Stream.Security, a cybersecurity company based in Tel Aviv, Israel, has raised $30 million in a Series B funding round. The company specializes in cloud management and has developed a proprietary technology called Cloud Twin. This technology provides security operations teams with real-time cloud threat modeling, enabling them to detect attack paths across cloud infrastructures quickly.
The Cloud Twin technology identifies vulnerabilities and models potential damage from policy violations. This helps teams reduce response times by simulating attack paths. Stream.Security aims to address a critical gap in the industry, as 82% of organizations report response times exceeding seven hours for cloud-related breaches, while attackers can gain initial access in under three minutes. The Series B funding was led by U.S. Venture Partners (USVP), with participation from new investors Citi Ventures and existing investors Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners VC.
The total funding for Stream.Security now stands at $55 million since its founding in 2020. Or Shoshani, co-founder and CEO of Stream.Security, stated, “SecOps teams need a cloud solution they can trust, and without the ability to continuously assess and manage threat and exposure in real-time, they are securing the cloud through the rear-view mirror.
Stream.Security plans to use the funds to enhance its product capabilities, including auto-remediation and hybrid cloud support.
Stream.Security notches $30M in funding
The company aims to develop more rapid and accurate response tools to combat AI-driven cyberattacks, which are becoming increasingly sophisticated. Despite not having a large marketing team, Stream.Security achieved 400% growth over the past year due to its focus on product capabilities and Fortune 500 customers. The company employs 57 people and aims to continue its growth trajectory by expanding sales and product development efforts.
Stream.Security plans to expand its support for public cloud providers beyond Amazon Web Services and Microsoft Azure, including the Google Cloud Platform. The company intends to enhance support for hybrid cloud environments and integrate on-premises solutions to provide more comprehensive coverage for enterprises. As part of its Series B funding, Stream.Security will focus heavily on building a stronger U.S. market presence.
The company recently hired a chief marketing officer and chief revenue officer. It plans to invest in local partnerships, community engagement, and research to raise awareness of its brand and product offerings. Stream.Security’s latest funding round and strategic initiatives highlight its commitment to advancing cloud security solutions amidst growing threats from AI-driven cyberattacks. With plans for product development, market expansion, and enhanced multi-cloud support, the company aims to remain at the forefront of cloud security innovation.
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