Rezilion, a cybersecurity startup focused on DevSecOps automation, has raised $30 million in Series A funding. The company's valuation was not revealed.
Rezilion, based in Israel, will use the funds to "rapidly scale" the company's go-to-market approach -- which will include partnering with other DevSecOps solution providers, the company says. Rezilion did not mention whether MSSPs are a core go-to-market target. Still, it sounds like incident response (IR) companies could be a potential partner ecosystem -- especially IR companies that investigate breaches and then recommend code-hardening strategies to end-customers.
Indeed, Rezilion's software "drastically reduces" the amount of security work required to release new applications and code while keeping software environments secure, the company asserts. On average, customers using Rezilion's vulnerability validation technology have immediately reduced their patching backlog by more than 70 percent, freeing up valuable engineering resources to focus on expanding product features.
Rezilion Co-founders Liran Tancman and Shlomi Boutnaru previously built CyActive. PayPal acquired CyActive for $60 million in 2015.
Rezilion Funding: Key Investors and Executive Perspectives
Guggenheim Investments led the round, with contributions from JVP, Kindred Capital and security executives who have held key posts at Google, Microsoft, CrowdStrike, among other businesses.
In a prepared statement about the funding, Rusty Parks, senior managing director of Guggenheim Investments, said:
"Rezilion's product suite is a game changer for security teams. It creates a win-win, allowing companies to speed innovative products and features to market while enhancing their security posture. We believe Rezilion has created a truly compelling value proposition for security teams, one that greatly increases return on time while thoroughly protecting one's core infrastructure."
Added Liran Tancman, co-founder and CEO of Rezilion:
"At Rezilion, we are deeply committed to helping organizations drive their own innovation by reducing the resource drain, inaccuracies and operational friction created by manual security work. We know there's never been a better time for organizations to experience what we call 'trust in motion,' or the peace of mind that comes from moving fast while staying safe and secure."
Noted Shlomi Boutnaru, co-founder and CTO of Rezilion:
"Our technology brings developers and security teams together. This funding round will allow us to dramatically accelerate our vision by advancing product development and driving growth on a global scale."
Concluded Yoav Tzruya, general partner at JVP:
"Rezilion's pioneering approach generates a host of benefits to meet the needs of CEOs, CIOs and CISOs, from expediting digital transformation, faster product rollouts and enhanced productivity and compliance to the adoption of state-of-the-art development best-practices and the guarantee of better security and improved ROI. Under the proven leadership of Liran and Shlomi, we look forward to expanding Rezilion's markets and offerings to provide more value based on its unique technology."
