Nagomi Security: Threat Exposure Management Company Secures $30 Million

By Amit Chowdhry • May 1, 2024

Nagomi Security (formerly Vena Security), a leader in proactive security and threat exposure management, emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with a seed funding round from Team8 and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures. Nagomi is also backed by leading angel investors, including Shlomo Kramer (founder of Check Point, Imperva, and Cato Networks), Nir Polak (founder of Exabeam), Guy Podjarny (founder of Snyk), and Galina Antova (founder of Claroty). This funding round will accelerate go-to-market and R&D efforts to meet the increasing global demand for proactive security and threat exposure management.

To help cybersecurity teams focus on real-world threats, Nagomi’s Proactive Defense Platform enables customers to optimize security stacks to defend against emerging, relevant attacks that are being carried out in the wild. The platform transforms fragmented best-of-breed solutions into best-of-suite security for customers by providing end-to-end visibility of defense capabilities mapped against MITRE ATT&CK. With this information, Nagomi helps security teams prioritize the most urgent risks based on an organization’s unique threat profile and provides prescriptive and actionable remediation plans to reduce threat exposure using existing tools.

Co-founded in January 2023 by CEO Emanuel Salmona, CTO Shai Mendel, and CPO Jonathan Meler, Nagomi saw unprecedented customer momentum. Just six months after the company was formed, Nagomi launched its flagship platform, had its first Fortune 500 customer channel deal, and crossed the $1 million ARR milestone while still in stealth mode. The company is also helping leading organizations like Applied Systems, HFW, and WELL Health Technologies stay ahead of adversaries.

Nagomi also made significant additions to its leadership team. Nathan Burke joins the company as Chief Marketing Officer (CMO), following six years as CMO at CAASM pioneer Axonius, where he helped lead the company from pre-sales to $100 million in ARR. Joseph Hoban joined Nagomi as Vice President of Sales, bringing decades of leadership experience in sales and channel roles, most recently at Axonius. And Morgan Gerlak, Partner at TCV, is joining Nagomi’s board of directors, serving alongside Nagomi’s founders and Team 8 co-founders and Managing Partners, Liran Grinberg and Nadav Zafrir.

KEY QUOTES:

“We have our sights set on solving one of the most pervasive problems in cybersecurity today. We’ve seen that over 80% of breaches occur at organizations that already had a tool in place to prevent it, and security teams are increasingly frustrated that they can’t be sure that the solutions they have deployed are protecting them against real threats. By mapping threats like ransomware, phishing, and other seen-in-the-wild campaigns and techniques, Nagomi shows security teams their level of protection and provides a plan of action to drive better defense.”

  • Emanuel Salmona, co-founder and CEO, Nagomi Security

“Nagomi is leading the charge on proactive security. Security teams are constantly deploying new tools and maintaining old ones. This leads to fragmentation and an internal battle to ensure tools are optimally configured against the ever-changing threat landscape. We believe Nagomi’s Proactive Defense Platform addresses this reality and can substantially improve how organizations close coverage gaps, map threats, and ultimately, protect themselves.”

  • Morgan Gerlak, Partner, TCV

“Nagomi has developed a highly innovative approach to maximizing the efficacy of security controls. Through highly integrated adaptive defense, Nagomi analyzes threats in the context of the customer’s unique security estate, ensuring that configurations are continuously refined to optimize security posture amid the rapidly evolving adversary landscape.”

  • Gur Talpaz, VP of Corporate Development, CrowdStrike

“At Okta Ventures, our mission is to partner with the teams and technologies that have what it takes to move the needle, and Nagomi fits this bill perfectly. The Nagomi Proactive Defense Platform is powerful, helping customers achieve the efficiency they need to get the most out of their existing technologies and, ultimately, best protect themselves from emerging threats. We are thrilled to partner with the company as it navigates this next stage of growth.”

  • Austin Arensberg, Senior Director, Okta Ventures

“When we first connected with Nagomi, we knew right away that the team and technology were world class, but what has excited us the most is seeing the customer response to being able to finally quantify how effective their security stacks are. The time to value with Nagomi’s Proactive Defense Platform is remarkable. The technology is enterprise ready and customers see value immediately. It’s not surprising that Nagomi already has such incredible business momentum – it offers the rare trifecta of innovation, simplicity, and measurable results.”

  • Liran Grinberg, co-founder and Managing Partner, Team8