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Gutsy, a cybersecurity startup from the founders of Twistlock, just raised a $51 million seed round using this 14-slide pitch deck
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- Gutsy, a cybersecurity startup from the founders of Twistlock, has raised $51 million.
- Based in Baton Rouge, Louisiana, the major seed round comes as the company emerges from stealth.
- The startup has raised funding from YL Ventures and Mayfield.
Gutsy, a cybersecurity startup, has raised $51 million in seed funding, the company said Tuesday.
Founded in 2022 and now emerging from stealth, Gutsy wants to help companies solve their issues in the increasingly complicated and overwhelming world of cybersecurity. The startup uses process mining — a form of data science based on analytics — to offer businesses a set of tools to better understand the security of their data and give more visibility to organizations.
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“Over the past couple of decades, billions of venture dollars have gone into cybersecurity, it’s a big problem but it’s still an unsolved problem with customers lacking the necessary solutions,” John Morello, Gutsy cofounder, told Insider.
Based in Baton Rouge, Louisiana, Gutsy’s cofounders previously built container security startup Twistlock, which was acquired for $410 million by Palo Alto Networks in 2019. The company provides cloud security tools for businesses to manage their data across auditing, governance, and migration, connected via an API.
“Security is about how people process technology and the reason organizations struggle with outcomes is that they don’t have a way to put these processes together efficiently. That’s what we’re trying to solve,” Morello said.
The company’s massive $51 million seed funding round came from YL Ventures, a backer of Twistlock, and venture firm Mayfield, alongside a number of cybersecurity angel investors. “
“There is a lot of economic uncertainty right now and we don’t know what the funding environment will be like going forwards,” Morello said. “We have good investors who we have worked with a lot and now we can be pragmatic with our investing to remove risk from the future.”
The new funds will go towards hiring in areas including engineering and sales, the company said.
Check out Gutsy’s 14-slide pitch deck below:
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