Gutsy Raises $51 Million in Seed Round

by Kay Aloha Villamor in October 17th, 2023

Gutsy, a Baton Rouge, Louisiana-based cybersecurity startup, has raised $51 million in seed funding. 

SaaS Investors

The round was led by YL Ventures and Mayfield. Joining the funding round are prominent cybersecurity executives and founders including George Kurtz (CEO of CrowdStrike), Chenxi Wang (Managing Partner at Rain Capital), Mickey Boodaei (CEO of Transmit Security,) Udi Mokady (Founder of CyberArk), Assaf Rappaport (CEO of Wiz), and others. 

Founded in 2007, YL Ventures is a venture capital firm that specializes in seed-stage cybersecurity investments. Based in Silicon Valley, New York, and Tel Aviv, The firm manages five funds with $800M in total assets under management.

Mayfield is an early-stage venture capital firm with $3 billion under management. The firm partners with founders starting at the inception stage to help build their enterprise, AI-first, deep-tech, and human and planetary health companies. Founded in 1969 and is based in Menlo Park, CA.

Navin Chaddha, Managing Partner at Mayfield, and Yoav Leitersdorf, Managing Partner at YL Ventures, have both joined Gutsy's board of directors. 

About Gutsy

Founded by Ben Bernstein, Dima Stopel, and John Morello, Gutsy is a cybersecurity company that applies process mining to cybersecurity, offering automatic, data-driven insights into how an organization's teams, tools, and processes work together. Gutsy's solution is designed to help CISOs understand the complexities of their security processes and enable them to improve operational outcomes, reduce risks, and transform auditing.

Gutsy has launched its beta, which covers processes in identity management, incident response, and vulnerability management. The platform integrates with a broad range of tools from cloud providers to HR systems, vulnerability management tools, ticketing systems, EDR platforms, and more. Gutsy is agentless, provided as SaaS, and is available globally in any customer-selected region.

Funding Details

Company: Inc.

Raised: $51.0M

Round: Seed Round

Funding Month: October 2023

Lead Investors: YL Ventures and Mayfield

Additional Investors: George Kurtz, Chenxi Wang, Mickey Boodaei, Udi Mokady, Assaf Rappaport 

Company Website: 

Software Category: Cybersecurity



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