Avalor Raises $25 Million to Unify Cybersecurity Data and Streamline Businesses' Security

The cybersecurity industry is facing a major challenge due to the vast amount of data generated by various tools. Kfir Tishbi, who previously led the engineering team at Datorama, a marketing analytics company acquired by Salesforce in 2018, has experienced this problem firsthand during his time at CitiBank and digital entertainment startup Playtika. Alongside his former colleague Raanan Raz, Tishbi has now co-founded Avalor, a platform with the mission to provide a single source of truth for cybersecurity assets, controls, identities, vulnerabilities, bugs, and other data points. Avalor aims to assist security teams by aggregating, normalizing, de-duplicating, and tracking risk data, from discovery to remediation. The platform successfully bagged $25 million in a Series A funding round led by TCV and Salesforce Ventures, with the total amount raised now reaching $30 million. The newly acquired funding will be directed towards expanding R&D, product, sales, marketing, and customer success teams in both the U.S. and Israel. Avalor's platform is designed to benefit not only security teams, but also CTOs, engineering, and IT partners, by providing real-time transparency into data sources with labeling and lineage. According to Raz, who serves as CEO, the company's approach helps organizations eliminate the noise of security scanners and prioritize vulnerabilities based on their specific business context. Although numerous startups like Securiti and Dig Security are working to address the cybersecurity data problem, Avalor differentiates itself in three main ways: handling data from any source in any format, offering vulnerability risk management and prioritization tools, and maintaining scalability with capabilities to handle zettabyte-sized data volumes. The vision for Avalor is to eventually allow third-party security vendors to develop applications for specific use cases on top of their platform. Despite no official revenue figures or customer base size disclosed, Avalor's investor support fuels their momentum. Morgan Gerlak, a partner at TCV, shared his notion on the company's growth potential: An ever-growing number of tools have left organizations scrambling to extract signal from noise. Avalor takes aim at this problem with an extensible solution that supports several common security use cases. A report from Crunchbase predicted that the cybersecurity sector would continue to experience stable demand amidst valuation cuts. With an increasing number of high-profile cyberattacks gaining attention and businesses seeking to consolidate their security tools, platforms like Avalor are poised to make a significant impact. Raz highlights the value of the Avalor data fabric, which helps security teams make faster, more accurate decisions by providing real-time access to complete, reliable information from various sources. In the modern digital landscape, platforms like Avalor and no-code platforms like AppMaster.io are becoming increasingly essential. By offering consolidated management of cybersecurity data, these platforms help businesses streamline their security processes and remain protected in an ever-evolving threat landscape. Avalor's recent achievement of raising $25 million demonstrates their commitment to fulfilling this mission and paves the way for their growth in the sector.