Security Experts:

Investors Bet on Cyberpion in Attack Surface Management Space

Attack surface management specialists Cyberpion has secured $27 million in early-stage funding to build technology that helps organizations manage exposure to risk.

Cyperpion, which maintains headquarters in Tel Aviv, Israel, said the Series A investment was led by U.S. Venture Partners.  Existing investors Team8 Capital and Hyperwise Ventures also participated in the round.

Cyberpion emerged from stealth less than two years ago with technology promising to help enterprise defenders with an extensive inventory of digital assets and tools to manage security assessments on a continuous basis.

The attack surface management space is becoming crowded with multiple startups jostling for a piece of the pie.  Even amidst this competition, investors are continuing to bet there’s big profits to be made by combining asset discovery, asset management, patch management, shadow IT into subscription packages.

[ READ: Online Infrastructure Security Firm Cyberpion Emerges From Stealth ]

According to data from Cyberpion, approximately two thirds of Fortune 500 companies’ IT infrastructure exists outside their organization, a quarter of which were found to have known vulnerabilities that threat actors could infiltrate to access sensitive employee or customer data.

"External attack surface management has been clearly established as a cybersecurity domain since we emerged from stealth 18 months ago," says Cyberpion co-founder and chief executive Nethanel Gelernter.

"We've simplified a complex task of helping enterprises reduce the risk exposure derived from the unknown and uncontrolled by mitigating vulnerabilities across the entire digital supply chain," he added.

Gelernter said the company would use the new cash to double its employee headcount in engineering, research and sales.

Cyberpion has raised a total of $35 million since its launch in 2016.

Related: Online Infrastructure Security Firm Cyberpion Emerges From Stealth

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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and Kaspersky GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan's past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive's ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world. Follow Ryan on Twitter @ryanaraine.