Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cyber Insurance

Vulnerability Management Firm Vulcan Cyber Raises $21 Million

Vulnerability remediation orchestration provider Vulcan Cyber today announced that it has raised $21 million in Series B funding. To date, the company has raised $35 million.

Vulnerability remediation orchestration provider Vulcan Cyber today announced that it has raised $21 million in Series B funding. To date, the company has raised $35 million.

Led by Dawn Capital, the founding round also received participation from Wipro Ventures and existing investors YL Ventures and Ten Eleven Ventures.

The new funding, Vulcan Cyber says, will help it expand its platform with new vulnerability remediation solutions for both cloud and applications, as well as meet demand for its SaaS solution.

Furthermore, the company will use the new injection of cash to deliver Vulcan Free, a risk-based vulnerability management (RBVM) platform that allows organizations to prioritize vulnerability and cyber risks for free.

The funding round will also allow Vulcan Cyber to invest in Remedy Cloud, a free database of vulnerability intelligence, as well as to enhance direct sales.

Founded in 2018 and headquartered in Tel Aviv, Israel, Vulcan Cyber provides enterprises with means to identify and manage vulnerabilities in their code and software stack.

Vulcan Cyber’s risk-based platform has been designed with support for cloud, IT, and application security. The platform helps security teams with every step of the vulnerability management process, from scan to patching, at scale.

“The launch of Vulcan Free underscores the Vulcan Cyber philosophy that vulnerability prioritization is not an end goal, but simply one element in proper remediation. Vulcan Free changes decades-old market dynamics that traditionally focus on vulnerability identification only instead of focusing on driving remediation outcomes,” Vulcan Cyber CEO and co-founder Yaniv Bar-Dayan commented.

Advertisement. Scroll to continue reading.

Related: Cyber Insurance Company Coalition Raises $175 Million at $1.75 Billion Valuation

Related: HD Moore Banks $5M Funding for Rumble Asset Management Startup

Related: Authentication Provider LoginID Raises $6 Million in Seed Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...