Dazz raises $50 million to accelerate AI-powered cloud security remediation
The company’s unified remediation platform provides visibility across all detection tools and environments, including code, clouds, applications, and infrastructure.
Dazz, which develops a unified security remediation platform, announced on Wednesday that it has raised $50 million in a funding round led by existing investors Greylock Partners, Cyberstarts, Insight Partners and Index Ventures. The latest round, which included a small secondary component, brings the company’s total funding to $105 million.
Full list of Israeli high-tech funding rounds in 2024
According to the company, it achieved a 400% increase in ARR between 2023 and 2024, while tripling its salesforce and expanding its footprint across all functions in the U.S., Europe, and Israel. Dazz currently employs 125 people and is expected to add dozens of additional employees in the coming months.
"In a world where security breaches occur on average every 11 seconds, the constant rise in AI-powered threats presents a prominent danger of more efficient and scalable attacks,” said Merav Bahat, Dazz Co-Founder and CEO. “At Dazz, we are experiencing remarkable business momentum, thanks to a critical market gap that Dazz uniquely addresses. The last year proved that our innovation and execution leads to unprecedented growth, which this new round of funding will accelerate. We are honored and excited to deepen our collaboration with the world’s top cyber investors, with their unwavering trust and support fueling our mission to simplify cloud remediation and help our customers harness the power of AI to prevent attacks.”
Related articles:
The company’s unified remediation platform provides visibility across all detection tools and environments, including code, clouds, applications, and infrastructure, and provides significant time savings for customers in researching security issues and reducing the Mean Time to Remediate (MTTR).
Dazz was founded by Bahat, former Deputy CEO at Microsoft’s Israel’s R&D Center. She left Microsoft at the end of 2020 after serving as General Manager in Microsoft's cloud security division. Her partners are CTO Tomer Schwartz, who founded Microsoft's Security Response Center in Israel, and VP of R&D Yuval Ofir. Tomer was one of the first employees at Armis Security, and previously managed research at Adallom, which was sold to Microsoft. Ofir is the former VP of R&D at Claroty. Ofir also served as a commander in the elite 8200 unit, where he served alongside Schwartz.
