Tel Aviv, Israel based organization Vulcan Cyber has raised USD 21 Million funds on 17th of March in Series B funding round led by Dawn Capital, Wipro Ventures along with previous investors. The company has raised a total of USD 21 Million in funding over 3 rounds.
Investors: The capitalization of USD 21 Million funds took place in Series B funding round led by Dawn Capital, Wipro Ventures along with previous investors like YL Ventures , Ten Eleven Ventures and StoneMill Ventures.
What the funding is for: The fresh funding would be utilised to roll out new remediation solutions and launch a free risk- based vulnerability management platform under the Vulcan Free monicker.
About the company: Vulcan Cyber is a privately held organization which is also known as a security company that helps enterprises quickly detect and fix vulnerabilities in their software stack and code. The company operates under cyber security, Network Security and
Software industries. It’s headquarters are established in Tel Aviv, Israel and they have a work strength of 11- 50 employees.
Founders of the company: Roy Horeb, Tai Morgenstern and Yaniv Bar- Dayan
Founding date: March 18, 2018
What the CEO has to say:
“Cyber security pros have used open- source vulnerability scanners like Nessus for almost two decades. More recently, vulnerability management programs have used risk- based vulnerability management tools to prioritize scan results to determine specific risk to the business and focus the remediation effort. The scan and prioritize functions are fundamental, necessary elements of any mature remediation effort. The scan and prioritize functions are fundamental, necessary elements of any mature remediation program.”
“But now the industry has a free vulnerability prioritization engine to complement the scanners.”
“This round of funding allows us to provide the Vulcan Free service to the cybersecurity industry to help businesses achieve cyber hygiene. This move shifts the economics of our market and will push CISOs and CIOs to dedicate more budget and resources not just on simple scan and prioritize paper pushing, but on driving actual remediation outcomes. We hope this will help the industry get fixed more effectively.”
“The company’s emphasis has always been on not just warning it’s customers about potential vulnerabilities but also helping them prioritize them based on the severity of the risk and the threat to a company’s business assets. Security teams, after all, are often overwhelmed by alerts and not every vulnerability a scanner represents is a high- priority risk for a business. The promise of Vulcan Cyber’s platform is that it helps these teams figure out where to best focus their resources.”– Yaniv Bar- Dayan, CEO of the company.
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