October 10, 2023 at 09:54AM
Gutsy, a new cybersecurity startup founded by the team behind Twistlock, has secured $51 million in seed-stage financing. The company plans to use process mining techniques to address security challenges and provide data-driven insights into an organization’s teams, tools, and processes. Gutsy aims to help security leaders make better decisions by understanding their operational mechanisms. The company has already identified that many security tools are not being used efficiently, leading to security incidents and audit findings rooted in process failures. Gutsy has launched with a beta product offering modules for identity management, incident response, and vulnerability management.
Here are the key takeaways from the meeting notes:
– Twistlock’s team of entrepreneurs has launched a new cybersecurity startup called Gutsy.
– Gutsy has received $51 million in seed-stage financing, with YL Ventures and Mayfield leading the investment.
– The company aims to redefine security governance by utilizing process mining techniques to solve security problems.
– Gutsy’s software will provide data-driven insights into an organization’s teams, tools, and processes.
– The company believes that CISOs and security executives will invest in software that helps them understand the complexities of their operations.
– According to Gutsy’s research, a significant percentage of security tools are not being used efficiently, leading to process failure and security incidents.
– Gutsy’s initial product offering includes modules covering identity management, incident response, and vulnerability management.
– The SaaS product integrates with various tools, including those from cloud providers, HR systems, vulnerability management tools, ticketing systems, and EDR platforms.
– Gutsy emerged from stealth mode this week with its beta product.
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