Twine – a US and Israel-based cybersecurity company, announced $12 million in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz.
The initial funding will accelerate the development of Twine’s digital cyber employees who help security teams close the industry’s critical talent gap.
The company’s first digital employee Alex learns, understands, and takes away the burden of identity management tasks – proactively completing the organization’s cyber objectives.
Twine’s platform equips cybersecurity teams with digital employees who work along with cyber teams to complete their security objectives. And the company’s founders recognized Identity Access Management (IAM) as a key pain point for IT and cyber departments, who face the threat of malicious actors gaining access to their systems.
Twine’s Alex, the first of many digital cybersecurity employees, is trained to understand and take care of identity management tasks from start to finish, and help organizations maximize their performance.
The company was launched by cyber experts and longtime friends Benny Porat (CEO), Nadav Erez (Technology), Omri Green (Go-To-Market) and Justin Woody (Marketing). And the four were previously core team members at multi-billion-dollar-valued cyber unicorn Claroty, where Porat was Co-Founder and CTO, leading it to a $100+ million annual recurring revenue (ARR), with more than a thousand customers globally.
Twine secured the sum from two US-based VCs – Dell Technologies Capital (led by Deepak Jeevankumar), and Ten Eleven Ventures (led by Mark Hatfield) – alongside private angel investors including the CEO and Co-Founder of Wiz, Assaf Rappaport as well as the company’s Co-Founder and VP R&D, Roy Reznik; the CEO and Co-Founder of Endor (who previously sold RedLock to Palo Alto Networks where he became SVP, Prisma Cloud), Varun Badhwar; and others.
KEY QUOTE:
“Our vision is to create AI digital cybersecurity employees that can grasp each organization’s unique needs, and allow end-to-end cyber execution, starting with identity management. We believe that cybersecurity teams are looking for a solution that improves efficiency and strikes the right balance between human and machine collaboration.”
– Benny Porat, CEO and Co-Founder, Twine
