Intezer, an Israeli startup building technology to automate monotonous security operations tasks, has deposited $33 million in a new investment round led by Norwest Venture Partners.
This latest investment brings the total capital raised by Intezer $60 million and comes as buyers and sellers race to find AI-powered solutions to alert fatigue, security staff shortages and expanding attack surfaces.
In addition to Norwest Venture Partners, Intezer said the Series C was provided by Intel Capital, OpenView and Magma.
Intezer, which maintains dual headquarters in Tel Aviv and New York City, believes there’s a booming market for AI tooling to address the severe shortage of skilled cybersecurity professionals.
The company cited data from the World Economic Forum showing a staggering gap of nearly four million workers needed to fill cybersecurity positions globally, with 71% of organizations struggling with unfilled roles.
With new investment in hand, Intezer is positioning its Autonomous SOC (Security Operations Center) platform and an AI-driven system designed to simulate the decision-making process of human analysts, effectively acting as an extension of security teams.
“I know what it’s like to work in SOC and incident response teams, while every day you have too much work, too many alerts, and not enough people. [We] built Intezer with a mission to arm security professionals with AI and automation to virtually extend their capacity by 10x,” said Itai Tevet, CEO and co-founder of Intezer.
Intezer said its platform provides integration with existing security tools and has been fitted with features to handle automatic investigation of various alerts (endpoint, SIEM, user-reported phishing), triage of new alerts within two minutes, automatic resolution of false positives, and escalation of only 4% of alerts to human SOC teams, with clear findings and recommended actions.
The company plans to use the new capital on R&D and to speed up growth in the emerging AI SOC category.
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