Code42 is a cybersecurity startup that specializes in data protection against insider threats. Their primary product, Incydr, is designed to identify patterns and behaviors that suggest an insider might be moving data to untrusted systems. This proactive approach allows companies to anticipate potential threats rather than reacting to them after the fact.

Code42 operates in the cybersecurity market, serving clients across various industries that are concerned about data protection. Their clientele includes companies like Snowflake, which rely on Code42 to safeguard their sensitive information.

The business model of Code42 is based on a Software as a Service (SaaS) solution. This means that clients subscribe to their services, typically on a monthly or annual basis, and access the software over the internet. This model allows for regular updates and improvements, ensuring that clients always have the most up-to-date protection against insider threats.

Code42 generates revenue through these subscriptions to their Incydr software. The cost of their service is justified by the potential savings for companies. According to Code42's 2023 Data Exposure Report, the average cost of an insider incident is a staggering $16 million. By providing effective data protection, Code42 helps companies avoid these costly incidents.

Keywords: Code42, cybersecurity, data protection, insider threats, SaaS, subscription model, Incydr, data exfiltration, data exposure, cybersecurity market.