Vulcan Cyber, a Tel Aviv, Israel-based developer of a cyber risk management platform, closed its $55m Series B with the addition of a $34m investment.
The round was led by Maor Investments and Ten Eleven Ventures with participation from existing Vulcan Cyber investors Dawn Capital and Wipro Ventures. This latest investment marks a total of $70m invested in Vulcan Cyber to date.
The company intends to use the funds to accelerate continued product innovation, expand into new markets, accelerate rapid revenue growth, and build on market momentum.
Led by Yaniv Bar-Dayan, CEO, Vulcan Cyber has developed a cyber risk management platform, built to help businesses reduce vulnerability and asset risk through measurable and efficient attack surface security. It orchestrates and tracks the vulnerability remediation lifecycle from scan to fix by aggregating risk and asset data, prioritizing vulnerabilities using business context, curating and delivering the best remedies, and automating mitigation processes through the last mile of remediation.
Vulcan Cyber is building the platform to support comprehensive exposure management going beyond traditional vulnerability management to include:
- Application security posture management (ASPM);
- Cyber asset attack surface management (CAASM);
- Risk-based vulnerability management (RBVM);
- Exposure and risk analytics.
Based on annual recurring revenue in the trailing twelve months through Q3 2023, Vulcan Cyber more than doubled revenue year over year while aligning with current market requirements for operational efficiency.
FinSMEs
15/11/2023