Vulcan Cyber Ltd. announced on Wednesday a $4 million seed funding from Silicon Valley and Tel Aviv-based YL Ventures with participation from investors including Giora Yaron, chairman of the Executive Council of Tel Aviv University.
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Vulcan is a cybersecurity startup developing and operating a platform where security teams can gain insight into vulnerabilities in organizational computer networks. In a statement, Vulcan said it aims to reduce the time it takes to resolving security issues in organizations from months to hours.
According to the company, IT security teams today rely on dozens of vulnerability assessment and patch management tools to detect breaches. Vulcan’s platform aggregates and analyzes data from dozens of scanning tools, automatically prioritizing and coordinating fixes.
Vulcan was founded earlier this year. The Vulcan Platform is currently in limited availability and will be widely available in late 2018.
YL Ventures invests in Israeli startups, managing $135 million across three funds focused on seed-stage B2B companies in the fields of cybersecurity, enterprise software, and autonomous vehicle technologies.