Unified security remediation platform startup Dazz Inc. today announced that it has raised $50 million in new funding to fuel its mission to help security and engineering teams efficiently reduce exposures.

Founded and launched in 2021 by co-founders who included two former Microsoft Corp. security executives, Dazz offers a cloud security platform that helps security and engineering teams simplify and automate security remediation processes. The company’s mission is to enable more efficient and effective security operations that allow cybersecurity teams to better manage security posture and developers to spend more time innovating.

The Dazz Unified Remediation Platform offers a range of features that are all designed to enhance cloud security and streamline the remediation of vulnerabilities.

Features include artificial intelligence-driven root cause analysis and remediation, where the platform suggests the best fixes for application vulnerabilities. Acting as a “junior developer,” the platform implements code and configuration fixes under human oversight to speed up the remediation process and reduce manual efforts.

The Dazz platform offers automation rules that allow users to automate multiple actions when defined conditions are met. The automation rules allow for faster responses, easier ticket creation and unified workflows across tools.

Users also have access to custom dashboards that visualize datasets and track vulnerability management and remediation efforts across different technologies and business units. The dashboards include an inventory view that lists unique resources and assets along with their associated findings.

The Dazz Unified Remediation Platform integrates various security tools, including Rapid7 InsightVM, Tenable Inc., Tanium Inc., Qualys Inc., Mandiant, ReversingLabs Corp., Semgrep Inc. and Orca Security Ltd.

The company has seen rapid customer growth since launching in 2021, with customers including Fortune 500 members and businesses in financial services, healthcare, pharmaceutical, technology, retail and manufacturing industries. Notable customers include BHG Financial Inc., Healthfirst Inc., TaxSlayer LLC, iCapital Network Inc. and Abnormal Security Corp.

“In a world where security breaches occur on average every 11 seconds, the constant rise in AI-powered threats presents a prominent danger of more efficient and scalable attacks,” co-founder and Chief Executive Merav Bahat (pictured, center, with co-founders Tomer Schwartz, left, and Yuval Ofir), said in a statement. “At Dazz, we are experiencing remarkable business momentum, thanks to a critical market gap that Dazz uniquely addresses.

Greylock co-led the funding round, with Cyberstarts Inc., Insight Partners and Index Ventures also participating. It’s the second time Dazz has raised funding, having previously raised $60 million in 2021, taking the company’s total amount raised to $110 million.

Photo: Dazz