Security risk reduction and productivity platform provider Seemplicity Security Ltd. revealed today that it has raised $50 million in new funding to increase its investment in artificial intelligence capabilities and support a rapid expansion of its go-to-market strategy.
Founded in 2020 by cybersecurity veterans Yoran Sirkis, Ravid Circus and Rotem Cohen Gadol (pictured), Seemplicity has as its goal to transform how enterprises approach vulnerability and exposure management.
The company seeks to address the issue wherein security teams are drowning in alerts and dashboards, leaving too little time for actual remediation. It does so by automating manual tasks and bridging the gap between identifying risks and fixing them and, in the process, improving cyber resilience while reducing strain on overworked teams.
Seemplicity’s platform consolidates the aggregation, prioritization and remediation workflows that the company says typically consume hours of manual effort. The platform reduces exposure noise by 95% to ensure that teams can focus on the most critical 5% of vulnerabilities that matter most.
The platform includes automated workflows that generate and assign remediation tasks directly to information technology, security and DevOps teams, significantly accelerating risk reduction and saving time and resources.
Seemplicity also offers AI agents for actionable exposure management. The agents act as companions for security teams by delivering tailored risk insights and proactive guidance that combine organizational business logic with external threat intelligence.
Since previously raising funding in 2022, Seemplicity has seen strong growth, including an impressive 800% increase in annual recurring revenue and tripling its customer base. Notable customers include Fiverr International Ltd., Morningstar Inc., Carlsberg A/S, Paramount Global and Nippon Telegraph and Telephone Corp.
The Series B round was led by Sienna Venture Capital, with Essentia Venture Capital and existing investors Glilot Capital Partners LP, NTTVC and S Capital also participating.
“This funding comes as we experience incredible growth and customer adoption and is a clear signal that security teams need a more actionable approach to exposure management,” said co-founder and Chief Executive Yoran Sirkis. “Our AI-based platform proactively streams risk insights, generates the fixes and assigns work automatically to give teams their most valuable resource back — time.”
The new funding takes the total raised to date by Seemplicity to $76 million.
Photo: Seemplicity
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