Israeli cyber risk management startup, Vulcan Cyber, extended their Series B funding round to $55 million, raising an additional $34 million. The extension was led by Maor Investments and Ten Eleven Ventures.
Vulcan Cyber has more than doubled its revenue year-over-year. Unlike traditional vulnerability scanning and management tools, Vulcan Cyber's platform offers a comprehensive approach to cyber security, helping teams mitigate risks that pose the most significant threats to their organizations.
Vulcan Cyber's approach to cyber risk management has been validated by its recent recognitions in esteemed industry evaluations. It was named a Leader in The Forrester Wave™: Vulnerability Risk Management, and the Omdia Universe: Risk-Based Vulnerability Management Solutions evaluations. Additionally, the startup was awarded the coveted SINET16 Innovator Award.
The startup's platform is designed to address a wide range of cybersecurity needs. It encompasses application security posture management, cyber asset attack surface management, risk-based vulnerability management, and exposure and risk analytics. Vulcan Cyber's customers benefit from its ability to integrate with numerous security tools and data sources, providing a composite view of cyber risk exposure and facilitating efficient risk mitigation at scale.
The recent capital raise brings the startup's funding to $70 million. The startup was founded in 2018 by Yaniv Bar-Dayan, Tal Morgenstern and Roy Horev.