Security automation startup Veriti launches out of stealth with $18.5M

Verity, a platform for integrating cybersecurity infrastructure, currently emerged from stealth with funding of $18.5 million, a mix of $12 million from Insight Partners and a $6.5 million round led by NFX and Amity. According to CEO Adi Icahn, the newly introduced capital is being channeled towards growing Verity’s enterprise operations and building out its product suite.

Verity’s launch comes as VCs go on to signal enthusiasm for cybersecurity startups, even when local weather has widely unfavorable funding. according According to Pitchbook data, venture capital investment in the security sector rose to $13.66 billion this year – up from $11.47 billion in 2020. and the international cyber security market is Estimate It will be worth more than $500 billion by 2030.

Founded in 2021 by Icahn and Oren Koren — each ex-Check Point officer — Verity integrates with an organization’s current security stack to measure threat currency by analyzing security configurations, logs, sensor telemetry and risk intelligence feeds. The platform taps AI to determine which events are potentially affecting an enterprise’s uptime and present a base trigger, as well as increased security policy to address the impacts.

“Enterprise security posture is usually sub-optimal. This is due to a number of reasons, including equipment dispersion, increased complexity, large amounts of data, and limited resources,” Koren instructed Thelaik in an electronic mail interview. What inspired us to build on Verity’s platform – to address these complexities and help IT and security stay on top of this challenge.”

Koren says that Variety can enhance security groups’ efforts in identifying security gaps, ultimately reducing the time spent on monitoring and maintenance duties. They argue that the increasing diversity of security options in organizations can introduce complexity because each resolution has its own individual capabilities and tools to study, while the amount of alerts issued by the options themselves obscure visibility into the exact security posture. produces.

Koren is not a fair supply at all. But he isn’t the only one who has noticed these troubling traits in enterprise security. a current Survey More than 800 IT professionals found that about 60% were receiving more than 500 cloud security alerts per day, and that alert fatigue created by Amount triggered 55% of critical alerts on both a day-to-day or weekly basis. ignores.

Icahn noted via electronic mail, “While recording more detailed security capabilities, the proliferation of security solutions creates room for misconfiguration that can result in unintentional security gaps and adversely affect business by blocking legitimate applications and users.” can make an impact.” “IT and security leadership today have a poor idea about the correct use of security investments and the effective security posture of their organizations.”

Verity’s problem can demonstrate that its strategy is superior to the opposite security currency-analysis platforms available on the market. Rival vendor SecureFrame offers a service that integrates with cloud suppliers and apps to learn the security postures of its customers. Predator, another competitor, aims to automate the process of threat hunting by taking knowledge from networking and security tools to detect sneak attacks.

It’s very early days for Verity — Koren will not reveal the scale of the company’s buyer base or current earnings. But he’s betting that Variety’s tech experience will help it stand out from the pack. He added, “By leveraging modern technologies such as machine learning, with a focus on automation, we aim to provide modern teams with a way to maximize the security situation, minimizing issues affecting business uptime, ” He mentioned.

As the proverb goes: time will inform.

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