Vulcan Cyber, a Tel Aviv, Israel-based developer of a vulnerability remediation orchestration platform for application and cloud security, raised $21m in Series B funding.
The round was led by Dawn Capital with participation from Wipro Ventures and existing Vulcan Cyber investors YL Ventures and Ten Eleven Ventures. In addition, Vulcan Cyber announced that Henry Mason, Dawn Capital principal, will join John Brennan, YL Ventures partner, and Mark Hatfield, Ten Eleven Ventures founder and general partner, as the newest addition to its board of directors.
The company intends to use the funds to enhance direct sales, expand its channel program and managed security service provider (MSSP) relationships, accelerate product R&D, enhance its freemium strategy with Remedy Cloud, a free database of vulnerability intelligence, and introduce Vulcan Free, a free risk-based vulnerability management (RBVM) platform for vulnerability and cyber risk prioritization.
Led by Yaniv Bar-Dayan, CEO and co-founder, Vulcan Cyber has developed a vulnerability remediation orchestration platform, built to help businesses reduce cyber risk through measurable cloud and application security. The platform orchestrates and tracks the remediation lifecycle from scan to fix by prioritizing vulnerabilities, curating and delivering the best remedies, and automating processes and fixes through the last mile of remediation.