202417 Apr

Vorlon is trying to stop the next big API breach

Summary

Malicious hackers can leverage APIs to gain access to a companys sensitive information.Cybersecurity startup Vorlon says it helps businesses protect their data from such incidents using its platform, and it raised $15.7 million to improve its technology.Founded in 2022 by former Palo Alto Networks executives Amir Khayat and Amichay Spivak, Vorlon analyzes network traffic to detect and remediate potential API abuse in real time.In an interview, Khayat said the companys technology runs the analysis and lets the customer know "something that you need to be notified about and take an action on.Vorlon continuously observes a companys APIs and notifies them when vendors make updates, which helps to better understand their exposure or potential exposure, Khayat told TechCrunch. Vorlon also provides an AI chatbot to let businesses search for information in human natural language about any security threats or issues they have. "In many cases, organizations wont find out about a vendors data breach until months after the fact," said Steve Loughlin, partner at Accel, in a statement. "Vorlons ability to reduce the timeline between threat detection and remediation to minutes is what makes this technology so powerful. The company says it sees significant demand from the healthcare and financial sectors and targets enterprises with at least 1,500 employees.The Delaware-based startup, with an R&D subsidiary in Tel Aviv, currently has around 22 employees and plans to increase that number by adding more people to its sales and product R&D teams using the money from its Series A round, which was led by Accel.The all-equity round saw participation from Shield Capital and cybersecurity angel investors, including Demisto co-founders Slavik Markovich, Rishi Bhargava, Dan Sarel and Guy Rinat, who worked closely with Vorlons co-founders at Demisto before Palo Alto Networks acquired it in 2019.

Source: Yahoo

Funding

$15.7M
Amount
Apr 17 2024
Date
-
Investor
Vorlon
Company

Classifications

Companies