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Twine Snags $12M for AI-Powered ‘Digital Employees’ Tech – Source: www.securityweek.com

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Source: www.securityweek.com – Author: Ryan Naraine

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Twine, an Israeli security startup co-founded by Claroty veteran Benny Porat, emerged from stealth Wednesday with $12 million in seed capital to build AI-powered technology to address the cybersecurity skills shortage.

The Tel Aviv company said the funding round was co-led by Ten Eleven Ventures and Dell Technologies Capital, with investments from prominent angel investors, including the founders of Wiz.

Twine and its investors are betting on the idea of “digital cyber employees” to handle mundane but critical work in a security team. The company said its AI-created “digital employee” is already capable of understanding and automating tasks in the IAM (identity and access management) category.

The company boasted that its funding team brings a wealth of cybersecurity expertise. Porat, along with co-founders Nadav Erez, Omri Green, and Justin Woody, previously held leadership roles at industrial control security firm Claroty.

Twine said the seed capital will be used to ramp up development of the digital employee platform, with managing and automating IAM tasks a cornerstone of its initial offerings.  

Related: Non-Human IAM Provider Aembit Raises $25 Million

Related: IAM for MSPs Provider Evo Security Raises $6 Million

Related: Opal Security Scores $22M Investment for IAM Technology

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Related: Thoma Bravo Takes ForgeRock Private in $2.3B Deal

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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Original Post URL: https://www.securityweek.com/twine-snags-12m-for-ai-powered-digital-employees-tech/

Category & Tags: Artificial Intelligence,Funding/M&A,seed funding,skills shortage,Ten Eleven Ventures,Twine – Artificial Intelligence,Funding/M&A,seed funding,skills shortage,Ten Eleven Ventures,Twine

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