Emerging from stealth, cloud security company Lightspin closes $4 mil seed round
The platform enables organizations to preempt hackers by mapping the full cloud stack in minutes to detect potential critical threats and avoid configuration vulnerabilities, the Israeli company says
Cybertech
| 24/11/2020
Photo: Bigstock
Contextual cloud security company Lightspin announced Tuesday its launch out of stealth after closing a $4 million seed funding round, aiming to help organizations protect cloud infrastructure and advance digital transformation.
The round was led by Ibex Investors LLC, the firm's first global investment from its new $100 million early-stage fund, and included participation from private angel investors.
Founded by former white hat hackers, Lightspin's technology uses graph-based tools and algorithms to provide rapid, in-depth visualization of the cloud stack, analyze potential attack paths, and detect the root causes – the most critical vulnerabilities that attackers can exploit.
By utilizing a prospective attacker's approach, Lightspin proactively and continuously maps all cloud assets in a matter of minutes to detect potential critical threats and avoid configuration vulnerabilities, providing cloud and security teams with a contextual view of cloud security stature at any given moment, according to the company.
"An increasing reliance on cloud computing is inevitably leading to an expanding threat landscape. Having worked with CISOs and cloud owners from numerous global companies, we know that existing solutions do not address the full scope of security challenges for dynamic, modern cloud and Kubernetes environments," said Vladi Sandler, CEO and Co-Founder at Lightspin.
"Based on our experience in attacking cloud infrastructure, we understand how attackers think, which is our superpower. We are proud to have secured this funding, at the height of the Covid-19 pandemic, and to launch out of stealth to further our work in helping organizations significantly reduce risk by identifying and prioritizing critical security gaps for remediation before they fall into the wrong hands."
Lightspin's platform is also said to offer simple instruction for prioritizing and remediating top risks and mitigating threats in order of importance, as well as access to a holistic approach that doesn't only focus on compliance or real-time alerts once an attacker is already in the system.
"We see great added value in Lightspin's approach to addressing these critical, yet often-overlooked aspects of cloud security, particularly as the future of innovation becomes increasingly dependent on cloud capabilities, and threat actors simultaneously become more sophisticated," said Nicole Priel, Vice President at Ibex Investors. "We are excited to partner with Lightspin on its journey to help organizations defend themselves against the precarious threats that are often missed or not managed by cloud providers and other solutions."
According to Lightspin, its solution is already in use at multiple Fortune 500 companies, and 20 pilots are currently running at global organizations.
The platform enables organizations to preempt hackers by mapping the full cloud stack in minutes to detect potential critical threats and avoid configuration vulnerabilities, the Israeli company says
Photo: Bigstock
Contextual cloud security company Lightspin announced Tuesday its launch out of stealth after closing a $4 million seed funding round, aiming to help organizations protect cloud infrastructure and advance digital transformation.
The round was led by Ibex Investors LLC, the firm's first global investment from its new $100 million early-stage fund, and included participation from private angel investors.
Founded by former white hat hackers, Lightspin's technology uses graph-based tools and algorithms to provide rapid, in-depth visualization of the cloud stack, analyze potential attack paths, and detect the root causes – the most critical vulnerabilities that attackers can exploit.
By utilizing a prospective attacker's approach, Lightspin proactively and continuously maps all cloud assets in a matter of minutes to detect potential critical threats and avoid configuration vulnerabilities, providing cloud and security teams with a contextual view of cloud security stature at any given moment, according to the company.
"An increasing reliance on cloud computing is inevitably leading to an expanding threat landscape. Having worked with CISOs and cloud owners from numerous global companies, we know that existing solutions do not address the full scope of security challenges for dynamic, modern cloud and Kubernetes environments," said Vladi Sandler, CEO and Co-Founder at Lightspin.
"Based on our experience in attacking cloud infrastructure, we understand how attackers think, which is our superpower. We are proud to have secured this funding, at the height of the Covid-19 pandemic, and to launch out of stealth to further our work in helping organizations significantly reduce risk by identifying and prioritizing critical security gaps for remediation before they fall into the wrong hands."
Lightspin's platform is also said to offer simple instruction for prioritizing and remediating top risks and mitigating threats in order of importance, as well as access to a holistic approach that doesn't only focus on compliance or real-time alerts once an attacker is already in the system.
"We see great added value in Lightspin's approach to addressing these critical, yet often-overlooked aspects of cloud security, particularly as the future of innovation becomes increasingly dependent on cloud capabilities, and threat actors simultaneously become more sophisticated," said Nicole Priel, Vice President at Ibex Investors. "We are excited to partner with Lightspin on its journey to help organizations defend themselves against the precarious threats that are often missed or not managed by cloud providers and other solutions."
According to Lightspin, its solution is already in use at multiple Fortune 500 companies, and 20 pilots are currently running at global organizations.
