Veriti, a startup founded in 2021, will use the funding to scale up and also enhance its security platform functionality
The fast-emerging security infrastructure innovator, Veriti, recently announced that it emerged from stealth with $18.5 million in total funding. The funding round was led by global software investor Insight Partners, which invested $12 million in the startup. NFX and AMITI also led a $6.5 million round. The company plans to utilize the new funding to scale and meet its growing customer base, while also enhancing its ‘Unified Security Posture Management’ platform functionality.
The CEO, and co-founder of Veriti, Adi Ikan said, “The premise that security professionals are doomed to struggle with complexity and operational inefficiency to secure the enterprise is false. We have a well-versed team focused on creating a streamlined, frictionless management experience for all security teams to reduce the effort and time spent in manual oversight. Insight Partners, NFX, Amiti, and Merlin Ventures all have vast resources and experience in cybersecurity, and we are extremely excited to be working with them as we continue to redefine security posture management on a larger scale.”
Founded by unit 8200 veterans and ex-Check Point executives Adi Ikan and Oren Koren, Veriti claims to take a holistic approach to both the security infrastructure and the IT organization to maximize security and the ROI of every deployed solution. It amplifies security teams’ efforts to reduce risk and maximize their organization’s security posture by providing a consolidated security platform that proactively identifies and remediates security gaps while ensuring business uptime.
CPO and co-founder, Veriti, Oren Koren said, “We believe organizations deserve to manage their overall security posture free of pain points, frustrations, and with better efficacy.” Leveraging their vast knowledge and expertise in both cyber-offence and defence, he added, they have created a unique security-posture management platform that helps security teams bridge the knowledge gap between their current posture and the one they can achieve while minimizing adverse impacts to business applications and the user experience.
Stephen Ward, MD at Insight Partners and former CISO at The Home Depot and TIAA, stated: “Veriti has listened to the CISO community’s concerns around tool fatigue and created a game-changing platform that consolidates security controls into one unified console. This unique cross-team collaboration platform makes it easier for all security teams to take part in reducing risk and improving their organizations’ overall posture.”
New York-headquartered Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries.
Backed by Insight Partners, NFX, AMITI, and Merlin Ventures, 2021-born Veriti is an emerging security infrastructure innovator that aims to help organizations maximize their security posture while ensuring business uptime. Integrated with the entire security stack, Veriti provides a consolidated management layer that continually and proactively monitors exposure to threats and provides actionable remediation paths for security gaps and high-risk vulnerabilities across the organization’s infrastructure and attack surface.