Enterprise Security Startup Cycode Raises $4.6M in Seed Funding
IsraelDefense
| 25/09/2019
Israeli enterprise security startup Cycode has raised $4.6 million in seed funding.
The round was led by YL Ventures with participation from security industry leaders including Mike Fey (CEO of D2iQ and former president & COO of Symantec), Andy Grolnick (former president & CEO, LogRhythm), Justin Somaini (former CSO, SAP) and Eyal Gruner (founder & CEO, Cynet).
Founded and led by former Symantec security architect Lior Levy (CEO) and security researcher and serial entrepreneur Ronen Slavin (CTO), Cycode aims to protect enterprises’ source code.
The co-founders argue that for most companies, source code protection remains a gap in their security posture. The company’s solution is claimed to be the first one to address this gap.
Cycode’s source code control, detection and response solution utilizes the startup’s patent-pending Source Path Intelligence Engine to deliver rapid, comprehensive and seamless visibility into an organization’s source code inventory. It quickly connects all of the organization’s source code management systems (SCM) and code repositories, cataloging source code inventory and the paths source code takes between users, devices and repositories during development and distribution across the extended enterprise.
Once implemented, the Cycode solution automatically detects and alerts organizations to anomalous access, movement and usage and allows responses through the execution of new security controls or by adjusting existing ones.
Israeli enterprise security startup Cycode has raised $4.6 million in seed funding.
The round was led by YL Ventures with participation from security industry leaders including Mike Fey (CEO of D2iQ and former president & COO of Symantec), Andy Grolnick (former president & CEO, LogRhythm), Justin Somaini (former CSO, SAP) and Eyal Gruner (founder & CEO, Cynet).
Founded and led by former Symantec security architect Lior Levy (CEO) and security researcher and serial entrepreneur Ronen Slavin (CTO), Cycode aims to protect enterprises’ source code.
The co-founders argue that for most companies, source code protection remains a gap in their security posture. The company’s solution is claimed to be the first one to address this gap.
Cycode’s source code control, detection and response solution utilizes the startup’s patent-pending Source Path Intelligence Engine to deliver rapid, comprehensive and seamless visibility into an organization’s source code inventory. It quickly connects all of the organization’s source code management systems (SCM) and code repositories, cataloging source code inventory and the paths source code takes between users, devices and repositories during development and distribution across the extended enterprise.
Once implemented, the Cycode solution automatically detects and alerts organizations to anomalous access, movement and usage and allows responses through the execution of new security controls or by adjusting existing ones.
