Vulnerability remediation platform Vicarius has scored $24m from a Series A financing raise led by AllegisCyber Capital, JVP and AlleyCorp.
Executives from firms such as Okta, SecurityScorecard and Exabeam also took part in the funding round.
Founded in 2016, Vicarius protects clients against exploitation of yet-to-be-discovered software vulnerabilities.
The company has developed Topia, which enables companies to predict, prioritise and protect against software vulnerabilities before they can be exploited by hackers. The platform identifies vulnerabilities within clients’ digital environments using a proprietary binary code analysis methodology. From here, these vulnerabilities are prioritised, building a live threat map of the organisation’s infrastructure, using asset context analysis.
Finally, a shim layer is deployed to protect software from identified vulnerabilities by limiting access to its exploitable code in real-time.
Vicarius claims it solution also helps to bring together security and IT teams within an organisation to streamline the vulnerability management process, as well as providing machine-generated data prioritisation to help organisations immediately address emerging threats.
According to Vicarius, it will use the new capital to expand its engineering operations, sales and support teams.
Vicarius CEO Michael Assraf said, “By consolidating down the vulnerability remediation process to one platform and eliminating the complexity associated with siloed products and closed communication channels, we are bringing security and IT teams together under one roof to take action and reduce risk.”
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Copyright © 2018 RegTech Analyst
