Mobb, an automatic vulnerability fixer, has secured $5.4m in its seed funding round, which was led by angel investor Ariel Maislos.
Other commitments came from MizMaa Ventures, Cyber Club London and unnamed backers from US, EU and Israel.
Alongside the seed funding, Mobb has released a free community version that allows developers to try its automated vulnerability remediation technology.
Mobb pointed to research that claims 60% of data breaches are caused by a failure to apply vulnerability patches and around 70% of applications contain at least one vulnerability after five years in production. This situation has manifested because the vulnerability remediation process is broken, Mobb explained.
Most organisations are leveraging Static Application Security Testing (SAST) tools to uncover vulnerabilities and a single scan can have thousands of reported findings. This can be overwhelming for teams, with a single vulnerability taking between 30 minutes and several hours to resolve and cost organisations a lot of resources, it said.
To address the issue, Mobb automates vulnerability remediations to significantly reduce security backlogs and free developers to focus on innovation.
Mobb co-founder and CEO Eitan Worcel said, “After decades of working in application security to help organizations detect security issues, Jonathan [Afek] and I founded Mobb with the goal of helping organizations make those findings actionable.
“We are looking forward to bringing our technology to the world, and dedicated to our mission of helping organizations become more efficient and more secure.”
In other CyberTech news, adaptive authorisation software firm Cerbos collected $7.5m in its seed funding round. The company offers an open source authorisation layer to implement roles and permissions in software applications. It separates authorisation logic from the cose application code to make the authorisation layers most scalable, secure and easier to change.
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