Vicarius – the developers of vRx (the industry’s first fully autonomous end-to-end vulnerability remediation platform) announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). And AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding is now over $56 million.
Vicarius is transforming the market with fully automated and autonomous vulnerability remediation solutions that proactively reduce cyber risk for businesses. And legacy solutions create too many alerts and too much work for overburdened security teams.
The funding round comes fresh off the release of vuln_GPT — which is the company’s proprietary LLM technology that writes detection and remediation scripts and ushers in an era of assistive technology for security teams and follows on record-setting 5x growth over the last year, driven by customer demand for a single platform that consolidates, personalizes, and scales the vulnerability remediation process. And since the company’s last round of funding in 2022, Vicarius grew its customer base to over 400 customers, adding global organizations like PepsiCo, Hewlett Packard Enterprise (HPE), Bupa, and Equinix, along with more than two dozen Fortune 500 companies.
The funding will be used to accelerate the company’s expansion at a global scale and support its growing base of worldwide customers, from North America to Europe. And the funding will also further advance Vicarius’s AI roadmap and industry-leading pace of product innovation while continuing to support the company’s community initiatives like vlabs, the R&D division dedicated to developing free security tools for the cybersecurity community; vsociety, the community for security researchers and hackers that has grown to over 5,000 members; and vconnect, the partner dashboard with unparalleled visibility into the commercial pipeline from trial to close.
vRx is the company’s flagship, consolidated vulnerability remediation solution that upends the traditional vulnerability management market and meets the needs of today’s organizations. Utilizing in-house AI technology, Vicarius automates much of the discovery, prioritization, and remediation workload plaguing security and IT teams. And an early adopter of product-led growth (PLG), Vicarius’s self-service model changes the cybersecurity solution buyer’s paradigm by letting customers transparently test and find value in vRx before purchasing.
Vicarius started AI integration with script generation using vuln_GPT, which creates detection and remediation scripts for vulnerabilities. And with the new funding, the company will continue to innovate and integrate AI further into its product platform, eventually encompassing all modules, including prioritization and automation. This first-player move helps eliminate the manual work of creating and implementing policies for applying patches as well as for Patchless Protection (when patches have not been developed or deployed).
KEY QUOTES:
“Whenever we look at companies in the growth stage, we not only consider the founders’ mission and objectives but also the intangible factors that often get overlooked when assessing market potential. It was clear from the multiple discussions that we had with Michael, Roi, and Yossi that their team-building skills are elite. It’s this special combination of deep technical expertise with strategic hiring that makes Vicarius a very attractive company for us.”
— Fernando Martins, Investment Director at Bright Pixel
“The platform itself is remarkably user-friendly, making it accessible to both beginners and experts alike. But what truly sets vsociety apart is its awesome community, who support and inspire each other on a journey of continuous learning and exploration in the world of information security.”
— Jakab Akos, a vsociety member
“We are immensely excited to partner with the Bright Pixel team. Their wealth of experience will help us grow our company to the next level. Vicarius is best positioned to take on the much-needed task of transforming the vulnerability management market from assessment to remediation. We are committed to growth and have been hard at work creating solutions that will be flexible to the changing AI landscape, all while staying core to our mission of protecting our customers from vulnerabilities.”
— Michael Assraf, CEO of Vicarius
