Nagomi Security, a key player in the cyber sector, announced today its emergence from stealth mode with a substantial $30m in funding.
This major financial injection is set to redefine how security teams enhance their operational efficacy using existing tools. The financing round was spearheaded by TCV and saw contributions from CrowdStrike Falcon Fund and Okta Ventures. Additionally, Nagomi enjoys support from distinguished angel investors such as Shlomo Kramer and Nir Polak.
The company, having operated quietly with initial seed funding from Team8, is pioneering in the proactive security and threat exposure management space. Their advanced Proactive Defense Platform is designed to optimize the security measures of various organizations, transforming fragmented tools into comprehensive security solutions.
The fresh capital will predominantly fuel Nagomi’s market expansion and research and development efforts. These initiatives aim to address the soaring demand for robust proactive security measures on a global scale, enabling companies to combat prevalent real-world cyber threats more effectively.
The innovative platform offered by Nagomi provides end-to-end visibility of an organization’s defense readiness, mapping out capabilities against the well-known MITRE ATT&CK framework. This enables security teams to identify and prioritize significant threats, tailored to their unique security environments, ensuring that the most critical vulnerabilities are addressed swiftly.
“Nagomi has set its sights on addressing a critical issue that plagues the cybersecurity field,” Emanuel Salmona, co-founder and CEO of Nagomi Security, shared. “We’ve seen that over 80% of breaches occur at organizations that already had a tool in place to prevent it, and security teams are increasingly frustrated that they can’t be sure that the solutions they have deployed are protecting them against real threats. By mapping threats like ransomware, phishing, and other seen-in-the-wild campaigns and techniques, Nagomi shows security teams their level of protection and provides a plan of action to drive better defense.”
In its formative phase, Nagomi has already achieved significant milestones including attracting its first Fortune 500 client and surpassing the $1m in Annual Recurring Revenue (ARR). These achievements underscore the rapid adoption and efficacy of its solutions in the cybersecurity industry.
With these recent developments, Nagomi has also expanded its leadership team. Notable additions include Nathan Burke as Chief Marketing Officer and Joseph Hoban as Vice President of Sales. Furthermore, Morgan Gerlak of TCV will join the company’s board of directors, bolstering its strategic guidance alongside Nagomi’s founders and Team 8’s Managing Partners.
Previously, the company had raised an undisclosed amount in seed funding from Team8 during its stealth phase.
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