Atmosec, a cybersecurity business based in Tel Aviv, has received $6 million in seed funding to help protect SaaS ecosystems by allowing anomaly detection and mitigation.
Glilot Capital Partners and Battery Ventures led the round, including Nadir Izrael (CTO) and Armis Co-Founders Yevgeny Dibrov (CEO); Wiz Co-Founder and CEO Assaf Rappaport; and Talon Cyber Co-Founder and CEO Ofer Ben-Noon.
“We recognize a trend of security professionals prioritizing Saas Security solutions. Atmosec has developed a solution that bridges the gap in securing this SaaS ecosystem, protecting cloud-enabled businesses from increasingly advanced attacks on SaaS services,” said Kobi Samboursky, Founder and Managing Partner at Glilot Capital Partners.
Since its start in 2021, Atmosec has helped enterprises tackle the problem of protecting their cloud-based ecosystems. The startup accomplishes this by analyzing the behavior of programs using contextual analysis, finding anomalies, and automatically correcting them.
“Organizations today rely on an ever-growing number of SaaS applications to run their businesses—so in many ways it’s surprising that many have inadequate systems to manage third-party risk. Atmosec is addressing this critical problem with new technology that provides cloud-native enterprises with greater visibility into their existing systems and helps them lower the risk of outsiders exploiting their third-party business applications and app-to-app connectivity paths,”Adi Dangot Zukovsky of Battery Ventures
With more businesses moving to a cloud-based model every day and cybersecurity risks rising, SaaS security solutions are quickly becoming a must-have. According to Ermetic, by 2021, 98 percent of all businesses will have experienced at least one cloud data breach. Atmosec is adopting a unique approach by examining the actual behavior of SaaS platforms, a critical indicator that other media have neglected in the past.