Tel Aviv-based Vulcan Cyber, a cybersecurity startup that helps companies focus on and fix security vulnerabilities, today revealed that it has actually raised a $21 million Series B financing round led by Dawn Capital. Wipro Ventures and existing financiers YL Ventures and Ten Eleven Ventures likewise participated in this round. The business says it will utilize the new funding to present brand-new removal options and launch a free risk-based vulnerability management platform under the Vulcan Free monicker.
With this new round, Vulcan Cyber’s overall financing to date is now $35 million. The company says it saw 500% growth in yearly recurring income and new consumer account metrics in 2020, with each user usually having in between 10 and 100 users on the platform.
Image Credits: Vulcan Cyber The business’s emphasis has actually always been on not just warning its customers about potential vulnerabilities but also helping them prioritize them based on the seriousness of the threat and the hazard to a company’s organization possessions. Security groups, after all, are often overwhelmed by signals and not every vulnerability a scanner represents is a high-priority risk for an organization. The guarantee of Vulcan Cyber’s platform is that it helps these teams figure out where to finest focus their resources.
While the financing is the heading news today, Vulcan’s new complimentary offering is likewise worth a closer look.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.