Vulcan Cyber, an Israel-based startup that specializes in vulnerability remediation solutions, on Wednesday announced that it raised $10 million in a Series A funding round.
The investment, obtained from Ten Eleven Ventures and original seed backer YL Ventures, brings the total raised by the firm to $14 million. The company plans on using the money to expand commercial operations in North America and extend its development and support capabilities.
The company emerged from stealth mode in May 2018 with $4 million in seed funding and a platform designed to help organizations automate and scale their vulnerability remediation processes.
The Vulcan Cyber Platform uses a Contextual Prioritization Engine to rank vulnerabilities based on the actual risks they pose to an organization — based on specific technical attributes and configurations — allowing the customer to focus on the security holes that are most likely to be exploited.
In addition to data on vulnerabilities, the platform provides comprehensive information for remediation, including patches, workarounds and compensating controls that can be applied automatically using existing IT, security and DevOps tools.
“Vulcan results exceeded our best expectation,” said Mario Duarte, VP of security at Snowflake, a cloud data warehouse company that has been using the Vulcan platform. “After the Vulcan team had quickly set the platform up on top of our Snowflake data warehouse, we started seeing value immediately. Vulcan digested the data from our vulnerability scanners and cloud infrastructure, and was able to find our blind spots rapidly, prioritize the most critical vulnerabilities in our specific environment, and offer ‘click-of-a-button’ remediation solutions for our DevSecOps teams. In record time Vulcan reduced friction among teams and provided the tools and confidence to automate the remediation process and resolve a significant number of vulnerabilities.”
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