Cybersecurity innovators, Ben Bernstein, Dima Stopel, and John Morello, once at the helm of Twistlock – a cloud-native security vanguard acquired by Palo Alto Networks in 2019, today announced the initiation of their new venture, Gutsy.
Gutsy, a startup aiming to redefine the security governance market, has impressively garnered $51m in seed capital, with YL Ventures and Mayfield steering the funding ship.
In a recent survey conducted by Gutsy, disturbing figures were highlighted, suggesting that the security governance sector is riddled with inefficiencies and breakdowns. Over half of the surveyed enterprise CISOs conceded that their security tools aren’t optimally utilised, resulting in process failures causing nearly 38% of security incidents. Furthermore, a whopping 63% of audit findings emerge from these security process disconnections.
Diving deeper into Gutsy’s proposition, the firm integrates process mining into cybersecurity, marking a revolutionary step forward. By amalgamating data-driven insights about an organisation’s internal team dynamics, the tools they employ, and the processes they uphold, Gutsy paves the way for a more transparent and informed decision-making process for security leaders.
Ben Bernstein, CEO and co-founder of Gutsy, elaborated on the issue at hand, “Customers often tell us they have 80 or 100 different security tools, but they consider less than half of them to be well operationalized, so they struggle to get the outcomes they need. That’s because security is more than just tools; it’s people, process, and technology.
“But today security processes are more complex and opaque than ever. Gutsy revolutionizes governance by taking a process and outcome focused perspective, helping you understand how all the pieces work together, what results you’re delivering, and why you’re getting them.”
The list of backers for Gutsy’s funding round is nothing short of stellar, boasting names like George Kurtz, Chenxi Wang, Mickey Boodaei, Udi Mokady, and Assaf Rappaport. Alongside the financial commitment, Navin Chaddha of Mayfield and Yoav Leitersdorf of YL Ventures have taken seats on Gutsy’s board, with Michael Cortez of YL Ventures playing an observer role.
Gutsy’s software solution provides users with numerous capabilities, from enhancing outcomes by identifying areas of friction and removing operational delays to transforming the tedious task of auditing into a more meaningful assessment. Moreover, the platform enables leaders to measure the risk associated with strategic projects like cloud migration and adopting new security tools.
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