Israeli cybersecurity company Seemplicity successfully raised $50 million in its Series B funding. The round was led by Sienna Venture Capital, with participation from Essentia Venture Capital and existing investors Glilot Capital Partners, NTTVC, and S Capital. Seemplicity is headquartered in Tel Aviv and has a branch in Palo Alto, California.

Seemplicity was founded in 2020 and focuses on helping businesses optimize their vulnerability and risk management approaches. The company states that artificial intelligence will play a crucial role in this process, automating the aggregation, prioritization, and remediation of vulnerability management. By introducing AI technology, Seemplicity aims to reduce tedious manual tasks for security teams, enabling them to respond more efficiently to security threats.

This funding will be used to accelerate the development and deployment of AI agents to provide personalized risk insights and actionable guidance. Seemplicity plans to help teams streamline their workflows based on specific business needs and external threat intelligence, thereby addressing potential security issues more effectively. The company aims to "reduce exposure noise by 95% and prioritize the top 5% of critical issues," allowing enterprises to focus on truly important risks.

The global shortage of cybersecurity talent is also driving the growth of Seemplicity. According to data, there are currently about 4 million fewer cybersecurity professionals worldwide, making improving efficiency crucial. Seemplicity plans to use the new funding to expand its market presence in the United States, enhance its business penetration in the UK and Europe, and achieve revenue growth through new sales channels.

Since its Series A funding in 2022, Seemplicity has achieved significant business growth, with an 800% increase in annual recurring revenue and a threefold increase in the number of customers. The company's CEO, Yoran Sirkis, said: "This funding comes at a time when we have seen tremendous growth and customer acceptance, showing the urgent need for more actionable exposure management methods within security teams. Our AI platform can proactively provide risk insights, generate remediation solutions, and automatically assign tasks, saving time for teams."

Lior Litwak, a managing partner at Glilot Capital Partners, added: "We believe Seemplicity's AI platform fills an important gap in the cybersecurity market, positioning the company as a global leader in exposure management. Since the Series A funding, we have witnessed how effectively Seemplicity addresses the needs of enterprise security teams, significantly reducing their workload while improving cybersecurity posture."

Key Points:

1. 💰 Seemplicity raised $50 million in its Series B funding and plans to accelerate innovation in AI technology.

2. 🤖 The company uses AI to automate vulnerability management, helping security teams improve work efficiency.

3. 🌍 Since 2022, Seemplicity has seen an 800% increase in annual recurring revenue and a threefold increase in the number of customers.