Reposify, an Israeli startup, has raised $8.5 million in a seed round to combat security threats posed by unknown internet-facing assets.
The continual increase of an organization’s digital footprint poses severe security gaps.
Reposify is the first Google-like search technology that allows businesses to expand in the cloud safely by recognizing and managing all exposed internet-facing assets in real-time.
Reposify, a leading provider of External Attack Surface Management (EASM), revealed today that it has raised $8.5 million in seed funding from two US-based venture capital firms, Joule Ventures, and First Rays Venture Partners, as well as many industry expert angel investors.
Reposify is a platform that enables security teams to detect, prioritize, and manage all exposed internet-facing assets that are centralized or remote spanning on-premise, subsidiary, cloud, or third-party assets, according to Gartner’s 2021 Emerging Vendors list for EASM.
Due to a rising number of digital transformation efforts, such as shadow IT, weakening of the organizational perimeter, and increased work from home possibilities, the requirement for visibility over external-facing assets and their corresponding exposures has rapidly increased.
Reposify developed an algorithm that recognizes and links every internet-facing asset with the company that uses it.
“Reposify’s powerful solution allows DevOps teams to function freely without compromising security,” stated SoFi CISO Hilik Kotler, a corporate advisor. Simultaneously, it allows cybersecurity teams to assess and prioritize the risk associated with any web-facing asset. “Teams may now avoid ‘asset drift’ as deployments mature, offering an additional layer of monitoring and detection to better regulate infrastructure and security posture,” Kotler noted.
Reposify’s Google-like search platform is simple to use and doesn’t require any installation or setup. “Reposify’s technology is changing the way cloud security is managed. It’s the quickest way to prioritize and understand where security teams should focus their time, ensuring that nothing is forgotten,” said Amit Sridharan, co-founder and managing partner of First Rays Venture Partners. With a 24/7 engine that searches the whole internet, including internal assets, Reposify tackles this unique CISO pain point, allowing security professionals to minimize alarms and data overload while remaining agile in securing the entire IT network.
Reposify has grown in size in the last year and continues to increase its market reach. To lead the company’s expansion, Uzi Krieger, a seasoned business expert, was recently hired as CEO. “These are exciting times,” Krieger added, “because Reposify is altering the way businesses move faster and easier while securing their internet-facing assets.” “This is what security as a business enabler is all about.”
The funds will be used to strengthen the company’s R&D team in order to satisfy the rising needs of its customers and to develop its business in the United States. “Reposify offers a unique combination of top-notch technology, inspiring and seasoned leadership, and a real solution for an acute need that is only going to increase over time,” Dafna Winocur Biran, partner at Joule Ventures, said of Resposify’s unique posture.
Read more on Tech Gist Africa:
Sympl, an Egyptian BNPL startup, raises $6 million in funding to expand
Opontia, a Saudi-based e-commerce builder, has raised $42 million in a Series A funding round
Yassir, an Algerian transportation startup, has raised $30 million in a Series A funding round