Vicarius Raises $30M in Series B Funding for AI-Driven Cybersecurity Solutions
Vicarius, the cybersecurity platform specializing in vulnerability remediation, has successfully secured $30 million in a recent Series B funding round led by Bright Pixel Capital, with participation from AllegisCyber Capital, AlleyCorp, and Strait Capital. The funding, doubling Vicarius’ previous valuation, brings the total raised to approximately $56.7 million. Notably, the startup has experienced a remarkable 5x year-over-year growth, drawing attention from investors.
The company’s recent product, vuln_GPT, a text-generating AI tool, has further propelled Vicarius into the spotlight. This tool aids in crafting system breach detection and remediation scripts, contributing to the company’s innovative approach in the realm of generative AI for cybersecurity.
Vicarius, founded by Michael Assraf, Yossi Ze’evi, and Roi Cohen, distinguishes itself by automating the discovery, prioritization, and remediation workload for security and IT teams. With a customer base exceeding 400 brands, including major names like PepsiCo, Hewlett Packard Enterprise, and Equinix, Vicarius has established itself as a prominent player in the cybersecurity space.
The company’s unique self-service model allows customers to transparently test and find value before making a purchase decision, disrupting the traditional paradigm of cybersecurity solution buying. Vicarius focuses on analyzing apps for vulnerabilities, offering in-memory protection when patches are unavailable, and fostering a community of security vulnerability researchers.
Looking ahead, Vicarius plans to utilize the funding to advance its product roadmap and expand its 43-person team. The company aims to lead AI-based vulnerability remediation across all stages, from detection to prioritization to proactive remediation. Ambitious plans include allowing researchers in their community to spend virtual currency on products, launching educational courses, and integrating their platform with existing ticketing platforms such as ServiceNow and Jira.
As Vicarius continues to grow, it eyes expansion into new markets, particularly in the Asia Pacific region, while consolidating its presence in North America and Europe. The startup addresses the industry-wide challenge of deploying vulnerability management processes efficiently and aims to provide a comprehensive platform that consolidates, personalizes, and scales the vulnerability remediation process for enterprises.
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