Israeli cybersecurity startup Valence bags $7m seed funding

Cybersecurity company Valence has secured $7m in a seed funding round led by YL Ventures.

The round was also backed by a number of angel investors, including former Goldman Sachs chief information security officer Phil Venables, Salto co-founder Benny Schnaider, Elastic CEO and co-founder Shay Banon, Zendesk CISO Maarten van Horenbeeck, PennyMac CISO Karl Mattson, Unity Technologies CSO Justin Somiani and Zscaler CISO Michael Sutton.

Valence claims to be the first business application mesh security company and is focused on managing the risks from third-party integrations and securing app-to-app connectivity in the modern business environment.

The company’s platform applies zero trust principles to the business application mesh to deliver comprehensive visibility into the risk surface, reducing unauthorised access and preventing critical data loss.

The firm added that with its technology, companies get a clear view of the business application mesh and a clear path to control, govern and secure it.

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