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San Francisco based Horizon3.ai Raises $8.5M

Horizon3.ai announced that the company had raised $8.5M in funding. A cybersecurity startup focused on automated penetration testing-as-a-service delivers continuous, automated penetration testing, enabling companies to see themselves through the eyes of an attacker. This enables organizations to proactively find and fix attack vectors before criminals can exploit them. Led by SignalFire, the investments enable the company to accelerate its product roadmap and go-to-market strategy.

The significant growth of the global security testing market, forecasted to reach $27 billion by 2023 with a 20.7% CAGR, reflects the importance organizations place on effectively managing vulnerabilities and their associated risks. Issues arise when companies run their pen tests, vulnerability scanners, and other legacy assessment services, which often result in thousands of ‘critical’ findings that leave security teams overwhelmed and unable to prioritize, given limited time and resources.

This is especially painful in enterprises with footprints spanning on-premises and cloud services. Reports show less than 2% of identified vulnerabilities are exploitable, and less than 0.5% of vulnerabilities get exploited.

Snehal Antani, CEO and co-founder of Horizon3.ai said that CISO’s are overwhelmed striving to prioritize critical security findings and are attempting to decide what NOT to fix, but being susceptible doesn’t mean you’re exploitable. Our article is to help enterprises look at their environment through the eyes of the attacker to identify ineffective security controls and fix security issues that are most likely to be exploited by attackers. NodeZero, Horizon3.ai’s fully automated cyberattacker, assesses the attack surface of your hybrid cloud cloud-native, on-prem, edge, IoT using the same tactics as advanced threat actors and criminal organizations.

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