Root Evidence, the cybersecurity startup championing evidence-based security, announces it has raised $12.5 million in a seed round. The oversubscribed financing was led by Ballistic Ventures with participation from Grossman Ventures, and others. The investment brings together an incredible group of highly accomplished figures in cybersecurity supporting Root Evidence’s mission of delivering evidence-driven solutions that distill digital risk into quantifiable business outcomes.
Veteran Founding Team
Root Evidence’s founders, Jeremiah Grossman (Chief Executive Officer), Robert “RSnake” Hansen (Chief Technology Officer), Heather Konold (Chief Operations Officer), and Lex Arquette (Chief Product Officer), are a widely recognized team of serial cybersecurity entrepreneurs with decades of experience who have led multiple successful companies.
Grossman previously co-founded WhiteHat Security, later joined SentinelOne as Chief of Security Strategy early on prior to their record-setting IPO, and then co-founded Bit Discovery with this same team in 2020, which was quickly acquired by Tenable in 2023. Grossman and Hansen’s innovations have been credited with revolutionizing entire sectors of the cybersecurity industry, from web application security to attack surface management, while Lex Arquette, co-founder of WhiteHat Security and Bit Discovery, built Meta’s (then known as Facebook) homepage and growth systems that onboarded their first billion users. For years members of the team have also been startup investors, board members, and advisors who have contributed to many other successful startups. Together they are now setting their sights on one of cybersecurity’s biggest and most persistent challenges: vulnerability management.
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The Vulnerability Management Challenge
Many CISOs have long expressed frustration with the state of vulnerability management. They are overwhelmed by the sheer volume of vulnerability findings, struggle to maintain full coverage of their attack surface, and face constant challenges in prioritizing what to fix first and justifying the resources needed for remediation. Yet, the reality is that only a small fraction, well under 1% of all known vulnerabilities, statistically matter – adversaries only actively exploit a handful to cause material harm. Root Evidence is on a mission to change that.
Why Root Evidence?
“We decided the best way for us to move the needle in cybersecurity is by taking on vulnerability management because the old approaches clearly aren’t working. Companies want to be confident that the truly riskiest vulnerabilities are being found and need new ways to demonstrate that what they fix measurably reduces the likelihood of a breach, and translates that impact into actual real dollars and cents,” said Grossman.
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