Source: www.securityweek.com – Author: Eduard Kovacs
Spektion emerged from stealth mode on Tuesday with $5 million in seed funding for its software vulnerability management solution.
The Austin, Texas-based company has announced the general availability of its platform, which aims to address the shortcomings of traditional vulnerability management solutions.
The Spektion platform delivers continuous vulnerability analysis for an organization’s entire software inventory, leveraging runtime behavior analysis to provide detailed information on real risks, and enabling customers to prioritize and mitigate flaws, even ones that don’t have CVEs or patches.
The platform can easily be integrated with other security solutions and Spektion says deployment requires minimal overhead.
Spektion was founded by Joe Silva, who previously served as Global CISO of Jones Lang LaSalle (JLL) and Senior VP of Cybersecurity and Fraud at TransUnion. Silva will serve as the company’s CEO.
The founding team also includes Josh Skorich, who will serve as CTO, and Julien Maladrie, who will serve as head of R&D. They both also worked at TransUnion, and Maladrie has also held research and offensive security roles at JLL, Symantec and the European Commission.
The $5 million seed funding raised by Spektion comes from LiveOak Ventures, with participation from Tau Ventures and Dauntless Ventures.
“We founded Spektion to break the cycle of ineffective vulnerability management. The current approach is reactive, inefficient, and fails to significantly reduce risk, despite considerable resource investments,” said Silva.
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He added, “Today’s software vulnerability management for commercial, open source, and homegrown applications is stuck in the same paradigm as early antivirus solutions — relying on static data points that can’t keep pace with the dynamic nature of vulnerabilities and lacking the insights that runtime solutions offer. This outdated approach leaves organizations perpetually vulnerable, just as traditional antivirus eventually proved inadequate against evolving threats such as zero days and sophisticated malware.”
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Original Post URL: https://www.securityweek.com/vulnerability-management-firm-spektion-emerges-from-stealth-with-5-million-in-funding/
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