There are many tools on the market to identify vulnerabilities, vulnerabilities and security flaws, but today organizations do not have enough time and resources to deal with and resolve all open issues in a timely manner, leaving them constantly unprotected. To this end, start-ups have emerged that develop tools to help prioritize the most urgent issues and find quick solutions.
Last week, for example, we reported on the raising of $ 50 million by the Israeli start-up Torq, which offers a tool for creating solutions to security problems in the code-free interface. Another Israeli company in the field is Vulcan Cyber, which has raised $ 35 million to date and is developing an automated weakness management and repair system.
In this world of managing and correcting weaknesses, there is also the start-up DAZZ, which was officially unveiled today (Tuesday) after having already raised $ 60 million. Dazz CEO Merav Bahat explains that their product helps organizations manage priorities in terms of security issues, directs the problems to the right people in the organization and offers them, in most cases, an automated solution.
Behind Dazz is an experienced team of three entrepreneurs, including Bahat (CEO), former Deputy CEO of Microsoft’s Research and Development Center in Israel and Director of Microsoft’s Cloud Security Division (Bahat worked at Microsoft under Assaf Rapaport, currently CEO of Unicorn Security) Cloud Wise; And Yuval Ofir, former vice president of the R&D of the Unicorn Industrial Cyber Security Claroti.
In light of the developers’ rich experience, Dazz has raised relatively large funding relatively quickly. The company was officially established in January this year and at the same time received a $ 10 million lime fundraiser from the CyberStarts and Graylock funds. In July, it began working with clients and today Dazaz, as part of its initial exposure, announces the raising of an additional $ 50 million Round A led by American Insight Partners and with the participation of the Index Fund and previous investors. The company currently employs 30 people.
“When you look at hacked companies, their problem was not a shortage of security systems, but it took days and weeks to fix one problem. According to a report by research firm Gartner by 2025, about 99% of all attacks will be based on known faults that could have been prevented. “Cloud development is a cross-organizational issue sometimes and we significantly reduce the repair time,” says Bahat.
According to Bahat, the company currently has 12 paying organizations, half of which belong to the Fortune 500 list. “The big challenge for us is to increase the team while maintaining the same organizational quality and culture. Great and important in the world, “adds Bahat.