CardinalOps Ltd., an Israeli artificial intelligence-powered security engineering startup, raised $17.5 million in Series A to fuel global expansion in go-to-market and product innovation activities.
The round was led by Viola Ventures, with Battery Ventures, Glilot Capital, Symbol, and top angel investors from the security industry also participating. Including the new funding, CardinalOps has raised $24 million to date.
Along with the funding announcement, CardinalOps also announced that Phil Neray, previously director of “internet of things” and industrial cybersecurity and director of product marketing at Microsoft Corp., has joined the company as a chief marketing officer and vice president of cyber defense strategy.
Company: CardinalOps Ltd.
Round: Series A
Funding Month: March 2022
Lead Investors: Viola Ventures
Additional Investors: Battery Ventures, Glilot Capital, Symbol, and top angel investors from the security industry
Company Website: https://www.cardinalops.com/
Software Category: AI-powered Detection Engineering
About the Company: Founded in 2020 by serial cybersecurity entrepreneurs to bring AI-based analytics and automation to the core security engineering functions that drive security infrastructure efficacy. CardinalOps offers an AI-powered platform that continuously recommends best practice detection rules for existing security information and event management. These are mapped to MITRE ATT&CK threat models and customized according to an organization’s priorities and log source. Having launched in early 2021, CardinalOps customers now include a Fortune 50 consumer products company, a top 10 U.S. law firm, a top 10 cable operator, and a leading provider of managed detection and response and managed security services.