Twine, an emerging cybersecurity firm from Tel Aviv, has made headlines by securing $12m in seed funding.
According to Security Week, the startup, which is still in its nascent stages, aims to address the significant cybersecurity skills gap with innovative technology.
The $12m seed round was co-led by Ten Eleven Ventures and Dell Technologies Capital. Notable angel investors, including the founders of Wiz, also contributed to the funding, showcasing a strong vote of confidence in Twine’s potential.
Twine is dedicated to developing “digital cyber employees” that utilize artificial intelligence to automate essential yet repetitive tasks within cybersecurity teams. These AI-powered employees are particularly focused on improving efficiency in the identity and access management (IAM) space.
The company plans to use the fresh capital to accelerate the development of its digital employee platform. This investment will primarily support the enhancement of IAM task management and automation, which are critical components of Twine’s initial product offerings.
Adding to the excitement, Twine has highlighted that its founding team, including Benny Porat, Nadav Erez, Omri Green, and Justin Woody, brings a wealth of experience from their previous roles at the industrial control security firm Claroty. This background enriches Twine’s strategic approach to cybersecurity solutions.
“Twine’s innovative technology is set to redefine how cybersecurity tasks are managed and automated,” Benny Porat, co-founder of Twine, said. “We are thrilled to have the support of leading investors who share our vision for the future of cybersecurity.”
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