Scribe Security, an Israel-based end-to-end software for supply chain protection, has raised USD 7 million in a Seed funding round led by Elron Ventures on 26 January 2022.
Investors: Elron Ventures led the latest funding round with participation from YYM Ventures and others.
Elron Ventures is a leading early-stage investor committed to helping promising companies with big ideas become global leaders. With a proven track record of investments and M&As worldwide, Elron Ventures has become a home for early-stage cyber, enterprise software, and medical device startups.
The Objectives behind the funding: The company plans to deploy the current proceeds to bring its end-to-end solution to a market that is thirsty for innovation in this domain.
About Scribe Security
Founded in 2021 by cyber and cryptography experts CEO Rubi Arbel, CTO Daniel Nebenzahl, and VP R&D Guy Chernobrov, Scribe is an end-to-end software supply chain protection platform – the first to secure client’s code throughout their entire software supply chain and throughout their product’s life cycle, from development to delivery to update. SCRIBE equips clients to attest to the integrity, provenance, reputation, and authenticity of the code they use and develop and the tools and processes that make it.
Developed by veterans in cybersecurity and crypto technology, the startup uses innovative, high-assurance technologies to deliver tamper-proof evidence documentation, frictionless operation, advanced anomaly detection, and high performance.
Its state-of-the-art SaaS platform promotes rapid deployment and secure operation – a practical “Shift Left” software security tool set built for DevOps and developers.
What the Founder has to say:
“Attackers today are experts at identifying hidden opportunities in the software’s delivery life cycle. We protect against software supply chain attacks carried out by dependency manipulation, third-party software components, or during the code-delivery process,” said Scribe Co-founder & CEO Rubi Arbel.
“Cyberattacks on the software supply chain may be carried out by dependency manipulation, a third-party software component, or during the code-delivery process. Software supply chains have become an attractive attack vector for a wide range of threat actors. Experts predict that almost half of all organizations globally are likely to suffer from such attack consequences by 2025,” he added.
What the Investor has to say:
“We believe that the threat to the organization’s software supply chain is steadily increasing,” said Zohar Rozenberg, Venture Partner at Elron Ventures. “While a growing percentage of the code is being developed outside the organization, the attack surface is highly complex. With no single entity that had visibility and the ability to secure the code end to end, this is a super complicated issue. We believe that Scribe is serving a market with huge potential and has the right team to take on this complex task.”
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