Factories, hospitals, and airports need cybersecurity that respects the machinery. Claroty has built its business around a difficult promise: find the risk without stopping the work.
BeyondTrust spent four decades assembling the locks, vaults and cameras of enterprise access. Its next act is harder: proving one platform can govern humans, machines and AI agents without becoming another all-powerful key.
Its direct-routed Zero Trust software promised to remove the chokepoints created by legacy VPNs. After a public-market detour ended in Chapter 11, Appgate is testing whether a cleaner balance sheet can do the same for the business.
Admin By Request is betting that the safest administrator account is the one that disappears when the work is done. Its lightweight platform turns permanent privilege into a temporary, logged and policy-checked event.
Dispel is an Austin, Texas-based operational technology (OT) cybersecurity company that builds a Zero Trust Engine for industrial control systems. Its platform combines secure remote access, real-time industrial data streaming, unified OT connectivity (OTFusion), and 24/7 threat monitoring, all built around Moving Target Defense - a technique that constantly shifts network paths so attackers never get a stable target. Dispel lets manufacturers, utilities, energy operators, and government agencies give vendors and engineers fast, audited access to plant equipment without the friction of legacy VPNs and jump boxes.

Ian Schmertzler is co-CEO and co-founder of Dispel, an operational-technology cybersecurity company he started in 2015 with his brother Ethan. A Yale-trained industrial engineer and former crew coxswain, Ian helped build Dispel's zero trust platform around Moving Target Defense - a system that keeps shifting network access points so attackers never find a static target. He serves as a principal investigator on three NIST National Cybersecurity Center of Excellence projects and as vice president of the National Defense Industrial Association's NY-CT chapter, working to keep factories, water utilities, and power grids running quietly and safely.