Seemplicity, an Israeli cybersecurity startup that helps simplify vulnerability management, has raised $50 million in a Series B funding round. The round was led by Sienna Venture Capital, with support from Essentia Venture Capital and existing investors Glilot Capital Partners, NTTVC, and S Capital.
The company said it would use the new funding to accelerate development of AI-powered “agents” designed to give enterprises more actionable insights into security risks, while continuing its international expansion across the U.S., U.K., and Europe.
Seemplicity was founded in 2020 by cybersecurity experts Yoran Sirkis, Ravid Circus, and Rotem Cohen Gadol. The company calls itself an “exposure action platform” designed to reduce the manual, repetitive work of handling security issues.
Its platform automatically gathers, prioritizes, and assigns security fixes, which the company says reduces unnecessary “exposure noise” by 95%. This helps teams concentrate on the small percentage of vulnerabilities that matter.
“Security teams need a more actionable approach to exposure management,” said Yoran Sirkis, Seemplicity’s CEO. “Our AI-based platform proactively streams risk insights, generates fixes, and assigns work automatically to give teams their most valuable resource- time.”
The new funding comes after a year of strong growth for Seemplicity. Since its Series A round, the company has seen an 800% jump in annual recurring revenue and has tripled its number of customers.
Seemplicity says its platform now handles over 1.5 billion security findings every day for clients in different regions and industries.
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