Cyber risk solution provider Silk Security launches with $12.5m

Silk Security, the first platform aimed at providing sustainable cyber risk resolution, has emerged from stealth mode.

Its launch marks a significant step forward in the cyber security landscape, as it offers an unprecedented approach to closing the gap between detecting security threats and actually fixing them.

The company has successfully raised $12.5m in seed funding, in a round led by global software investor Insight Partners. Other major participants included Hetz Ventures and the CrowdStrike Falcon Fund, along with well-known cybersecurity angel investors such as Shlomo Kramer, Mickey Boodaei, and Rakesh Loonkar.

Silk Security’s platform is designed to enable security and operations teams to collaboratively align risk discovery with risk resolution, thus enhancing enterprise security and compliance.

By incorporating AI technologies, the platform can consolidate and contextualise findings, automate prioritisation, and predictively assign fix ownership. Its unified approach provides actionable remediation advice and the ability to automate the follow-up process, addressing various interconnected challenges within the cybersecurity space.

While details of how the funds will be used have not been disclosed, the investment is likely to support the expansion and continued development of Silk Security’s platform. This will enable them to further consolidate the gap between detecting security findings and fixing them, with a focus on enhancing collaboration between various stakeholders in the process.

Silk Security was founded by three security professionals who experienced first-hand how frustrating the current process of alert remediation can be. The platform is also unique in that it automates ticketing and task routing across various workflow tools, helping to streamline remediation.

It has already received praise from users such as Michael Calderin, Director, Information Security and Compliance at YAGEO Group, who highlighted its ability to make “smarter, faster decisions.”

Insight Partners managing director Steve Ward said, “Silk gives cybersecurity teams the ability to aggregate and prioritize findings in a way that simplifies an overwhelming space for the teams that are responsible for the fix.”

Silk CEO and Co-founder Yoav Nathaniel commented, “We wanted to find a way to extend and augment existing tools to automate and optimize this tedious risk resolution process so that teams can collaborate on the issues that put their business at risk.”

CrowdStrike’s vice president corporate development and ventures, Gur Talpaz, also noted, “Silk Security enables teams to cut through the noise by consolidating alerts into a unified risk framework to streamline remediation and ensure best-in-class security posture.”

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