Israeli cybersecurity startup Vulcan Cyber secures $21M Series B funding to protect enterprises and combat breaches from known and emerging vulnerabilities

It’s been a while since we heard from Vulcan Cyber, a Tel Aviv, Israel-based cybersecurity startup that helps enterprises quickly detect and fix vulnerabilities in their software stack and code. Since our last story, Vulcan has grown exponentially. In 2020 alone, Vulcan Cyber experienced a 500 percent growth in annual recurring revenue (ARR). Back in 2019, Vulcan Cyber raised $10 million in Series A funding to continue its mission to help enterprises close the cybersecurity vulnerability remediation gap.

Fast forward two years later,  Vulcan Cyber announced today it has secured a $21 million Series B funding to satisfy the increasing global demand for a SaaS solution that goes beyond vulnerability scanning and management to help IT and security teams achieve remediation outcomes and get fix done. The round was led by Dawn Capital with participation from Wipro Ventures and existing Vulcan Cyber investors YL Ventures and Ten Eleven Ventures.

Founded in 2018 by Roy Horev, Tal Morgenstern, and Yaniv Bar-Dayan, Vulcan Cyber provides a continuous vulnerability remediation solution. Vulcan integrates, automates, and orchestrates existing tools and processes, eliminating the most critical risks caused by vulnerabilities while avoiding impact to business operations. Vulcan closes the vulnerability remediation gap, reducing exposure time from weeks and months to hours

The vulnerability remediation gap – the time from initial discovery and reporting until enterprise organizations actually deploy a fix to remediate the risk – can span months to more than one year. Even as enterprises work to prioritize security vulnerabilities, they are plagued by the logistics and management challenges of coordinating teams to execute remediation tasks at scale, while also ensuring business continuity. Unaddressed known vulnerabilities enabled the highly visible breach at Equifax, as well as numerous ransomware attacks like WannaCry and Petya.

The Vulcan Cyber Platform controls and orchestrates Security, DevOps, and IT tasks and tools, allowing enterprises to automate and scale their vulnerability remediation processes. Vulcan Cyber’s Contextual Prioritization Engine ranks vulnerabilities based on true and unique risk to the enterprise by correlating asset technical attributes and configurations, security assessment results, and threat intelligence. This approach allows teams to focus on the most critical vulnerabilities predicted to be most likely exploited in their digital networks.

“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 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.”