Prime Security, a NYC-based company ensuring organizations have the tools to implement security at the design phase, raised $6M in Seed funding.
The round was led by Foundation Capital with participation from Flybridge Capital Partners and prominent angel investors including Sam Gutmann, co-founder & CEO, Own Company, Adrian Kunzle, CTO, Own Company (ex. CTO JPM); Assaf Keren, CSO, Qualtrics (ex. CISO PayPal); Dimitri Sirota, co-founder & CEO, Bigid, Michael Callahan, Board Member, Datadog and Omer Schneider, co-founder & CEO of CyberX (acq. by Microsoft).
The company intends to use the funds to accelerate R&D and expand their sales and engineering teams across their Tel-Aviv and New York offices.
Led by CEO Michael Nov, Prime Security provides an AI-powered solution that lets security teams build guardrails into the software design phase to detect, prioritize and mitigate security and compliance risks before development starts.
The Prime design-stage security solution helps security engineering teams identify and mitigate design-phase risks and violations across multiple key areas including Security Gaps in Product Architecture such as errors in authorization logic, unencrypted sensitive data, expired sessions, and improper role-based access control; Design Stage Security Violations that can include lack of incident reporting, unapproved external entities, unrestricted network access, and administrative tasks assigned to low-privileged accounts; and, Audit and Compliance Violations like exporting sensitive data, incomplete security policies, insufficient audit trails, and unauthorized PII transfers.
The solution integrates with tools such as Jira and Confluence to proactively identify security risks at their inception, provide deep contextualization for every identified risk, and deliver customized security requirements to mitigate identified risks.
FinSMEs
09/10/2024