October 9, 2024 at 05:43PM
ForAllSecure has rebranded as Mayhem Security, reflecting its growth and focus on the Mayhem Application Security platform. Specializing in AI-driven application security, the company has seen significant success, including a 275% annual revenue increase. Mayhem will continue innovating and collaborating to enhance cybersecurity solutions.
**Meeting Takeaways: ForAllSecure Changes Corporate Name to Mayhem Security**
1. **Name Change Announcement**: ForAllSecure has officially rebranded to Mayhem Security, marking a strategic shift aligned with its Mayhem Application Security platform.
2. **Origins and Evolution**: The company was founded by Carnegie Mellon researchers and has transitioned from a focus on research and education to becoming a product-driven organization centered on its AI-driven Mayhem platform.
3. **Product Achievements**:
– The Mayhem platform is now integrated into thousands of open-source projects.
– Significant growth reported with an Annual Recurring Revenue (ARR) increase of 275% year-over-year.
– 78% of customers expanded their usage of Mayhem before their subscription renewals.
4. **CEO Statement**: David Brumley emphasized the brand evolution and the significance of the Mayhem name, which has become a leader in transforming API security testing.
5. **Recent Innovations**:
– Introduction of Mayhem Dynamic software bill of materials (SBOM) for enhanced software composition analysis.
– Improved symbolic executor performance, enabling 60% faster testing and triaging.
– Added support for Windows-based applications and initiated a beta version for automated harnessing for embedded systems.
6. **Future Focus**: Mayhem Security will pursue collaborations with government and industry partners to further advance cybersecurity and enhance the automation of identifying and addressing software vulnerabilities.
7. **Website Reference**: More information is available at https://ift.tt/zF0C3JR.
This summary captures the key updates and strategic direction following the name change to Mayhem Security.