Radiant Security, a pioneering force in AI-enhanced security operations solutions, today announced the successful closure of a $15 million Series A funding round. This strategic financing, led by Next47, reaffirms the soaring demand for cutting-edge, AI-based solutions that address the longstanding challenges that Security Operations Centers (SOCs) face.
Along with Next47, this funding round included participation from all previous investors – including Lightspeed Venture Partners, Acrew Capital, Uncorrelated Ventures, and Jibe Ventures. And the company’s Series A welcomes a new investor, General Advance.
SOCs now employ dozens of tools to help safeguard their environment from attacks, and these tools generate so much noise that it’s nearly impossible for analysts to keep up. And while security analysts spend countless hours performing the same tedious, time-consuming tasks repeatedly, they still barely scratch the surface. This model is both demoralizing and ineffective due to a reliance on human effort, a particularly scarce resource in the cyber community.
In response, SOCs have been turning to AI-enhanced solutions like Radiant Security’s SOC co-pilot for relief, aiming to enable analysts to complete their workloads and level the playing field with cyber attackers. And the SOC co-pilot is an ideal fit for SOC workloads due to its scalability and ability to analyze extensive, disparate data sets. The solution is a powerful assistant that amplifies analyst productivity by automating tasks like alert triage and incident investigation, delivering decision-ready results. This forms the core of Radiant’s innovation, and the results speak for themselves:
1.) Kyowa Kirin – a global specialty pharmaceutical and biotech leader – initially purchased Radiant Security to enhance SOC analyst productivity for its North American operations. And after a simple installation, Radiant’s SOC co-pilot identified and escalated a potential threat within two hours. With an AI-generated incident analysis, response plan, and one-click remediation capabilities, Kyowa Kirin’s analyst swiftly contained and resolved the threat, preventing further escalation.
2.) RFA.io – RFA, a leading Managed Service Provider (MSP) specializing in IT, cloud, and cybersecurity services for the financial sector, has also entered a game-changing partnership with Radiant Security.
KEY QUOTES:
“This influx of capital will enable Radiant Security to push forward its innovation and further develop cutting-edge technologies. We plan to expand our engineering and go-to-market capacity to bolster our position as a frontrunner in the rapidly-emerging AI-enhanced security operations market.”
— Shahar Ben-Hador, CEO and co-founder of Radiant Security
“Radiant Security’s vision aligns seamlessly with the evolving landscape of cybersecurity. Their innovative approach and dedication to addressing longstanding security challenges make them a valuable partner to their customers. We are excited to lead this funding round and support their journey towards redefining security operations.”
— Next47’s security investor Moshe Zilberstein
“Radiant Security is a valuable partner, helping safeguard our organization, enabling swift and effective responses, and reinforcing our commitment to security excellence.”
— Eric Sanchez, Global CISO of Kyowa Kirin
“By integrating Radiant’s AI-powered SOC co-pilot into our internal SOC, RFA is now leveraging AI to provide unmatched security outcomes in terms of capacity, speed, and accuracy. This partnership marks the beginning of an entirely new approach to delivering managed security services and it reflects our commitment to leading-edge technology and innovative solutions for our clients.”
— Grigory Mils, CIO of RFA
