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Cybersecurity Funding

Nagomi Security Emerges From Stealth With $30 Million in Funding

Nagomi Security, a company that helps customers prevent threats by leveraging existing security tools, emerged from stealth with $30 million in funding. 

Nagomi Security on Wednesday emerged from stealth mode with a platform designed to help customers optimize the use of their existing cybersecurity tools. 

The company, until recently named Vena Security, has operated in stealth mode with seed funding from Israel’s Team8 venture group. 

It has now announced raising $30 million in a funding round led by TCV, with participation from CrowdStrike Falcon Fund, Okta Ventures, and several angel investors.

Nagomi Security has developed a proactive defense platform that enables security teams to optimize their existing cybersecurity solutions to identify risks, threats, and adversaries and their techniques. 

The platform then enables them to prioritize risks based on the organization’s unique threat profile, map existing security tools to threats, and provides remediation plans.

The Nagomi platform relies on read-only API connections, integrating with solutions from vendors such as CrowdStrike, Microsoft, SentinelOne, Okta, Qualys, Rapid7 and Google. 

The company claims its platform was launched six months after the company was founded in January 2023, and it already crossed $1 million in annual recurring revenue while still in stealth mode. 

“We’ve seen that over 80% of breaches occur at organizations that already had a tool in place to prevent it, and security teams are increasingly frustrated that they can’t be sure that the solutions they have deployed are protecting them against real threats,” said Emanuel Salmona, co-founder and CEO of Nagomi Security. 

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“By mapping threats like ransomware, phishing, and other seen-in-the-wild campaigns and techniques, Nagomi shows security teams their level of protection and provides a plan of action to drive better defense,” Salmona added.

Related: Asia-Focused Dark Web Threat Intelligence Startup StealthMole Raises $7 Million

Related: Alethea Raises $20 Million for Disinformation Detection and Mitigation Solution

Related: Sprinto Raises $20 Million for Automated Risk and Compliance Platform

Related: Data Security Firm Cyera Raises $300 Million at $1.4 Billion Valuation

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.


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