Dazz, which develops a unified platform for fixing vulnerabilities, announced Wednesday that it has raised $50 million in a funding round led by existing investors Greylock Partners, Cyberstarts, Insight Partners and Index Ventures. The latest round, which included a small secondary component, brings the company’s total funding to $105 million.
According to the company, it has achieved a 400% increase in annual revenue between 2023 and 2024, while tripling its sales workforce and expanding its reach across all functions in the US, Europe and Israel. Dazz currently employs 125 people and is expected to add dozens more in the coming months.
“In a world where security breaches occur every 11 seconds, the continued rise of AI-powered threats presents a significant risk of increased efficiency and scalability of attacks,” said Merav Bahat, co-founder and CEO of Dazz. “At Dazz, we are seeing significant commercial momentum, driven by a critical market gap that Dazz uniquely addresses. The past year has proven that our innovation and execution are driving unprecedented growth, which this new round of funding will accelerate. We are proud and excited to deepen our collaboration with the world’s leading cyber investors, with their unwavering trust and support fueling our mission to simplify cloud remediation and help our customers harness the power of AI to prevent attacks.”
The company's unified remediation platform provides visibility across all detection tools and environments, including code, cloud, applications, and infrastructure, delivering significant time savings for customers in investigating security issues and reducing mean time to remediation (MTTR).
Dazz was founded by Bahat, a former executive vice president at Microsoft’s Israel R&D center. She left Microsoft in late 2020 after serving as general manager of Microsoft’s cloud security division. Her partners are CTO Tomer Schwartz, who founded Microsoft’s Security Response Center in Israel, and VP of R&D Yuval Ophir. Tomer was one of the first employees at Armis Security, and previously ran research at Adallom, which was sold to Microsoft. Ophir is the former VP of R&D at Claroty. Ophir also served as a commander in the elite 8200 unit, where he served alongside Schwartz.
