Dazz, a leader in unified security processing, today announced it has secured $50 million in a funding round.
The investment was co-led by Greylock, with participation from Cyberstarts, Insight Partners, and Index Ventures. These investors have doubled their initial investment, now bringing Dazz’s total funding to $110 million.
Dazz specializes in redefining and addressing risk priorities through the use of AI technologies. This new round of funding will support the company’s mission to help security and engineering teams efficiently reduce exposure.
The funds are being allocated to accelerate Dazz’s mission. The company intends to continue its pioneering work in helping teams across industries manage and mitigate security risks through its innovative platform. This includes automating vulnerability identification and management and resolving security issues at the root.
Since its inception in late 2021, Dazz has seen significant growth. The company boasts a client base that includes Fortune 500 and fast-growing companies in sectors such as financial services, healthcare, pharmaceuticals, technology, retail, and manufacturing. The Dazz Unified Remediation Platform has been instrumental in managing 1.2 billion vulnerabilities and resolving nearly 500 million issues.
“In a world where a security breach occurs every 11 seconds, the continued rise of AI-powered threats presents a significant risk of more efficient and scalable attacks,” said Merav Bahat, co-founder and CEO of Dazz.
“At Dazz, we are seeing remarkable business momentum, thanks to the critical gap in the market 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.”
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