News
Seemplicity Raises $32 Million with First-of-its-Kind Productivity Platform for Modern Security Teams to Scale Risk Reduction Efforts
May 2022 by Marc Jacob
Seemplicity , launched today with $32 million in funding. The funding includes a $26 million Series A round led by Glilot Capital Partners through its early growth fund, Glilot+, with participation from new investors NTTVC and Atlantic Bridge and existing investors S Capital and Rain Capital. The company previously raised a $6 million seed round led by S Capital. Seemplicity is already serving over 20 customers globally, including Fortune 500 and publicly traded companies.
Under Embargo Until May 31st, 2022 at 8 AM EST
In an effort to drive down risk, organizations heavily invest in hiring security talent and deploy multiple security solutions. Yet time to remediation remains stubbornly long and thousands of hours are wasted on manually pushing remediation tasks across the organization. With remediation often depending on people, procedures, and infrastructure beyond the security team’s direct control, a huge amount of time is wasted on untangling, delegating, and following up on the status of every security finding scattered across the organization. In today’s rapidly evolving risk landscape and technology stack, these practices simply cannot scale.
Seemplicity’s Productivity Platform has a simple goal - to connect security findings with those who can fix them, thus removing security teams as the bottleneck. Seemplicity aggregates, normalizes, and orchestrates findings from multiple siloed security tools to generate a single consistent security backlog. This enables security teams to easily build out and automate risk reduction workflows in the platform, streamlining handovers between teams and synchronizing all stakeholders, including developers, DevOps, and cloud engineers. By consolidating the data from cloud misconfiguration, vulnerability management, AppSec, penetration testing, API security, SaaS security, and other security tools into a unified platform, Seemplicity cuts out time wasted on manual operations by as much as 80% and increases remediation throughput by 6X.
Seemplicity was founded by Yoran Sirkis, Ravid Circus, and Rotem Cohen Gadol, three cybersecurity veterans with hands-on experience in building security programs and developing data-driven software, who created the platform they wished they had as security leaders. Renowned cyber security investors including René Bonvanie, Tom Banahan, Mark Smith, Elad Yoran, and Kevin Mahaffey also participated in the financing rounds.
