Israeli predictive cyberthreat solutions provider, Vicarius, raised $24 million in Series A Funding round led by cybersecurity investment firms, AllegisCyber Capital, JVP, and AlleyCorp with additional capital support from industry executives representing Okta, Security Scorecard, and Exabeam.
The new funding will be used to inject new life into the security and vulnerability management market and further expand upon the company’s proprietary “cloud-first, integrated solution that closes the loop from discovery to remediation” to account for the shifts towards remote work and cloud-based applications.
The investment will enable Vicarius to triple their employee roster by 2023 and expand their sales, support, and engineering operations to thoroughly assist its 150 clients spread across multiple tech indistry verticals.
Founded in 2016 by security experts, Michael Assraf, Yossi Ze’evi and Roi Cohen, Vicarius equips IT and security teams with a fully automated platform called TOPIA to “assess, prioritize, and remediate vulnerabilities in applications, assets, and operating systems.”
“The misalignment and ensuing friction between security and IT is a 15-year-old problem that still hasn’t been solved,” said Michael Assraf, CEO of Vicarius. “From our experience working in these roles, we understand the pain and frustration of not having a streamlined solution. 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.”