A Cybersecurity Startup Vulcan Cyber Raises $21 Million for Expansion of Vulnerability Remediation SaaS Platform

An Israel-based and cybersecurity start-up company, Vulcan Cyber, announced that it had raised a $21 million Series B funding round led by Dawn Capital. The company is into fixing security vulnerabilities has now participated with Wipro Ventures and existing Vulcan Cyber investors YL Ventures and Ten Eleven Ventures. The raised funds will support the novel vulnerability remediation solutions for cloud and application security teams. It will also deliver Vulcan Free, the industry's first free risk-based vulnerability management (RBVM) platform created for vulnerability and cyber risk prioritization.

With this new development, Vulcan Cyber’s overall funding up until presently is $35 million. The company experienced a 500% growth in annual recurring revenue. The new funding will also satisfy considerable demand for a SaaS solution that goes ahead with vulnerability scanning and management. This will help IT, and security teams accomplish vulnerability scanning and management in a fixed way.

The company’s focus has always been to warn its customers about potential vulnerabilities and prioritizing them based on the severity of the risk and the threat to a company’s business assets. After all, security teams are often inundated by alerts as not every scanner represents a high-priority risk for a business. Hence, the promise of Vulcan Cyber’s platform to build a vulnerable one will help teams to figure out where to focus their resources best.

In the end, with this new free offering, Vulcan’s freemium portfolio now includes Vulcan Free. This provides core prioritization and vulnerability management features to the company and its existing free vulnerability intelligence database.