Zafran Secures $30 Million for Cybersecurity Risk and Mitigation Platform

Ben Seri (CTO), Sanaz Yashar (CEO) and Snir Havdala (CPO) ● Photo Credit: Credit - Eric Sultan

NEW YORK, March 28, 2024 (VSNewsNetwork.com) - Cybersecurity company Zafran has announced a successful $30 million funding round to launch its risk and mitigation platform. This platform is the first to focus on identifying and mitigating threats that are actually exploitable, using existing security controls within organizations. The funding round was led by Sequoia Capital and Cyberstarts, with additional participation from Cerca Partners and Penny Jar.

Founded by Sanaz Yashar (CEO), Ben Seri (CTO), and Snir Havdala (CPO) in 2022, Zafran aims to address the critical window of exploitation — the period between the discovery of a vulnerability and its remediation. This gap has been highlighted as a significant risk, with a Rapid7 report noting that over half of vulnerabilities are exploited within a week of disclosure, while remediation can take much longer.

"In an industry characterized by the perpetual race between attackers and defenders, the exploitation window has been consistently overlooked – and despite the inflation of security tools, organizations' risk assessments often fail to consider existing compensative security controls,” Yashar explained. “Zafran transforms risk mitigation by mobilizing security controls against evolving threats, bridging organizations’ security gaps and blind spots and mitigating risks at scale.”

Zafran's platform connects vulnerability data with an organization's security controls, analyzing risks with consideration for the efficacy of controls and exploitability factors. Its Mitigation Knowledge-base, a first in the industry, is designed to work with EDR, firewalls, cloud tools, and more, allowing for a comprehensive evaluation of risk. The platform's Zafran Applicable Risk™ feature determines whether vulnerabilities are exploitable or already mitigated by compensating controls, then automates mitigations to close the exploitation window.

Doug Leone of Sequoia Capital highlighted the unique position of Zafran in the market, stating, “Zafran addresses a critical pain in the security market where traditional risk assessment falls short by neglecting existing security controls and mitigation factors. We are excited to support the company as it enters the next phase of accelerated growth.”

Lior Simon from Cyberstarts shared his enthusiasm for Zafran's vision, saying, “Rarely do we back a team with the talent and aspirations to create a whole new science in cybersecurity, fusing deep cyber expertise with customer obsession. We are thrilled to partner with the team from day one on this long-term and exciting journey.”

For more information, visit Zafran.io.

Source: Zafran via Newswire