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Check out the pitch deck security startup Vulcan Cyber used to raise its $21 million Series B
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- Israeli security startup Vulcan Cyber has raised a $21 million Series B.
- The round was led by European software backers Dawn Capital.
- Check out Vulcan’s pitch deck below.
Israeli enterprise security startup Vulcan Cyber has raised $21 million in fresh Series B funding, led by European software specialists Dawn Capital, with participation from Wipro Ventures and existing backers.
Vulcan Cyber offers vulnerability remediation for applications and cloud services, and counts companies such as Snowflake, Databricks, and Informatica among its clients.
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The firm will use the funding to launch its free tier, Vulcan Free, and says it experienced big growth in its annual recurring revenue for 2020.
Henry Mason, principal at Dawn Capital, said in a statement: “Vulcan Cyber has seen explosive growth over the last year, signing landmark customers across every vertical.
“As attack surfaces continue to grow exponentially, the Vulcan Cyber next-generation solution resonates powerfully with a IT security market that has historically lacked effective vulnerability management tools.”
The new funding comes after a record 2020 for Israel’s cybersecurity startups, which raised $2.75 billion during the year. Security is a bright spot for the country thanks to the number of founding teams graduating from the cyber arm of the Israel Defence Forces. Vulcan CEO Yaniv Bar-Dayan worked in cyber and intelligence for the IDF for around five years, before moving into cybersecurity.
Vulcan’s existing backers participating in the round include YL Ventures and Ten Eleven Ventures.
Check out Vulcan’s (redacted) pitch deck below:
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