UPDATED 08:00 EDT / MARCH 17 2021


Israeli startup Vulcan Cyber raises $21M to roll out vulnerability remediation solutions

Israeli software security startup Vulcan Cyber Ltd. has raised $21 million in new funding to support the rollout of new vulnerability remediation solutions for cloud and application security teams and deliver a new service.

The Series B round was led by Dawn Capital and included Wipro Ventures, YL Ventures and Ten Eleven Ventures.

Founded in 2018 and based in Tel Aviv, Vulcan Cyber specializes in helping enterprises to detect and fix vulnerabilities in their software stack and code. The company offers a vulnerability assessment platform designed not only to identify weaknesses in a company’s systems but also to figure out how to fix them.

Vulcan Cyber’s remediation orchestration platform uses step-by-step, orchestrated workflows and automation to fix vulnerabilities quickly and at scale with the tools already in use by DevOps, information technology and security teams. The cybersecurity service said it prioritizes vulnerabilities to get the right remedies to the right people while also integrating with dozens of best-of-breed tools to automate remediation tasks at scale.

The new funding will be used in part to support Vulcan Free, a new service that it claims is the industry’s first free risk-based vulnerability management platform for vulnerability and cybersecurity risk prioritization.

“The launch of Vulcan Free underscores the Vulcan Cyber philosophy that vulnerability prioritization is not an end goal but simply one element in proper remediation,” Vulcan Cyber co-founder and Chief Executive Officer Yaniv Bar-Dayan said in a statement. “Vulcan Free changes decades-old market dynamics that traditionally focus on vulnerability identification only instead of focusing on driving remediation outcomes.”

Bar-Dayan said remediation orchestration is the only viable way to align vulnerability management with the needs of digital business and critical cloud and application environments. “This round of funding allows us to make these critical security tools available to more organizations free of cost, so they can get fix done,” he said.

Including the new funding, Vulcan Cyber has raised $35 million to date, according to data from Crunchbase, including a $10 million round in June 2019.

Image: Vulcan Cyber

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