Vulcan Cyber secures $10 million to shrink vulnerability remediation gap
The phrase “vulnerability remediation gap” is cybersecurity lingo for the window between the initial discovery and reporting of an enterprise security risk and the deployment of a fix to remediate the risk. Due to logistics and management challenges, the vulnerability remediation gap can take anywhere between months to more than one year.
Israel-based startup Vulcan Cyber focuses on shrinking this gap. The company announced this week that it has raised $10 million in Series A funding from investors Ten Eleven Ventures and original seed backer YL Ventures. To-date, Vulcan Cyber has raised $14 million since exiting stealth last year. Ten Eleven Ventures General Partner Mark Hatfield has now joined the Vulcan board and Glenn Chisholm, former CTO of Cylance and co-founder and CEO of Obsidian Security, has also joined as an investor.
“Ten Eleven Ventures focuses exclusively on helping cybersecurity companies thrive and we’re excited to do exactly that with Vulcan.”
“Ten Eleven Ventures focuses exclusively on helping cybersecurity companies thrive and we’re excited to do exactly that with Vulcan,” added Mark Hatfield, general partner at Ten Eleven Ventures. “We chose to invest in Vulcan Cyber because the company is uniquely positioned to plug the enterprise organization remediation gap by automating vulnerability triage and coordinating an orchestrated response to known and emerging vulnerabilities across organizational boundaries.”
The company plans to use the funds to expand North American commercial operations and grow development and support capabilities.
By controlling and orchestrating Security, DevOps, and IT tasks and tools, the Vulcan Cyber Platform enables enterprises to leverage automation to assess risk level and prioritize remediation processes.
“IT leadership can no longer rely upon disparate internal resources and legacy processes to comprehend and act upon knowledge of vulnerabilities and other threat intelligence,” said Yaniv Bar-Dayan, Vulcan Cyber CEO and co-founder. “Only continuous, collaborative, automated remediation, as offered by Vulcan, can close the vulnerability gap, at scale, across today’s cyber threat landscape.”