Cybric,
the provider of continuous security delivery fabric for today's modern
enterprise infrastructure, today announced it has closed $1.3 million
in seed funding led by Petrillo Capital and accompanied by angel and
strategic investors. Cybric is pioneering the next-generation of
cyber-automation and threat remediation and will use
this seed funding round to accelerate research and product
development.
Organizations
rely on Cybric's continuous security virtualization to dramatically
reduce vulnerability identification and remediation time from months to
minutes, whether
on-premises or in the cloud.
"Cybersecurity
solutions today require significant human capital, which often results
in productivity gaps, while the scanning and remediation processes occur
serially
-- requiring the previous one to complete before starting the next
step," said Cybric CEO and founder Ernesto DiGiambattista. "By
automating and virtualizing the entire process offline in a shadow
environment, our solution can run all scanning and remediation
in parallel, offloading resources from production and allowing
real-time threat identification, isolation and remediation."
Cybric's founders include:
·
Chief Executive Officer - Ernesto DiGiambattista (former CTSO of Sentinel Benefits & Security),
·
Chief Innovation Officer - Mike Kail (former CIO & Infrastructure SVP at Yahoo),
·
Chief Operations Officer - Andrew Gilman (former GTM exec at Dell EqualLogic and Actifio),
·
Chief Design Officer - Sean Walter (founder and Chief UI Architect at Actifio).
"Decades
leading security for Fortune 500 companies and significant time working
on artificial intelligence and the Internet of Things have
confirmed that existing perimeter-based cyber security methods are no
longer sufficient, while regulators are
demanding more standardized reporting," said Steve MacLellan, former Fidelity SVP of Cyber Security and current Cybric advisor. "To
beat criminals at their own game, companies must find - and quickly fix - weaknesses.
Cybric
is approaching this challenge the right way, recognizing that true
security will only come from systems finding and fixing vulnerabilities
in real-time with little human involvement."
On
average, it took 256 days to spot a breach caused by a malicious
attacker, and 82 days to contain it, according to the Ponemon
Institute's
2015 Global Cost of Data Breach Study.
In an industry with 22% of all cyber security jobs going unfilled,
and 51%
of IT and information security professionals indicating the increase in applications deployed on the network has made network security more difficult,
according
to ESG, an automated cyber threat remediation tool in a single pane of
glass that works in real-time, without human resources, will play a
vital role.
"The
cybersecurity market is flooded with over 1200 disparate point tools
with customers often running nearly 100 products all requiring a high
level of operational knowledge
and human intelligence. This reality makes it incredibly challenging
to fully understand an organization's holistic security posture,
especially in today's borderless enterprise." said Doug Cahill, senior
analyst, Enterprise Strategy Group. "ESG's market
research continues to highlight a clear customer requirement for
aggregating functionality into a single platform for prevention against
attacks and greater operational efficiency. As such, Cybric's
virtualized approach to security promises to allow organizations
to fully integrate and automate their security services across a
policy-driven fabric to help them quickly identify and fix
vulnerabilities across the entire application and infrastructure stack."