Could This Be The Next Palantir?
- Cybersecurity is one of the hottest investment themes right now, and for good reason. With cyber threats exploding, companies and governments can’t afford to cut corners. That’s why cybersecurity spending is booming—even in a shaky economy.
Cybersecurity’s Big Moment – And One Small Stock Set to Benefit
Cybersecurity’s Big Moment – And One Small Stock Set to Benefit
Cybersecurity is one of the hottest investment themes right now, and for good reason. With cyber threats exploding, companies and governments can’t afford to cut corners. That’s why cybersecurity spending is booming—even in a shaky economy.
Washington is all-in on cyber defense. Support is strong on both sides of the aisle, and with Trump back at the helm, we can expect even more pro-cybersecurity policies. Back in 2018, he launched America’s first national cyber strategy and cracked down on foreign tech threats—a hardline approach that Biden continued to enforce. This is great news for U.S.-based cybersecurity firms.
Meanwhile, companies are spending more than ever to stay ahead of hackers. Major breaches like SolarWinds and Colonial Pipeline turned cybersecurity from an IT issue into a boardroom priority. The numbers speak for themselves: cybersecurity accounted for 11.6% of IT budgets in 2023, up from 8.6% in 2020, and the U.S. government just hiked its federal cybersecurity budget by 10% (Ians Research).
Defending against hackers isn’t optional anymore.
And the threats? They’re only getting worse. AP News estimates cybercrime is on track to cost the world $10.5 trillion annually by 2025. Ransomware attacks alone jumped 50% last year, per Security Magazine. Businesses, government agencies, and critical infrastructure are all under siege. That means one thing: demand for cybersecurity solutions is soaring.
This is a sponsored report for Plurilock Security Inc. See disclaimer below.
Enter Plurilock Security (TSXV:PLUR)…
That’s where Plurilock Security Inc. comes in…keep reading to learn more.
Plurilock Security: Government-Grade Identity Security
Plurilock Security (TSXV: PLUR) isn’t a household name, but it’s quietly becoming a go-to cybersecurity provider for government agencies.
Its specialty? Identity-centric security—using AI to ensure that the person behind a login is who they claim to be. By analyzing behavior patterns like typing and mouse movements, Plurilock delivers real-time fraud detection without disrupting legitimate users. That’s a perfect fit for the U.S. government’s Zero Trust approach: “never trust, always verify”.
Plurilock’s edge? Deep government ties. Through subsidiaries Aurora Systems and Integra Networks, it’s landed prime spots on federal procurement programs, including NASA’s SEWP V, a “fast pass” for selling to U.S. agencies. NASA recently extended SEWP V through 2025, keeping Plurilock in the game for big contracts.
Recent wins include a five-year deal with U.S. Cyber Command, another contract with the U.S. Navy, and a Canadian government deal—together worth C$1.3M. While not massive in dollar terms, these contracts reinforce Plurilock’s credibility as a trusted government supplier.
CEO Ian Paterson sums it up: “We’re a key IT and cybersecurity supplier to some of the most security-conscious government entities in North America.”
Punching Above Its Weight in AI-Powered Cybersecurity
So, what makes Plurilock stand out in a crowded cybersecurity market?
Simple: AI-driven identity security.
While most firms focus on firewalls and antivirus, Plurilock zeroes in on verifying who’s actually behind the keyboard. Its patented tech analyzes behavior (like typing speed or mouse movements) to detect impostors—even if they have stolen login credentials. With remote work on the rise, this continuous authentication is crucial.
Plurilock was built for Zero Trust, the gold standard in cybersecurity. The framework demands constant user verification, and Plurilock’s AI-powered system delivers just that.
Strategic Partnerships Give Plurilock an Extra Edge
In 2024, it teamed up with CrowdStrike, integrating its Falcon platform for enhanced endpoint security. Being trusted by a $40B+ cybersecurity giant boosts Plurilock’s credibility and opens doors to new deals.
Another key ally? TD SYNNEX, a Fortune 500 distributor that expands Plurilock’s reach without inflating its salesforce.
Plurilock isn’t trying to do everything in cybersecurity. Instead, it’s doubling down on identity and access security, leveraging AI and key partnerships to compete for contracts that might otherwise go to bigger players.
Plurilock’s Big Deals Are Changing the Game
Nothing proves a cybersecurity company’s worth like major contract wins—and Plurilock is stacking them up.
The biggest? A record-breaking $19.3M deal with an S&P 500 semiconductor giant in October 2024. This multi-year contract helped drive Q4 2024 revenue to $28.3M, more than the first three quarters combined.
Beyond semiconductors, Plurilock has been closing deals across industries—$22M from one client in eight months, plus new contracts in law enforcement and critical infrastructure.
More importantly, these deals are shifting Plurilock toward high-margin services and software. Instead of low-margin reselling, contracts now include architecture design, managed services, and multi-year renewals.
That means stickier, recurring revenue—a key signal of long-term growth.
Why the Best May Be Yet to Come
Plurilock’s past wins are impressive, but what’s next could be even bigger. Key growth catalysts suggest upside ahead. There are 5 things to look out for:
- Government Cyber Boom – Billions in federal funding and SEWP VI positioning.
- Enterprise & Critical Infrastructure – Expanding from semiconductors to energy and pipelines.
- Partnerships & Expansion – CrowdStrike and TD SYNNEX enhance credibility and reach.
- Path to Profitability – Improving margins could flip the company into the black.
- Secular Cyber Growth – Cyber threats rising, demand soaring—Plurilock just needs to execute.
The setup is there. The question is whether Plurilock capitalizes.