Investors Bet on Cyberpion in Attack Surface Management Space
Attack surface management specialists Cyberpion has secured $27 million in early-stage funding to build technology that helps organizations manage exposure to risk.
Cyperpion, which maintains headquarters in Tel Aviv, Israel, said the Series A investment was led by U.S. Venture Partners. Existing investors Team8 Capital and Hyperwise Ventures also participated in the round.
Cyberpion emerged from stealth less than two years ago with technology promising to help enterprise defenders with an extensive inventory of digital assets and tools to manage security assessments on a continuous basis.
The attack surface management space is becoming crowded with multiple startups jostling for a piece of the pie. Even amidst this competition, investors are continuing to bet there’s big profits to be made by combining asset discovery, asset management, patch management, shadow IT into subscription packages.
According to data from Cyberpion, approximately two thirds of Fortune 500 companies’ IT infrastructure exists outside their organization, a quarter of which were found to have known vulnerabilities that threat actors could infiltrate to access sensitive employee or customer data.
“External attack surface management has been clearly established as a cybersecurity domain since we emerged from stealth 18 months ago,” says Cyberpion co-founder and chief executive Nethanel Gelernter.
“We’ve simplified a complex task of helping enterprises reduce the risk exposure derived from the unknown and uncontrolled by mitigating vulnerabilities across the entire digital supply chain,” he added.
Gelernter said the company would use the new cash to double its employee headcount in engineering, research and sales.
Cyberpion has raised a total of $35 million since its launch in 2016.