Columbus Collaboratory backers investing another $14M for cybersecurity and data analytics

Photo via bizjournal.com

Story excerpt provided by Columbus Business First. Written by Carrie Ghose.

Seven Central Ohio corporate titans are putting another $14 million in Columbus Collaboratory LLC, the cybersecurity and data analytics firm they jointly formed four years ago.

The Collaboratory was incorporated in early 2014 with a $33 million, four-year budget from a $5 million Ohio Third Frontier grant and $4 million each from the seven owners: American Electric Power Company Inc., Battelle, Cardinal Health Inc., Huntington Bancshares Inc., L Brands Inc., Nationwide Mutual Insurance Co. and OhioHealth Corp.

The premise was to develop software and services that solve common problems among their different industries, chiefly cybersecurity and data analytics. An electric utility wouldn’t care how to measure the rate of cardiac patients administered aspirin in a hospital ER, but both want to know how to detect hacking threats and improve customer service.

Click here to read the complete article. Originally published May 31, 2018.

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