Wednesday, April 24, 2024
HomeRecent ArticlesVicarius Raises $30M Series B Funding

Vicarius Raises $30M Series B Funding

Vicarius, developers of vRx, the industry’s first fully autonomous end-to-end vulnerability remediation platform, today announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding, including investments from previous investors such as JVP, is now over $56 million. The vulnerability management market is expected to grow to over $21 billion by 2028.
Co-founders of Vicarius (L-R) – Roi Cohen, Michael Assraf and Yossi Ze’evi

Vicarius, developers of vRx, the industry’s first fully autonomous end-to-end vulnerability remediation platform announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding, including investments from previous investors such as JVP, is now over $56 million. The vulnerability management market is expected to grow to over $21 billion by 2028.

Read also – Pakistan-based Sehat Kahani Joins Hands with EFU Health Insurance

The capital will be used to accelerate the company’s expansion at a global scale and support its growing base of worldwide customers, from North America to Europe. The funding will also further advance Vicarius’s AI roadmap and industry-leading pace of product innovation while continuing to support the company’s community initiatives such as vlabs, the R&D division dedicated to developing free security tools for the cybersecurity community; vsociety, the community for security researchers and hackers that has grown to over 5,000 members; and vconnect, the partner dashboard with unparalleled visibility into the commercial pipeline from trial to close.

Read also – Lighthouse Canton and NH Absolute Return Partners Signs MOU

“Whenever we look at companies in the growth stage, we not only consider the founders’ mission and objectives but also the intangible factors that often get overlooked when assessing market potential,” said Fernando Martins, Investment Director at Bright Pixel. “It was clear from the multiple discussions that we had with Michael, Roi, and Yossi that their team-building skills are elite. It’s this special combination of deep technical expertise with strategic hiring that makes Vicarius a very attractive company for us.”

Read also – DBJ and Epson Invest in 3DEO Inc.

“The platform itself is remarkably user-friendly, making it accessible to both beginners and experts alike,” says Jakab Akos, a vsociety member. “But what truly sets vsociety apart is its awesome community, who support and inspire each other on a journey of continuous learning and exploration in the world of information security.”

Read also – BYD Singapore Partners with Charge+

“We are immensely excited to partner with the Bright Pixel team. Their wealth of experience will help us grow our company to the next level,” said Michael Assraf, CEO of Vicarius. “Vicarius is best positioned to take on the much-needed task of transforming the vulnerability management market from assessment to remediation. We are committed to growth and have been hard at work creating solutions that will be flexible to the changing AI landscape, all while staying core to our mission of protecting our customers from vulnerabilities.”

Read also – AquaExchange Raises $6M Series A Funding Round

About Vicarius

Vicarius helps security teams protect their most critical apps and assets against software exploitation through vRx (formerly TOPIA), the company’s autonomous end-to-end vulnerability remediation platform. Founded by three security experts and backed by tier-one cyber investors from Silicon Valley, Vicarius’ mission is to provide customers with problem-solving solutions that proactively reduce risk wherever computer software resides.

Read also – Groyyo Raises $5.4 Mn in Debt Funding Round

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular