Valence is a new Israeli cybersecurity startup has only just revealed itself, coming out of stealth mode. Valence says that it offers the first security platform to bring zero trust principles to the Business Application Mesh. The company just brought in $7 million in seed funding led by YL Ventures with participation from security executives and serial entrepreneurs.
It is somewhat ironic to hear that a cybersecurity firm has come out of its “stealth mode.”
Founded by Yoni Shohet, CEO, and Shlomi Matichin, CTO, Valence provides comprehensive visibility into the mesh of business application integrations and automated workflows, while identifying and mitigating associated risks and enforcing policy controls.
Cybersecurity firms are really bringing in the money these days. And investors certainly have reason to believe that cybersecurity will bring them their best return on investment. Neosec is another new Israeli cybersecurity startup that has recently revealed itself, coming out of stealth mode. A few weeks ago Neosec completed its Series A fundraise with a total investment of $20.7 million.
“With Valence, organizations get a clear view of the Business Application Mesh and a clear path to control, govern and secure it.”
And Israeli startup Duality Technologies, a provider of privacy-enhanced data collaboration cybersecurity solutions, raised a $30 million in Series B funding round, led by LG Technology Ventures. The round brings Duality Technologies’ total funding to date $49 million. Duality’s tech utilizes homomorphic encryption.
Valence calls itself the first Business Application Mesh security company, focused on managing the risks from third-party integrations and securing app-to-app connectivity in the modern business environment. Valence’s platform applies zero trust principles to the Business Application Mesh, a complex network of applications interconnected by APIs and hyperautomation workflows, to deliver visibility into the risk surface, reducing unauthorized access and preventing critical data loss.
Valence’s platform is already deployed at select global enterprises which the company says were able to “significantly reduce their risk surface with actionable insights.” The platform, boasts Valence, delivers “immediate, non-intrusive risk surface management, bringing Business Application Mesh connectivity out of the shadows, providing organizations with a visible map of their app-to-app integrations, and spotlighting risky third-party connections.”
“Too much risk or too much restriction leaves security teams with no good path forward,” says Yoni Shohet, Valence co-founder and CEO. “Our goal at Valence is to allow teams to understand and protect the Business Application Mesh risk surface from risky connections, activities, and third-party access without inhibiting its ability to grow and deliver more business value.”