Michael Steep Joins CloudCover as Advisor of Innovation Strategy

Published: October 19, 2022 Author: John Riordan

Michael Steep joins CloudCover as Advisor of Innovation Strategy.

MINNEAPOLIS and RESTON, Va., July 28, 2022 (GLOBE NEWSWIRE) — CloudCover®, the company reinventing cybersecurity by creating an end-to-end network-centric cybersecurity embedded cyber insurance technology platform, has announced the addition of the senior global executive, Michael Steep, as its Advisor of Innovation Strategy. Mr. Steep recently served as Stanford University’s Executive Director for the Disruptive Technologies and Digital Cities Program and Adjunct Professor at the engineering school.

Throughout his career as an operating executive, Mr. Steep has successfully built, managed, and transformed international organizations by leveraging the power of emerging technologies to deliver fully integrated, scalable, and practical approaches to innovation. Mr. Steep excels at leveraging strategic alliances and extensive, high-level networks to drive new revenue opportunities. His strengths include executing a broad range of technology initiatives and joint ventures in areas of big data, predictive algorithms, cloud, location-based services, and mobile.

“We are most honored to have Mr. Steep join CloudCover to advise on our strategy, operations, and venture financing.” said Stephen Cardot, CEO of CloudCover “Mr. Steep joins us at our most critically important time for both CloudCover and the Cyber Insurance industry.”

Before joining Stanford in 2017, Mr. Steep worked as Senior Vice President of Global Business Operations at PARC, a Xerox Company. As SVP, he oversaw corporate and P&L management for Commercial and innovation services – with a focus on transforming their commercial business model into a sustainable growth engine. He also managed business development, sales, corporate strategy, intellectual property, marketing, and strategic alliances. While at PARC, he helped Fortune Group companies transform early-stage technologies into new revenue-generating business models crossing predictive analytics, AI, privacy preserving analytics, and radical new hardware technologies for low-cost sensor development used in autonomous vehicles and IoT. He also developed new approaches for car companies to understand human behavior and emotion through imaging technologies.

Mr. Steep also has over 35 years of experience working with Asian partners, developing Apple’s business strategy for China and Japan, starting IBM’s Lexmark Japanese KK, and entering partnership agreements with a wide range of partners including Fujitsu, Canon, Daikin, and Japan Rail. He has also served on European smart city boards including City of London.

“CloudCover has invented an entirely new approach to both cyber security and insurance with its nearly 35 patents on technical architecture. Their millisecond interception of cyber-attacks, ability to assess damage before it happens, and then provide insurance is a breakthrough for the industry,” said Michael Steep.

About CloudCover

CloudCover® is a full-telemetry network-centric X-NDR embedded cybersecurity-insured platform. CloudCover’s B1 (CC/B1) is a cyber insurance-embedded security solution that delivers extended network security, orchestration, automation, response (SOAR) in real-time as a risk aware-based security-as-a-service (SaaS) threat prevention platform. The CC/B1 is a security layer to a company’s existing cybersecurity stack, automatically detecting and blocking malicious traffic, including multi-directional egress-ingress and east-west encrypted traffic. To learn more, visit cloudcover.cc or follow us on LinkedIn.

Contact: John Riordan, CMO