Dazz, a leader in unified security remediation, announced today that it has secured $50m in a funding round.
The investment was co-led by Greylock, with participation from Cyberstarts, Insight Partners, and Index Ventures. These investors have doubled down on their initial investments, which now brings Dazz’s total funding to $110m.
Dazz specialises in redefining risk prioritisation and remediation through the use of artificial intelligence (AI) technologies. This new round of funding will fuel the company’s mission to help security and engineering teams reduce exposure efficiently.
The funds are earmarked for the acceleration of Dazz’s mission. The company intends to continue its groundbreaking work in helping teams across various industries manage and reduce security risks through its innovative platform. This includes automating the identification and management of vulnerabilities and resolving security issues at their root causes.
Since its inception in late 2021, Dazz has experienced significant growth. The company boasts a customer base that includes Fortune 500 companies and hyper-growth firms across sectors such as financial services, healthcare, pharmaceutical, technology, retail, and manufacturing. The Dazz Unified Remediation Platform has been instrumental, managing 1.2 billion vulnerabilities and resolving nearly 500 million issues.
Dazz Co-Founder and CEO Merav Bahat expressed the company’s progress, saying, “In a world where security breaches occur on average every 11 seconds, the constant rise in AI-powered threats presents a prominent danger of more efficient and scalable attacks.
“At Dazz, we are experiencing remarkable business momentum, thanks to a critical market gap that Dazz uniquely addresses. The last year proved that our innovation and execution leads to unprecedented growth, which this new round of funding will accelerate. We are honored and excited to deepen our collaboration with the world’s top cyber investors, with their unwavering trust and support fueling our mission to simplify cloud remediation and help our customers harness the power of AI to prevent attacks.”
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