Israeli startup Vulcan Cyber secured $10 million in Series A funding from Silicon Valley-based Ten Eleven Ventures and original seed backer YL Ventures. In addition, the company announced that Ten Eleven Ventures’ general partner Mark Hatfield has joined the Vulcan board and Glenn Chisholm, former CTO of Cylance and co-founder and CEO of Obsidian Security, has joined as an investor.
The Vulcan Cyber platform is designed to control and orchestrate security, DevOps, and IT tasks and tools, allowing enterprises to automate and scale their vulnerability remediation processes. Its contextual prioritization engine ranks vulnerabilities to the enterprise by correlating asset technical attributes and configurations, security assessment results, and threat intelligence. This approach allows teams to focus on the most critical vulnerabilities predicted to be exploited in their digital networks.
The company plans to use the funds to expand commercial operations in North America and grow development and support capabilities.