RapidFort, a software attack service optimisation platform, has reportedly collected $8.5m in its seed funding round.
Felicis served as the lead investor, with contributions also coming from ForgePoint Capital, Bloomberg Beta, Global Founders Capital, Plug & Play Ventures, GIT1K Club and a group of unnamed investors, according to a report from TechCrunch.
Alongside the funding round, the CyberTech company has launched a free tier of its offering. The tier includes vulnerability scans, 20 containers each month, CI/CD templates, rapid risk scores, export reports and more. This version only has email support.
RapidFort automatically optimises containers and reduces vulnerabilities and patch management queues.
The platform profiles containers to understand what components are needed to run. It can then identify which packages are needed.
Some of the benefits of using RapidFort, according to its website, include reducing vulnerabilities to be remediated by 60% and 90%, reduce patch management backlogs by 90%, address compliance issues upstream, achieve compliance quicker, spend less time tracking licenses and updates, and more.
Felicis founder and managing partner Aydin Senkut told TechCrunch, “We are excited about security because, despite the big tech pullback in the market overall, security seems to be the most resilient sector.
“We get excited about it because I think overall, software that is deployed everywhere — government and private — is only growing larger and I think there will be many vectors that security companies will need to address. So given that software is not getting smaller but getting much bigger, we felt that it was actually a very pragmatic and smart thing to back RapidFort. We really liked their approach.”
Earlier in the week, Quickpass Cybersecurity collected an additional $3m for its Series A. The fresh equity injection, which was supplied by Arthur Ventures, brings the round’s total to $7m.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
