Dazz Scores Hefty $50M Investment for AI-Powered Risk Remediation Tech

Dazz Scores Hefty $50M Investment for AI-Powered Risk Remediation Tech

July 24, 2024 at 03:01PM

Israeli startup Dazz secures a $50 million investment to advance its AI-driven risk prioritization and remediation technology. With a total of $110 million raised, the company aims to revolutionize vulnerability management through automation and root-cause analysis. Dazz intends to empower security and engineering teams with its Unified Remediation Platform, led by a team of former Microsoft security engineers.

Based on the meeting notes, Dazz, an early stage startup originating from Israel, has secured a significant $50 million investment in venture capital. This funding adds to a total of $110 million previously raised, with significant backing from investors such as Greylock, Cyberstarts, Insight Partners, and Index Ventures. The company focuses on AI-powered risk prioritization and remediation, aiming to revolutionize vulnerability management and remediation processes through AI, automation, and root-cause analysis technologies.

Dazz’s Unified Remediation Platform offers CISOs comprehensive visibility across various detection tools and environments, including code, clouds, applications, and infrastructure. The technology is targeted at security and engineering teams, aiming to streamline the identification, prioritization, and application of fixes within a developer-friendly workflow.

The company comprises a team of Ex-Microsoft security engineers, as well as security leaders from Armis, Adallom, and Claroty. This funding and the technology’s potential impact underline the significant interest and support for cloud security startups such as Dazz within the industry.

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