Vulcan Cyber is the latest Israel-based cybersecurity startup to emerge from stealth mode. The company, whose main product is a vulnerability remediation platform, announced on Wednesday that it raised $4 million in seed funding.
The funding round was led by YL Ventures with participation from other investors. Vulcan Cyber will use the seed funds to build its Israeli R&D office, which will develop and deliver its product, and kickstart operations in the U.S., with a focus on sales, marketing, support and professional services.
A beta version of the platform is already available to qualified customers and is expected to become generally available in late 2018.
Studies have shown that it can take organizations a long time to patch vulnerabilities in the software they use and it’s not uncommon for known flaws to be exploited in high profile attacks that end up costing companies millions of dollars.
Vulcan cyber aims to address the vulnerability remediation gap by providing a platform that integrates with existing security assessment, DevOps and IT tools, allowing organizations to detect vulnerabilities and automate the remediation process. The list includes tools from AWS, Nessus, WhiteHat, Qualys, IBM, BlackDuck, Tripwire, Checkmarx, Rapid7, Veracode, Google, Microsoft, GitHub, Slack and many others.
The solution provides an orchestration engine that helps coordinate the teams, tasks and tools needed to address vulnerabilities, the company says.
Vulcan says its goal is to build the largest vulnerability remediation database, including patches, automated scripts and signatures.
The company claims that unlike competitors, whose products assess and prioritize flaws strictly based on threat intelligence, its platform also leverages DevOps and IT data.
The product is aimed at CIOs and CISOs who want to get a clear picture of the risk level across their organization, and individuals responsible for vulnerability management programs, as it allows them to better manage the remediation process and improve efficiency by automating certain tasks.
Vulcan says its cloud-based platform is easy to deploy – it does not require any agents or tapping into network traffic, and organizations only need to provide the API and credentials for their vulnerability assessment, DevOps and IT tools.