Canonic Security comes out of stealth with $6m seed

Canonic Security has secured $6m from a seed funding round as the company arises from a period of stealth.

The round saw participation from First Round Capital, Elron Ventures, Operator Partners and SV Angel.

According to Security Week, Tel Aviv-based Canonic is to sandbox the third-party apps before they connect to the customers’ approved IT applications. The company claims its app governance platform has sandboxed tens of thousands of apps across industries including healthcare, defence and software organizations. The Canonic platform also seeks to eliminate the inherent contradiction between composability and cybersecurity.

Canonic noted its platforms asks whether the app is overprivileged  – meaning does it demand permissions it doesn’t require – is it really what it says it is, what does it connect to or from and has it been compromised.

From these questions, Canonic provides visibility over first, second and third party apps and API integrations as well as uncovering rogue and vulnerability apps.

Canonic claims it will use the funding to accelerate the product’s go-to-market and development initiatives, which are already used in over twenty deployments worldwide

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