Vulcan Cyber, a vulnerability remediation orchestration company, revealed today that it has raised $21 million in Series B funding. The business has so far raised $35 million.
Dawn Capital led the founding round, which included Wipro Ventures, YL Ventures, and Ten Eleven Ventures as well as established investors.
The new funding will help Vulcan Cyber extend its platform with new vulnerability remediation solutions for both cloud and applications, as well as meet demand for its SaaS solution, according to the company.
Vulcan Free, a risk-based vulnerability management (RBVM) platform that allows organisations to prioritise vulnerability and cyber threats for free, will also be released with the new funding.
Vulcan Cyber will also use the funds to expand direct sales and invest in Remedy Cloud, a free archive of vulnerability intelligence.
Vulcan Cyber, based in Tel Aviv, Israel, was established in 2018 to help businesses find and handle vulnerabilities in their code and software stack.
Vulcan Cyber’s risk-based platform was designed with cloud, IT, and device protection in mind. Security teams can use the platform to automate every phase of the vulnerability management process, from scanning to patching.
“The introduction of Vulcan Free exemplifies the Vulcan Cyber theory that vulnerability prioritisation is only one aspect of proper remediation, not the end goal. Vulcan Free disrupts decades-old business trends that have historically concentrated on vulnerability detection rather than driving remediation outcomes,” said Yaniv Bar-Dayan, CEO and co-founder of Vulcan Cyber.