Israeli cloud security startup Lightspin announced on Wednesday that it has raised $16 million Series A funding in a round led by Dell Technologies Capital with significant participation from existing investor Ibex Investors. This round brings total funding to date to $20 million.
Founded in 2020, Lightspin has developed a context-based cloud security platform for cloud-native and Kubernetes environments. The platform provides a full contextual view of all cloud assets and relationships, maps the potential attack paths, and prioritizes and remediates the most critical security issues from build to runtime. According to the company, its solution is deployed in companies ranging from startups to Fortune 500 corporations and it has been experiencing exceptional market growth.
“Receiving this recognition from Dell Technologies Capital, a preeminent investor in fellow startups that are revolutionizing the cloud security space, such as Zscaler, Netskope, Twistlock and Redlock, as well as from Ibex Investors, who invested in Dome9, is a strong endorsement of Lightspin’s cutting-edge approach,” said Vladi Sandler, CEO and Co-Founder of Lightspin. “We are delighted to have the faith of such experienced and proven investors behind us to build the next generation of cloud security.”
Lightspin, which currently employs 20 people, plans to triple the current number of employees with the new funding while maintaining its commitment to gender balance across all departments. New hiring will be divided between Israel and the US.
“There is strong consensus within the CISO network that Lightspin has built the right platform to understand and prioritize the risks of potential attacks in cloud environments,” said Alon Weinberg, Director at Dell Technologies Capital. “By providing clear context and actionable remediation options, Lightspin is also bridging the gap between DevOps and security teams both in the build stage and in production.”
Nicole Priel, Partner at Ibex Investors, continued, “Lightspin has demonstrated exceptional growth and technical innovation using graph-based algorithms to effectively protect cloud and Kubernetes environments, all while relieving security owners of alert fatigue."