Vulcan Cyber, developer of what the company calls the industry's only vulnerability remediation orchestration platform for application and cloud security, announced Wednesday it has secured $21 million in Series B financing.
The round was led by Dawn Capital with participation from Wipro Ventures and existing investors YL Ventures and Ten Eleven Ventures.
According to the Israeli company, it will use the funds to support the rollout of new vulnerability remediation solutions for cloud and application security teams, and to deliver Vulcan Free, the industry's first, free risk-based vulnerability management platform for vulnerability and cyber risk prioritization.
"The launch of Vulcan Free underscores the Vulcan Cyber philosophy that vulnerability prioritization is not an end goal, but simply one element in proper remediation. Vulcan Free changes decades-old market dynamics that only focus on vulnerability identification instead of driving remediation outcomes. Remediation orchestration is the only viable way to deliberately align vulnerability management with the needs of digital business and cloud and application environments," said Yaniv Bar-Dayan, Vulcan Cyber's CEO and co-founder. "This round of funding allows us to make these critical security tools available to more organizations free of cost, so they can get fix done."
Henry Mason, Dawn Capital principal, who will join Vulcan's board of directors, said "As attack surfaces continue to grow exponentially, the Vulcan Cyber next-generation solution resonates powerfully with an IT security market that has historically lacked effective vulnerability management tools. Vulcan Cyber makes it possible to actually remediate vulnerabilities by fostering collaboration across teams and automating the work of remediation from scan to fix."
The Vulcan Cyber remediation orchestration platform uses step-by-step, orchestrated workflows and automation to fix vulnerabilities quickly and at scale with the tools already in use by DevOps, IT and security teams. Vulcan is used to prioritize vulnerabilities, get the right remedies to the right people, integrate with dozens of best-of-breed tools, and automate remediation tasks at scale, according to the company.