Vulcan Cyber, an Israel-based developer of a vulnerability remediation orchestration platform for the application and cloud security, has now secured $21 million in a Series B funding round.
Vulcan Cyber is founded by the Taniv Bar. It has developed a vulnerability remediation orchestration platform built to help businesses reduce cyber risk through the measurable cloud and application security. The platform orchestrates and tracks the remediation lifecycle from the scan to fix by prioritizing vulnerabilities, delivering and curating the best remedies, and automating processes and fixes via the last mile of remediation.
“The launch of Vulcan Free underscores the Vulcan Cyber philosophy that vulnerability prioritization is not an end goal, but simply one element in proper remediation. Vulcan Free changes decades-old market dynamics that only focus on vulnerability identification instead of driving remediation outcomes. Remediation orchestration is the only viable way to deliberately align vulnerability management with the needs of digital business and cloud and application environments,” said Yaniv Bar-Dayan, Vulcan Cyber CEO and co-founder. “This round of funding allows us to make these critical security tools available to more organizations free of cost, so they can get fix done.”
Mason said, “Vulcan Cyber has seen explosive growth over the last year, signing landmark customers across every vertical. As attack surfaces continue to grow exponentially, the Vulcan Cyber next-generation solution resonates powerfully with an IT security market that has historically lacked effective vulnerability management tools. Vulcan Cyber makes it possible to actually remediate vulnerabilities by fostering collaboration across teams and automating the work of remediation from scan to fix. We are thrilled to be supporting the team to deliver this new stratum of security solutions.”
Vulcan Cyber latest funding
The round was backed by the Dawn Capital with participation from the Wipro Ventures and existing Vulcan Cyber Investors, Ten Eleven Ventures, and YL Ventures.
Post funding, Henry Mason, the Managing Director at the Dawn Capital Principal, will now be going to join as the John Brennan, and Mark Hatfield, The Founder and Managing Partner at the Tele Eleven Ventures, will now going to join as the Board of Directors team.
The company as of now has plans to use the new funds to enhance direct sales, managed security service provider and expand its channel program, accelerate product R&D, enhance its freemium strategy with the Remedy Cloud, a free database of vulnerability intelligence, and introduce Vulcan Free, a free risk vulnerability management platform for the vulnerability and cyber risk prioritization.
Also Read: WhatsApp, Facebook, Instagram went down