Israeli cybersecurity startup Seemplicity emerges from stealth with $32 million to consolidate security alerts, and speed up response times.
The funding includes a $26 million Series A round led by Glilot Capital Partners through its early growth fund, Glilot+, with participation from new investors NTTVC and Atlantic Bridge, and existing investors S Capital and Rain Capital.
The company previously raised a $6 million seed round led by S Capital. Seemplicity is already serving over 20 customers globally, including Fortune 500 and publicly traded companies.
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René Bonvanie, Tom Banahan, Mark Smith, and Kevin Mahaffey were among the notable cyber security investors that participated in the funding rounds.
Founded in 2020 by CEO Elad Yoran, CTO Rotem Cohen Gadol, and CPO Ravid Circus, three cybersecurity veterans with experience in building security programs and developing data-driven software, Seemplicity aims to reduce companies’ security risks. The company cuts out time wasted on manual operations by as much as 80% and increases remediation throughput by 6X.
Businesses invest extensively in employing security professionals and deploying different security solutions. Yet, time to remediation remains persistently lengthy, and hundreds of hours are squandered manually distributing remediation duties around the firm.
With remediation frequently dependent on people, processes, and infrastructure outside of the security team’s direct control, a tremendous amount of time is wasted on untangling, delegating, and tracking the status of every security discovery distributed around the business. It is impossible to scale these approaches in today’s fast-changing risk landscape and technological stack.
“The ever-changing threat landscape of cybersecurity opens up organizations to more risks, necessitating the adoption of more security solutions. Ironically, though, the more cybersecurity tools a company uses, the less efficient its security team becomes at controlling and reducing risk,” said Lior Litwak, Managing Partner of Glilot+, Glilot Capital’s early growth fund.
“By streamlining the operational element of cybersecurity and building a dynamic, real-time bridge between security and remediation teams, Seemplicity enables organizations to both significantly improve their cyber risk posture and address their ever-increasing workloads.”
“From the get-go we knew we were dealing with strong founders who are leading subject matter experts. The vision they set out quickly translated into a platform that provides significant value to its customers, which over the past year has continued to grow,” said Aya Peterburg, Managing Partner of S Capital.
