VulnCheck Secures $12M Series A Funding to Enhance Exploit Intelligence Growth
VulnCheck, a leading cybersecurity company focused on exploit intelligence, has successfully raised $12 million in its Series A funding round. This significant investment, spearheaded by Ten Eleven Ventures, alongside contributions from Sorenson Capital and In-Q-Tel (IQT), increases VulnCheck’s total funding to nearly $20 million.
About VulnCheck’s Innovative Solutions
VulnCheck is dedicated to providing real-time exploit intelligence solutions that empower businesses and government entities to prioritize vulnerabilities effectively. The newly acquired capital will facilitate VulnCheck’s international expansion and enhance the growth of its exploit intelligence platform. Additionally, the company aims to scale its go-to-market strategies to cater to the increasing demand for advanced cybersecurity solutions.
Recent Growth and Achievements
The latest funding round comes on the heels of a remarkable year for VulnCheck, showcasing:
- 3x year-over-year growth in Annual Recurring Revenue
- A 158% increase in its customer base
- A 100% customer retention rate
Since launching its Community tier just a year ago, VulnCheck has attracted nearly 7,000 customers globally.
Industry Insights from Ten Eleven Ventures
Mark Hatfield, founder and general partner at Ten Eleven Ventures, remarked, “VulnCheck’s hypergrowth emphasizes its unique capability in tackling one of the most significant challenges organizations face today.” He noted that traditional methods of threat intelligence and vulnerability management are often flawed due to excessive manual intervention. VulnCheck disrupts these conventional approaches by autonomously collecting and integrating exploit and vulnerability intelligence at scale.
VulnCheck’s 2024 Trends Report
The company’s 2024 Trends in Vulnerability Exploitation Report revealed that 768 vulnerabilities were reported as exploited in the wild for the first time, marking a 20% increase from the previous year. Notably, 23.6% of known exploited vulnerabilities were targeted on or before their Common Vulnerabilities and Exposures (CVE) disclosure dates.
Challenges with Legacy Vulnerability Solutions
JJ Guy, CEO and co-founder of Sevco Security, stated, “Legacy vulnerability management solutions fall short in providing full visibility into today’s CVE landscape. They often require analysts to research threats manually, which can hinder efficiency.” He believes that VulnCheck is revolutionizing the domain by delivering an autonomous system that consolidates all vulnerability and exploit intelligence, streamlining critical vulnerability exposure for Sevco clients.
Platform Features and Benefits
VulnCheck’s platform is designed with several key features:
- Threat intelligence feed updates every eight hours
- Data gathered from nearly 500 channels and over 400 million records across all CVEs
- Seamless integration into existing security workflows
This functionality allows security teams to track, prioritize, and remediate critical vulnerabilities, effectively neutralizing potential threats before they can be exploited.
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