🦄 Unicorner Startup of the Week:

XeneX

✍️ Notes from the Editors

Today's article is brought to you by Qnetic. Invest in revolutionary energy storage technology to decarbonise the grid.

In an epic moment for the Unicorner community, we’re excited to present both a company cover and a contributor who we met at the same Tech Week event we hosted in Los Angeles.

This week’s contributor, Maguire Papay, is the founder of Hokyo AI, a search engine for your internal engineering data—you can follow his journey online.

- Ethan and Arek 🦄

Security Operations Center as a Service (SOCaaS)

XeneX (aka Cloud Access) is a cybersecurity software firm specializing in Security Operations Center as a Service (SOCaaS). It offers a comprehensive, cloud-based security solution that integrates over 15 security tools and supports more than 700 data connectors, all through a single pane of glass interface. Its services are designed to provide 24/7 threat detection and response, phishing training, endpoint security, backup and restore, disaster recovery, and compliance monitoring.

XeneX primarily sells to Managed Service Providers (MSPs), which are third parties that manage entire non-core functionality for their customers like IT, cybersecurity, or human resources. XeneX also helps MSPs purchase cyber insurance on more agreeable terms through its relationship with underwriters and trust of the XeneX platform. XeneX's services meet various compliance standards, including PCI DSS, HIPAA, GDPR, NIST 800-53, and others.

🔗 Check it out: xenexsoc.com

In partnership with

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💰 Business Model

XeneX primarily sells to MSPs and has several package-based options: it offers silver, gold, and platinum tiers depending on how many endpoints need to be secured and what resources need monitoring. Its customers pay monthly or annual subscriptions and use XeneX to offer a whole suite of capabilities to their own customers.

📈 Traction and Fundraising

📖 Founder Story

💼 Opportunities

🔮 Our Analysis

Cybersecurity has become increasingly important as work continues to migrate online and into the cloud. It’s a difficult and intricate subject with severe repercussions for mistakes. Businesses who would prefer to focus on their core competencies need to find trusted sources to manage their cybersecurity posture, a problem many are turning to MSPs for. Given the ever-growing need for cybersecurity solutions, XeneX is uniquely positioned to provide a comprehensive platform to MSPs, allowing them to better service their own customers. 

XeneX’s software is a robust, performance-optimized cybersecurity solution developed over years to handle complex tasks with exceptional efficiency. Compared to other products on the market, XeneX has a wide variety of capabilities all packaged into one place, making it easy for MSPs to service their customers without using multiple vendors or hiring specialty personnel. XeneX has put considerable effort into building its software agnostic to the types of data it is monitoring, allowing MSPs who choose XeneX to future-proof themselves. 

The landscape for this market is incredibly complex, both in technical challenges and business strategies. CEO Kevin Nikkhoo is a seasoned veteran and has been pioneering in the cybersecurity space since 2005. Under his leadership, the company is continuing to grow and expand its market share, with plans to move global. Strong leadership and a trusted platform give us confidence that XeneX will continue to grow.

📚 Further reading

Written by Maguire Papay

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Unicorner has been compensated by Qnetic for publicizing the offering of Qnetic’s crowdfunding round. Read the full 17(b) disclosure on our website.

Nothing in this email constitutes investment or legal advice. Readers should conduct their own research before making investment decisions.