Vulcan Cyber, a Tel Aviv, Israel-based developer of the cyber risk management platform for all attack surfaces, closed its $55 million Series B funding, bringing its total raised to $70 million.
SaaS Investors
The round was led by Maor Investments and Ten Eleven Ventures, with participation from existing investors Dawn Capital and Wipro Ventures.
Maor Investments is a Luxembourg-based venture capital fund that exclusively invests in Israeli Technology companies. Maor's mission is to build a business bridge between Israeli startups that want to penetrate the European market and European companies that want to leverage Israeli technology and bolster innovation.
Ten Eleven Ventures is the original cybersecurity-focused, global, stage agnostic investment firm. The firm finds, invests, and helps grow top cybersecurity companies addressing critical digital security needs, tapping its team, network, and experience to help build successful businesses.
Vulcan Cyber Use of Funds
The company will use the funding for product innovation, market expansion, and accelerating revenue growth.
About Vulcan Cyber
Vulcan Cyber has developed a cyber risk management platform, built to help businesses reduce vulnerability and asset risk through measurable and efficient attack surface security. Vulcan Cyber orchestrates and tracks the vulnerability remediation lifecycle from scan to fix by aggregating risk and asset data, prioritizing vulnerabilities using business context, curating and delivering the best remedies, and automating mitigation processes through the last mile of remediation. The company offers Vulcan Free, VulnRX, and MITRE Mapper as freemium SaaS solutions for IT security teams at businesses of all sizes.
Funding Details
Company: Vulcan Cyber Ltd.
Raised: $55.0M
Round: Series B
Funding Month: November 2023
Lead Investors: Maor Investments and Ten Eleven Ventures
Additional Investors: Dawn Capital and Wipro Ventures
Company Website: https://vulcan.io/
Software Category: Cyber Risk & Vulnerability Management
Source: https://www.prnewswire.com/news-releases/vulcan-cyber-closes-55-million-series-b-with-additional-34-million-to-solidify-position-as-a-leader-in-cyber-risk-management-301988205.html