Cybersecurity is becoming increasingly complex due to the ever expanding threat landscape – more services in the cloud, more digital operations and more devices mean more attack surfaces and variations for malicious hackers to inject into networks and therefore more tools to combat this – and that means more work for operations teams tasked with responding to security threats. A startup called today simplicity comes out of the cover with $32 million in funding for a platform it believes will help ease that burden.
Funding for the Israel-based startup comes in the form of a $6 million seed round and $26 million Series A. Glilot Capital Partners, leads Series A with new investors with its early-growth fund Glilot+ NTTVC and Atlantic Bridge and previous supporters S capital and Rain Capital is also participating. S Capital led its seed round.
Ravid Circus – CPO of Seemplicity, who co-founded the company with Yoran Sirkis (CEO) and Rotem Cohen Gadol (CTO) – said the company has decided to now come out of the cover and publicly launch with news about its funding, in part had recently closed because of the second round, and partly because it has already attracted a decent number of customers: 20 companies covering Fortune 500 and publicly traded companies in various sectors (none of whom are yet ready to disclose their name).
Seemplicity is a portmanteau of “see” and “simplicity,” and it does just that: help DevOps and SecOps teams get a more complete picture of an organization’s security posture by simplifying the view.
The problem is pretty simple, but tricky: DevOps teams today face a tough task that, in some ways, only gets tougher. According to both, the number of violations is growing General and specific accounts; and that leads to an ever-growing array of tools targeting different aspects of security, covering specific domains and use cases such as applications, SaaS, cloud, and endpoint security. But although there has been a major evolution in security towards much more automation to handle some of the alerts generated by these various security apps, there are still a number of issues that require human involvement, to address and ultimately resolve them.
This, in turn, results in a massive flood of data pouring down on these DevOps teams that is difficult to analyze before taking action.
That’s where a product like Seemplicity comes in: it takes all those alerts and orchestrates them to figure out which ones are related, which ones can be bundled, which ones are more urgent (because they’re central to the way something works, or because it’s, for example could signal a cascading problem) and that can be fixed by fixing something else.
By doing this, “we enable an organization to repair and rehabilitate more effectively so that they are less involved in fighting fires,” Circus said. “The way to reduce security incident times is to fix them faster.” The platform can be configured by organizations, but it also learns from its use, according to Circus.
This is a particularly acute problem for larger organizations, the companies that Seemplicity already serves and that are targeting more business. His customers typically have 20,000+ employees and potentially as many as 15 or 20 DevOps and SecOps teams with multiple security programs and protocols already in place. So it’s about channeling work more effectively between these organizations, as well as identifying how best to tap into the work’s treasure trove. Given that teams are more distributed today than ever before, that’s also part of the reason they need better tools to manage how they work and what they work on.
“In fact, I would say the main factor isn’t the complexity, just the scope of the refurbishment,” Circus said.
Seemplicity joins a seemingly growing body of tools to help manage SecOps — resilience is another aimed at improving some of the busy tasks of SecOps teams; ServiceNow also builds more in this area; and stuff like that Jira, which is already so ubiquitous in DevOps, could also be used to address this. But Circus said it looks like Seemplicity is the only purpose-built tool today that aims to consolidate and prioritize notifications from security apps that address all different aspects of how a network works and give it (at least for now) give a kind of moat ). The three founders have a combined background in enterprise security, which means they know the challenges first-hand and have developed this product to address them.
“The ever-changing cybersecurity threat landscape exposes organizations to additional risks and requires the adoption of additional security solutions. Ironically, the more cybersecurity tools a company uses, the less efficient its security team becomes at controlling and mitigating risk,” said Lior Litwak, managing partner of Glilot+, Glilot Capital’s early growth fund, in a statement. “By streamlining the operational element of cybersecurity and building a dynamic, real-time bridge between security and remediation teams, Seemplicity enables organizations to both significantly improve their cyber risk posture and manage their ever-increasing workload.”
“We knew from the start that we were dealing with strong founders who are leading experts. The vision they articulated quickly translated into a platform that delivers significant value to their clients and has continued to grow over the past year,” said Aya Peterburg, Managing Partner of S Capital.
“CISOs need to rethink their security automation and processes as they tackle challenges with access to talent and lead increasingly distributed teams,” said Vab Goel, founding partner at NTTVC. “Seemplicity provides a unique, simple and powerful automation platform that aligns the entire security organization to the actions with the greatest impact.”
Seemplicity emerges from stealth with $32M to consolidate security notifications and speed up response times – TechCrunch Source link Seemplicity emerges from stealth with $32M to consolidate security notifications and speed up response times – TechCrunch