately aiming to serve markets outside the Great Firewall.

(Continued on next page)

Sara Peters is Senior Editor at Dark Reading and formerly the editor-in-chief of Enterprise Efficiency. Prior that she was senior editor for the Computer Security Institute, writing and speaking about virtualization, identity management, cybersecurity law, and a myriad ... View Full Bio

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