Software security startup Vulcan Cyber raises $34M to fuel product innovation

Software security startup Vulcan Cyber raises $34M to fuel product innovation

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Israeli software security startup Vulcan Cyber Ltd. today announced that it has raised an additional $34 million in funding to fuel continued product innovation and expand into new markets.

Founded in 2018 and based in Tel Aviv, Vulcan Cyber specializes in helping enterprises detect and fix vulnerabilities in their software stack and code. The company offers a vulnerability assessment platform designed not only to identify weaknesses in a company’s systems but also to figure out how to fix them.

The Vulcan Cyber cyber risk management platform is built to help businesses reduce vulnerability and asset risk through measurable and efficient attack surface security. The company orchestrates and tracks the vulnerability remediation lifecycle from scan to fix by aggregating risk and asset data. In doing so, it prioritizes vulnerabilities using business context to curate and deliver the best remedies and to automate the mitigation processes through the last mile of remediation.

The company’s platform supports comprehensive exposure management beyond traditional vulnerability management by including application security posture management, cyber asset attack surface management, risk-based vulnerability management and exposure and risk analytics.

Vulcan Cyber customers use the platform’s capabilities to reduce the most critical attack surface risk and improve overall cyber hygiene by integrating hundreds of security tools and data sources to rationalize spending and help customers get the most out of the investments. The platform offers a composite view of the customer’s unique cyber risk exposure across all attack surfaces using business and asset contexts.

Other features of the platform include the ability to identify attack paths associated with “cyber crown jewels” and asset interdependencies for vulnerability risk prioritization and holistic security posture management. Task automation and orchestration allow for vulnerability risk mitigation campaigns at scale, with machine learning and artificial intelligence used to generate vulnerability remediation instructions for asset owners and operations teams.

The new funding is an extension of a Series B round of $21 million Vulcan Cyber raised in March 2021. Maor Investments LLC and Ten Eleven Ventures LLC led the extended round, with existing investors Dawn Capital Inc. and Wipro Ventures LLC also participating.

“Efficient collaboration between security, engineering, operations teams and asset owners is essential. Orchestration and automation of remediation tasks at enterprise scale is critical,” co-founder and Chief Executive Yaniv Bar-Dayan said ahead of the announcement. “This round of funding will help Vulcan Cyber deliver on its vision to help customers align vulnerability risk management efforts with business priorities.”

Including the new funding, Vulcan Cyber has raised about $69 million to date, including a $10 million round in June 2019.

Image: Vulcan Cyber

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