From: RegTech Analyst
Israeli cybersecurity startup Vicarius is looking to improve its software that automatically detects, patches and protects against yet-to-be-discovered software vulnerabilities on the back of a new funding round.
The company, launched in 2016, has just raised $5m in a Seed funding round. Venture capital firm Jerusalem Venture Partners (JVP), led the round. innogy Innovation Hub, the investment arm of German energy provider innogy SE, and Goldbell also participated in the round.
Apart from improving its innovative solutions, Vicarius also plans to grow the business across Israel and the US.
The founding team is bullish about the impact its solution could have when it comes to strengthening businesses’ cyber defences.
“Despite the increasingly sophisticated nature of cyberthreats and software weaponisation, little has changed in over a decade in the management and ‘patching’ or upgrading systems against cyberthreats,” said Michael Assraf, CEO and co-founder at Vicarius. “Unlike current approaches that reactively map out potential threats based on pre-existing vulnerability data, Vicarius’ algorithm maps [and] predicts vulnerabilities and potential zero-days based on live attack scenarios, offering an elimination pathway suitable for the zero-day malware era.”
Gadi Porat, partner and head of JVP Cyber Labs joined the board as part of the investment deal. He commented, “Vicarius’ platform, based on machine learning and dynamic binary instrumentation, provides a defence from yet-to-be-discovered software vulnerabilities through a multi-step solution: discovering security loopholes, prioritizing threats and protecting systems.
“This new approach safeguards any software without involving the vendor or IT teams. After a decade of limited technological breakthrough in this field, Vicarius offers a pioneering solution to identify, manage and predict software vulnerabilities in a fast, efficient and cost-effective way and we’re delighted to be investing.”
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