April 24, 2024 at 09:15AM
Nagomi Security, formerly Vena Security, emerged from stealth mode with a $30 million funding round led by TCV. Its platform optimizes existing cybersecurity tools by prioritizing risks, mapping security solutions to threats, and offering remediation plans. The company has seen rapid growth, garnering over $1 million in annual recurring revenue within six months of launching.
Key Takeaways from Nagomi Security Meeting Notes:
– Nagomi Security emerged from stealth mode on Wednesday with a platform designed to help customers optimize the use of their existing cybersecurity tools.
– Formerly known as Vena Security, the company had operated in stealth mode with seed funding from Israel’s Team8 venture group before raising $30 million in funding round led by TCV, with participation from CrowdStrike Falcon Fund, Okta Ventures, and several angel investors.
– Nagomi Security developed a proactive defense platform that enables security teams to optimize their existing cybersecurity solutions to identify risks, threats, and adversaries and their techniques. This platform allows for prioritizing risks based on the organization’s unique threat profile, mapping existing security tools to threats, and providing remediation plans.
– The platform relies on read-only API connections, integrating with solutions from vendors such as CrowdStrike, Microsoft, SentinelOne, Okta, Qualys, Rapid7 and Google.
– Within six months of its founding in January 2023, Nagomi Security has launched a platform and crossed $1 million in annual recurring revenue while in stealth mode.
– CEO, Emanuel Salmona, noted that over 80% of breaches occur at organizations that already had a tool in place to prevent it, and the need for security teams to be confident in their deployed solutions is increasing. He emphasized that Nagomi Security aims to map threats, like ransomware and phishing, and provide actionable plans to improve defense effectiveness.
These takeaways provide a comprehensive overview of Nagomi Security’s recent developments and its proactive defense platform.