Israeli predictive cyberthreat provider Vicarius announced Wednesday that it raised $5 million in a seed funding round. The round was led by Jerusalem Venture Partners (JVP), with participation from the Berlin-based Innogy Innovation Hub and Singapore’s Goldbell Group.
The funding will accelerate the firm’s international growth and operating scale, the company said in a statement. It will also help build their Tel Aviv and US offices and expand its product offering, making it available to more clients in multiple industries.
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Founded in 2016 by cyber experts Michael Assraf, Roi Cohen and Yossi Ze’evi, Vicarius says it’s the first cybersecurity platform worldwide to empower companies with proactive attack mitigation strategies for software vulnerabilities in real-time. The company uses artificial intelligence and machine for its proprietary Vulnerability Assessment (VA) tech which detects exposures in software before hacks can happen. The company’s tech offers customers built-in, immediate solutions and prioritization tools “in a functional ‘risk-snapshot’ dashboard to securely reinforce threat zones.”
“Despite the increasingly sophisticated nature of cyber threats and software weaponization, little has changed in over a decade in the management and ‘patching’ or upgrading systems against cyberthreats,” said Michael Assraf, CEO & co-founder at Vicarius. “Unlike current approaches that reactively map out potential threats based on pre-existing vulnerability data, Vicarius’ algorithm maps predict vulnerabilities and potential zero-days based on live attack scenarios, offering an elimination pathway suitable for the zero-day malware era.”
“Vicarius’ platform, based on machine learning and dynamic binary instrumentation, provides a defense from yet-to-be-discovered software vulnerabilities through a multi-step solution: discovering security loopholes, prioritizing threats and protecting systems. This new approach safeguards any software without involving the vendor or IT teams,” said Gadi Porat, partner and head of JVP Cyber Labs, who also joins the board with this round. “After a decade of limited technological breakthrough in this field, Vicarius offers a pioneering solution to identify, manage and predict software vulnerabilities in a fast, efficient and cost-effective way and we’re delighted to be investing.”
The company’s US team will work out of NYC’s first international cybersecurity investment hub established by JVP.