DeepSurface, an automated risk analysis and prioritisation company, has netted $4.5m in its seed funding round.
Differential Ventures, a venture capital firm focused on AI and cybersecurity solutions, led the round. Contributions to the round also came from Osage Venture Partners, Ginossar Ventures and Peninsula Ventures.
The company is planning to grow in Portland, Oregon, including hiring more staff in its product development, sales, engineering and customer success teams.
Founded in 2017, DeepSurface offers a fully automated platform that collects all needed context from an organisation’s network. With this information, the platform analyses vulnerabilities for exploits. When an issue is found, the organisation is informed with a priority ranking.
Its clients include financial services providers, public utilities, legal services, SaaS providers and higher education.
Over the past year, DeepSurface has grown its revenue by over 300%.
“Osage Venture Partners managing partner Nate Lentz said, “DeepSurface has automated away a huge problem that has been consuming vast resources in enterprise companies everywhere. They make vulnerability management teams much better at their jobs, faster and save them money at the same time. DeepSurface changes the game.”
The CyberTech company previously raised $1m back in September 2020, which was led by Cascade Seed Fund.
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