Bandura, a producer of the U.S. Defense-tested PoliWall cyber security technology, is establishing its headquarters at the Cambrigdge Innovation Center within the Cortex Innovation Community in St. Louis, Missouri.
“We were considering office space in Silicon Valley and New York, but ultimately decided that St. Louis’ central geographic location is perfect for our market expansion plans,” said Suzanne Magee, CEO at Bandura. “Calling the Cortex Innovation Community home means we are within arms reach of major research universities as well as worldclass business and engineering talent all packaged together in newly renovated space.”
According to the Missouri Department of Economic Development, Bandura will be growing revenue and scaling operations in St. Louis as it expands its presence in domestic and global markets, including India and South Korea. PoliWall identifies and consolidates threat information from both inside and outside networks, and signals immediate action to respond to the threat and stop data loss in near real time. PoliWall’s patent and patent-pending REACT threat intelligence consolidation server uses highspeed machine-to-machine interface to send its automated response.
“Bandura is a great addition to the CIC-St. Louis community, as its team is already very active in our programming efforts,” said Dougan Sherwood, Managing Director of CIC-St. Louis. “Bandura is an important contributor to our entrepreneurial ecosystem and we’re thrilled to officially welcome them.”
Bandura’s move to St. Louis was possible through the support from the Missouri Technology Corporation. In addition, Bandura has been approved for financing through the Missouri IDEA funds to match investment in Bandura’s scale-up initiative. One of the criteria for receipt of the MTC IDEA program funds is location in Missouri.
“Entrepreneurship is vital to growing Missouri’s economy. These are the folks that are changing and sculpting our world as well as creating jobs in our communities,” says Mike Downing, Director of the Missouri Department of Economic Development. “Investments like this will assist in attracting talent and ideas to the state as well as add to the abundant resources and supportive infrastructure that fosters growth in the entrepreneurial community.”