Vicarius, a leading player in vulnerability remediation, has successfully raised $30 million in a Series B funding round led by Bright Pixel Capital. The round, which doubled Vicarius' previous valuation, saw participation from AllegisCyber Capital, AlleyCorp, and Strait Capital. This latest funding brings Vicarius' total raised capital to approximately $56.7 million, according to TechCrunch.
The Israeli startup has garnered attention for its innovative approach to cybersecurity, leveraging generative AI and introducing tools like vuln_GPT, a text-generating AI tool designed to assist in crafting breach detection and remediation scripts. The company's growth has been impressive, achieving a 5x year-over-year increase and expanding its customer base to over 400 brands, including notable names like PepsiCo, Hewlett Packard Enterprise, and Equinix.
Michael Assraf, the co-founder and CEO of Vicarius, disclosed that the funds would be directed towards advancing the company's product roadmap and doubling its current team of 43 professionals. Vicarius has differentiated itself by automating the discovery, prioritization, and remediation workload for security and IT teams. The company's self-service model allows customers to transparently test and experience value before making a purchase decision.
Founded by Michael Assraf, Yossi Ze’evi, and Roi Cohen, Vicarius focuses on intelligent permission management for system-level APIs. The platform analyzes applications for vulnerabilities and notifies customers, offering solutions even when a patch is unavailable through its "in-memory protection" feature. Additionally, Vicarius has created a community of security vulnerability researchers who contribute and share remediation and detection scripts, earning virtual currency in return.
Vicarius aims to play a significant role in AI-based vulnerability remediation, covering detection, prioritization, and proactive remediation. The company plans to expand into new markets, with a particular focus on the Asia Pacific region, while enhancing integration with existing platforms like ServiceNow and Jira. As the cybersecurity landscape evolves, Vicarius remains committed to consolidating, personalizing, and scaling the vulnerability remediation process for businesses worldwide.