Tuesday, October 29, 2024
HomeFunding CA-based Dazz Raises $50 Million Funding

[Funding News] CA-based Dazz Raises $50 Million Funding

Dazz, a leader in unified security remediation has secured $50 million funding round co-led by Greylock, with participation from Cyberstarts, Insight Partners and Index Ventures The latest financing brings the company’s total funding to $110 million and will fuel its mission to help security and engineering teams reduce exposure efficiently.

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The Dazz Unified Remediation Platform maps your code-to-cloud environment and overlays it with everything you need to know about security. Dazz automatically find code owners and arm them with contextual remediation steps. Developers are able to rapidly fix issues at root causes—all in their native workspace.

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“In a world where security breaches occur on average every 11 seconds, the constant rise in AI-powered threats presents a prominent danger of more efficient and scalable attacks,” said Merav Bahat, Dazz Co-Founder and CEO. “At Dazz, we are experiencing remarkable business momentum, thanks to a critical market gap that Dazz uniquely addresses. The last year proved that our innovation and execution leads to unprecedented growth, which this new round of funding will accelerate. We are honored and excited to deepen our collaboration with the world’s top cyber investors, with their unwavering trust and support fueling our mission to simplify cloud remediation and help our customers harness the power of AI to prevent attacks.”

“As founding investors in Dazz, we are excited to significantly increase our investment and co-lead the latest financing,” said Asheem Chandna, Partner at Greylock Partners. “Cybersecurity remediation is a growing high priority area. Merav and her accomplished team at Dazz have strong momentum underway as the leader in this new important category.”

About Dazz

Founded in 2021, Dazz delivers unified security remediation for fast-moving security and development teams. We plug into the tools that find code flaws and infrastructure vulnerabilities, cut through the noise, prioritize issues that matter most, and deliver fixes to owners all in a developer-friendly workflow. As a result, its customers are able to massively streamline their remediation processes and reduce exposure in hours instead of weeks. No wonder Dazz is becoming the standard for leading Application Security Posture Management (ASPM), Continuous Threat and Exposure Management (CTEM), and DevSecOps practices.

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