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.
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