Cyberpion Secures $27M in Series A Funding to Expand External Attack Surface Management and Protection
A unique approach reveals and mitigates risks throughout the digital supply chain of a company’s unknown and uncontrolled online assets
Jacques BenkoskiGeneral Partner at US Venture Partners Joins Cyberpion Board Following Investment
Kirkland, Wash.and TEL AVIV, Israel, March 30, 2022 /PRNewswire/ — cyberpiona cybersecurity leader in external attack surface management (EASM), today announced $27 million in a Series A funding as companies seize the urgency to solve the difficult challenge of managing unknown risks and vulnerabilities in their direct and indirect digital supply chain infrastructure. The funding was led by one of Silicon Valley’s most established and accomplished investors, US Venture Partners, with general partner Jacques Benkoski joining Cyberpion’s board of directors. Existing investors Team8 Capital and Hyperwise Ventures also participated in the round.
“Traditional third-party risk management solutions have focused exclusively on vendors and IT infrastructures that are directly connected to the business, an outdated approach that ignores the true scope of the problem. Most organizations don’t even consider the vendor of their vendors as an immediate cyber risk.Cyberpion is the only platform to directly address this issue by continuously assessing all external assets – from 3rd party, 4th to Nth party connections – and providing automatic defense against impending attacks. We look forward to playing a key role in one of the fastest growing areas of cybersecurity,” commented Jacques Benkoskigeneral partner at USVP.
EASM has grown in importance as businesses expose themselves and their customers to more technology partners and third-party online solutions whenever new features are added to their online presence. In turn, each of these partners is exposed to their own third-party IT assets and infrastructure, creating an ever-expanding hyperconnected attack surface for the business. Extremely complicated for businesses to manage securely, this modern attack surface is particularly attractive to hackers who seize or exploit vulnerabilities in these assets to carry out attacks such as the injection of third-party malicious code (attacks Magecart type) and poor cloud configurations.
According to Cyberpion’s researchNearly two-thirds of Fortune 500 companies’ IT infrastructure exists outside of their organization, a quarter of which have known vulnerabilities that threat actors could infiltrate to gain access to sensitive employee or customer data. IBM recently cited cloud misconfiguration as the third most common security risk breach, accounting for 15% of data breaches, while Magecart data skimming attacks continue to devastate businesses globally and are ready to operate some of the biggest global brands.
“External attack surface management has been clearly established as an area of cybersecurity since we emerged from stealth 18 months ago, and demand for our phased approach has been proven by our exceptional growth in the clientele”, says dr. Nathanel GelernterFounder and CEO, Cyberpion. “We have simplified a complex task of helping businesses reduce exposure to risk arising from the unknown and the uncontrollable by mitigating vulnerabilities across the entire digital supply chain. We are at vanguard of the EASM revolution and this round of funding will double our headcount in engineering, research and sales.”
Ran Nahmias, Co-Founder and Chief Commercial Officer of Cyberpion adds: “We are thrilled that USVenture Partners, a leading Silicon Valley-based venture capital firm, has joined our existing investors in supporting our journey to help organizations reduce their external attack surface and prevent potentially devastating attacks. This investment strengthens our position to hire talent as we grow the business, and will enable us to further develop our platform capabilities, accelerate time-to-market across key geographies and verticals, as well as help us attract more channel and technology partners. »
Cyberpion’s platform continuously performs discovery and vulnerability assessments on all external enterprise assets, connections, and third-party platform dependencies far beyond the coverage of other security tools. By establishing a comprehensive, up-to-date, prioritized, and actionable inventory of vulnerabilities, the platform provides security teams with clear guidance on high-priority threats and the actions they need to take to resolve them before they can be exploited. With day one prevention and no required installation, configuration or modification of existing IT, Cyberpion relies on machine learning to provide automatic protection without any human intervention.
Cyberpion solves the growing cybersecurity challenge of understanding the risks and vulnerabilities of your connected online assets that form an external attack surface. Knowing how vulnerable your organization is, where these threats are coming from, and which infrastructures are at risk is essential to preventing an attack and strengthening your security posture. Cyberpion makes organizations aware of these vulnerabilities and helps mitigate them by continuously discovering, inventorying, monitoring and assessing the threat vectors present in online ecosystems that exist outside the traditional security perimeter. With an R&D team based in Israel, the company is backed by leading cybersecurity venture capitalists. To learn more, visit cyberpion.com.
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