HomeUSASilk Security Raises $12.5M in Seed Funding

Silk Security Raises $12.5M in Seed Funding

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Silk Security Co-founders: Bar Katz, Chief Technology Officer; Or Priel, Chief Product Officer; and, Yoav Nathaniel, Chief Executive Officer.
Silk Security Co-founders: Bar Katz, Chief Technology Officer; Or Priel, Chief Product Officer; and, Yoav Nathaniel, Chief Executive Officer.

Silk Security, a NYC-based provider of a sustainable cyber risk resolution platform, raised $12.5m in seed funding.

The round was led by Insight Partners and Hetz Ventures, with participation from CrowdStrike Falcon Fund and cybersecurity angel investors including Shlomo Kramer, Mickey Boodaei and Rakesh Loonkar.

The company intends to use the funds to expand operations and its business reach.

Led by CEO and Co-founder Yoav Nathaniel, Silk provides a platform that enables enterprises to take a strategic, sustainable approach to resolving code, infrastructure and application risk. Its approach enables operations and security stakeholders to collaboratively align finding risk with fixing risk – enhancing enterprise security posture and centralizing visibility and auditability for resolution status.

Silk incorporates AI technologies to consolidate and contextualize findings from multiple detection tools, automates prioritization based on severity, asset profiles and environmental factors, and predictively assigns fix ownership. By connecting findings to assets, and understanding the infrastructure used to deploy and provision these assets, Silk is able to pinpoint the root cause for related run-time or production security findings – and advise on which fix will resolve multiple findings. Silk then helps security teams and fix owners to close the loop through actionable remediation advice, and can free up security teams from chasing fixers by automating the follow up process.

Silk automates ticketing and task routing across multiple instances of the same workflow tools, as well as integrations to multiple types of workflow tools within the same enterprise.

FinSMEs

01/08/2023

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