Israel-based cybersecurity startup Vulcan Cyber is closing its first quarter of 2021 with news of series B funding. The startup has raised $21 million in the funding round, which was led by Dawn Capital with participation from Wipro Ventures and existing Vulcan Cyber investors YL Ventures and Ten Eleven Ventures.
With the alarming growth of cybersecurity breaches worldwide, a vast majority of security issues stay unresolved. Vulcan Cyber is out to help find them and fix them.
The company saw a phenomenal 500% growth in ARR in 2020. With the latest funding round, the company will have fresh funds to support the launch of new vulnerability remediation solutions for cloud and application security teams. The funding will also enable the company to deliver the industry’s first free risk-based vulnerability management (RBVM) platform for vulnerability and cyber risk prioritization – Vulcan Free.
As part of the funding round, Henry Mason, Principal of Dawn Capital, will join Vulcan Cyber’s board of directors. “Vulcan Cyber makes it possible to actually remediate vulnerabilities by fostering collaboration across teams and automating the work of remediation from scan to fix. We are thrilled to be supporting the team to deliver this new stratum of security solutions,” said Henry Mason.
The series B funding round will also finance the company’s product R&D and help extend Vulcan Cyber’s leadership position in cloud and application security through vulnerability remediation orchestration.
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