Bootstrapped endpoint security company Remedio, which until Monday was known as Gytpol, has announced raising $65 million.
The Israeli company’s first funding round since inception was led by Bessemer Venture Partners, with additional support from Picture Capital and TLV Partners.
Founded in 2019 by former teenage hacker and Israeli cyber unit veteran Tal Kollender, Remedio provides continuous, real-time device security posture management, hunting for misconfigurations and autonomously addressing them.
Its platform leverages AI to resolve identified issues instantly across both SaaS and on-premise deployments, helping organizations to remain compliant, secure, and resilient to attacks.
Remedio, which has 40 employees operating from Israel, the US, and Europe, says its platform has been adopted by large enterprises and Fortune 500 companies looking to improve device security, cut costs, and minimize downtime.
The company will use the new funding to accelerate product development, expand globally, and increase its presence in the US.
Additionally, it is working on an AI-powered unified enterprise platform that will combine configuration, compliance, patching, and vulnerability management.
“We built a profitable business on our own and watched it grow rapidly as we built trust with our customers, without raising a dollar. But now, with momentum from global enterprise customers and a product that’s proven its value, it’s time to scale,” said Kollender, who serves as CEO of Remedio.
Related: Terra Security Raises $30 Million for AI Penetration Testing Platform
Related: Silent Push Raises $10 Million for Threat Intelligence Platform
Related: Six Ways to Expand Your Fraud Program
Related: Revelstoke Emerges From Stealth With SOAR Platform
Source link
