Another Israel-based cybersecurity startup has emerged from stealth mode. The company, Valence, claims to have developed a platform that leverages zero trust principles to help organizations manage risks associated with the connectivity between various business applications.
Valence emerged from stealth with $7 million in seed funding. The funding round was led by YL Ventures, with participation from several cybersecurity executives and serial entrepreneurs.
The company, founded by Yoni Shohet (CEO) and Shlomi Matichin (CTO), aims to provide a solution that can secure what it has named the Business Application Mesh, which represents SaaS and self-hosted business applications interconnected through APIs, SaaS marketplaces, and low-code/no-code development platforms such as Workato and Zapier.
Valence describes the Business Application Mesh as a “complex and ever-growing network of connections, automated business processes and data exchanges,” and says its goal is to address risks associated with third-party integrations and secure app-to-app connectivity.
The startup says this “shadowy connectivity” between business applications can lead to data exposure, misconfigurations, and supply chain attacks.
Once it’s deployed, the Valence platform maps the Business Application Mesh risk surface, and then continuously monitors it in an effort to identify malicious activity, misconfigurations, and other anomalies.
“Valence applies zero-trust principles to the Business Application Mesh, securing it while mitigating risk as it grows. It delivers comprehensive access visibility into the risk surface while identifying and mitigating the internal and third-party access risks associated with it,” the company explained. “Delivering quick, continuous and non-intrusive Business Application Mesh risk surface management, the platform streamlines collaboration between business application teams and enterprise IT security teams.”