Security automation startup Veriti launches out of stealth with $18.5M
Summary
According to CEO Adi Ikan, the newly announced capital is being put toward scaling Veritis business operations and developing its product suite.Veritis launch comes as VCs continue to show enthusiasm for cybersecurity startups despite the generally unfavorable funding climate. And the global cybersecurity market is projected to be worth over $500 billion by 2030.Founded in 2021 by Ikan and Oren Koren both ex-Check Point executives Veriti integrates with a companys existing security stack to evaluate risk posture by analyzing security configurations, logs, sensor telemetries and threat intelligence feeds. This is due to many reasons, including tool sprawl, increased complexity, massive amounts of data and limited resources, Koren told TechCrunch in an email interview. Hunters, another competitor, aims to automate the threat-hunting process by taking in data from networking and security tools to detect stealth attacks.Its very early days for Veriti Koren wouldnt reveal the size of the companys customer base or current revenue. By leveraging modern techniques like machine learning, focusing on automation, we aim to provide a way for modern teams to maximize security posture while minimizing issues that impact business uptime, he said.As the idiom goes: time will tell.