HomeLatest UpdatesCyber startup Vicarius raises $30 million Series B for vulnerability remediation plat

Cyber startup Vicarius raises $30 million Series B for vulnerability remediation plat

Israeli startup Vicarius, which develops an autonomous end-to-end vulnerability remediation platform, announced on Wednesday a $30 million Series B led by cybersecurity investment firm Bright Pixel Capital. AllegisCyber Capital, AlleyCorp, and Strait Capital all participated in the financing. The company’s total funding, including investments from previous investors such as JVP, is now over $56 million.

Founded in 2016 by Michael Assraf, Yossi Ze’evi and Roi Cohen, 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.

Since the company’s last round of funding in 2022, Vicarius has grown its customer base to over 400 customers, adding global organizations like PepsiCo, Hewlett Packard Enterprise (HPE), Bupa, and Equinix, along with more than two dozen Fortune 500 companies.

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.

“Vicarius is best positioned to take on the much-needed task of transforming the vulnerability management market from assessment to remediation,” said Michael Assraf, CEO of Vicarius. “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.”

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