Israeli cybersecurity startup Vicarius secured $30 million in a Series B funding round led by Bright Pixel Capital, with participation from AllegisCyber Capital, AlleyCorp, and Strait Capital. Founded in 2016, Vicarius specializes in an autonomous vulnerability remediation platform called vRx (formerly TOPIA). The company’s platform helps security teams protect critical applications and assets from software exploitation. With a customer base exceeding 400, including global organizations like PepsiCo, HPE, Bupa, and Equinix, Vicarius aims to utilize the funding to expand its global presence and support its growing list of customers, including Fortune 500 companies.
Vicarius, founded by Michael Assraf, Yossi Ze’evi, and Roi Cohen, has experienced significant growth since its last funding round in 2022. The latest investment brings the company’s total funding to over $56 million. The capital infusion will play a crucial role in accelerating Vicarius’ global expansion efforts, catering to a diverse customer base across North America and Europe. The startup is focused on transforming the vulnerability management market by providing solutions that move beyond assessment to active remediation.
Vicarius’ CEO, Michael Assraf, emphasized the company’s commitment to growth and its mission of protecting customers from vulnerabilities. The funds will enable Vicarius to navigate the evolving AI landscape while maintaining flexibility. The startup’s vRx platform operates as an end-to-end autonomous solution, addressing the need for effective vulnerability management in the cybersecurity space. With the support of its investors, Vicarius aims to strengthen its position in the market and enhance its capabilities to meet the challenges of the dynamic cybersecurity landscape.
Reference:
