Cybersecurity has become a white subject in the world of technology. Not only do data violations continue tirelessly, but also the security companies themselves are accordingly. One of the fastest, Wiz, has been the subject of an acquisition offer of $ 23 billion now wound by Google.
Today, another cybersecurity startup, by coincidence closely associated with WIZ, has collected an important series of funding.
DazzleWhich focuses on the sanitation of vulnerability for companies that use cloud services, has raised $ 50 million in equity funding. The startup does not disclose its valuation, but sources close to the company say that the figure is just under 400 million dollars after my money.
The collection of funds from the company arrives at a wild moment in the world of cybersecurity. Not only has WIZ moved away from an acquisition offer of 23 billion dollars in Google, but also one of the largest players on the market, the crowdstrike listed on the stock market, published a defective update just a week ago which caused a major breakdown in its massive customers, bringing chaos to millions of people worldwide.
Although none of these stories is directly linked to the most critical cybersecurity problems with which we face – violations, data leaks, breakdowns due to malicious activity – they both indicate how the cybersecurity companies are on the market right now.
Dazz works with larger companies, and although it does not disclose income figures, he says that income has increased more than 400% in the past year.
Existing investors Graylock Partners, Cyberstarts, Insight Partners and Index Ventures are collectively described as “leading” the Tour. Dazz, launched in 2021, now has the total about $ 110 million.
Dazz has its registered office at Palo Alto, but its roots are in Israel, and these roots are deep. Merav Bahat, its co-founder and CEO, worked for years at Microsoft’s Cloud Security Business, which made its debut when Microsoft acquired Adallom, the previous startup founded by Wiz creators.
Bahat played a decisive role in taking Microsoft’s cloud security unit to a $ 2.5 billion company when she left to start Dazz in 2020. This subsidiary is now worth more than $ 20 billion.
Bahat picked up two very important things during his stay in Microsoft.
The first was a close friendship with Assaf Rappaport, the CEO and co-founder of Adallom, and later Wiz. They are both based in New York and Tel Aviv, and Bahat is the rapport dog goalkeeper and the second informal human family. In the company with others, the two founders could even finish the other’s sentences. And when Rappaport was preparing to start Wiz, Bahat became one of his first investors. (Yes, she would have greatly benefited the sale in Google.)
The other thing Bahat recovered was a very solid understanding of what works in cloud safety, what is not doing and what could use much more R&D and attention. It is with this knowledge that she co -founded Dazz with two other cybersecurity veterans, Tomer Schwartz (CTO) and Yuval Ofir (VP R&D).
Prospects and customers, said Bahat, all work with a wide range of cloud safety platforms like Palo Alto Networks, Wizs and Crowdstrike. But with all these elements, she said, there remains a gap and an opportunity to focus specifically on the correction, which is the next step after vulnerabilities, configuration errors or violations are identified.
“When we talk to (security teams), what we hear is that as regards vulnerability, hierarchy and sanitation, no one has solved these problems.” Part of the reason, she explained, is that it is a very manual and complicated process due to the volume of problems that arise in a typical network.
“All safety tools are really focused on visibility and detection and give you what is wrong. So much trouble is not going, “she said. “Some of the organizations I work with, they could find millions of vulnerabilities that are not served and unresolved.” A customer had up to 1.2 billion vulnerabilities identified in his network, she noted.
There is a Number of other players in the restoration spaceincluding large safety platforms. Dazz’s breakthrough seems to be its technology to consolidate the vulnerability reports identified in several Cloud architectures and environments (it describes this as a “unified” correction). The company has also created an AI AI automation layer which prioritizes problems and identifies vulnerabilities close to active work and which are in sleep so that the safety teams can organize themselves more efficiently, then it helps to solve these problems.
Bahat said that correction efforts before could just address about 10% of vulnerabilities (hopefully the most alarming) in the past, but Dazz’s approach can approach from 50% to 80%.
Companies and Wiz have certainly benefited from the current trend of companies to provide it with fewer suppliers of “one -shop shops”. But there is always an argument to have occasional solutions for certain functions. Dazz and its investors believe that sanitation is one of these areas, especially when the so -called single glass component can approach all the assets of a company – whether in the cloud or on site.