Avalor has arisen from a period of stealth with $30m in total funding across a seed and a Series A funding round.
The $25m Series A investment was led by TCV and saw participation from Salesforce Ventures. This investment adds to a $5M Seed round led by Cyberstarts in with participation from Jibe Ventures.
Avalor’s Data Fabric for Security integrates disparate data sources from legacy systems, data lakes, data warehouses, SQL databases, applications or any source of data, providing a holistic view of business performance.
Through the company’s platform, security teams are able to prioritise risks, align with business goals, analyse complete, accurate and precise data and empower stakeholders.
Avalor is launching the first application powered by its security data fabric – a dedicated solution for vulnerability risk management and prioritization.
Avalor will use the newly raised capital to expand its operations in the US and Israel. The firm is currently hiring for R&D, product and solution, sales, marketing and customer success.
Avalor CEO and co-founder Raanan Raz said, There are a lot of great security tools addressing a myriad of issues within a single security organization. However, they’re also creating siloed and isolated data streams with their own taxonomy, and all these disjointed data sources make it difficult for CISOs and their teams to understand what’s really happening across the board. So, we built Avalor to normalize, contextualize, and prioritize all that data for them.”
Coro, a cybersecurity platform, has pulled in $75m from its latest funding raise to bring its total funding over the last year to $155m.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global