Nucleus Security: Funding Raised From Dcode Capital

By Amit Chowdhry • Sep 2, 2024

Nucleus Security, the enterprise leader in unified vulnerability management, announced an investment by Dcode Capital, a growth-stage venture capital firm backed by J.P. Morgan Asset Management. Dcode Capital’s funding follows Nucleus Security’s FedRAMP Moderate authorization and further validates the critical impact of the company’s Unified Vulnerability Management platform for Federal organizations.

Dcode Capital joins In-Q-Tel, Arthur Ventures, and Lead Edge Capital, along with Nucleus’ strategic partners, including Thundercat, Norseman, Carahsoft, Guidepoint Federal, and other leading solution providers.

Traditional vulnerability management often depends on multiple, fragmented tools and disjointed processes, making it challenging for the public sector to keep pace with the evolution of cyber threats.

Nucleus Security addresses these shortcomings by offering a unified vulnerability management platform that consolidates vulnerability data across various systems, providing a centralized view for navigating the intricacies of vulnerability analysis, triage, and remediation. Plus, Nucleus Security aims to address the challenges faced by federal organizations, defense contractors, and FedRAMP cloud service providers (CSPs) in complying with federal directives and regulations.

KEY QUOTES:

“Since we took part in its advisory program in 2021, Dcode Capital has been an important supporter of Nucleus Security, and we’re grateful for the opportunity to continue our partnership through this investment. Dcode Capital’s support comes on the heels of our FedRAMP authorization earlier this year. We’re incredibly proud of that achievement, especially as it has opened the gate for addressing key federal missions. Now, with Dcode Capital’s connections, knowledge, and first-hand experience, we’re one step closer to achieving our mission to solve the most critical cybersecurity challenges for the most essential organizations in the government sector.”

  • Stephen Carter, co-founder and CEO of Nucleus Security

“Government agencies are actively seeking best-of-breed commercial technologies to modernize and improve their security processes. Nucleus Security’s vulnerability management solution simplifies the complexities inherent in vulnerability analysis and provides agencies with the visibility and risk intelligence to effectively remediate threats. Having secured FedRAMP authorization earlier this year, Nucleus has demonstrated the rigor, commitment, and technical excellence we seek in companies we invest in. Effective vulnerability management is critical to our national cybersecurity efforts. We believe Nucleus Security can make a big impact in addressing this challenge.”

  • Dcode Capital managing partner and CIA veteran Rebecca Gevalt