Unified vulnerability management startup Nucleus Security Inc. revealed today that it has raised $20 million in new funding to accelerate product development and enhance customer experience and expand its presence in the Asia Pacific.
Lead Edge Capital led the Series B round, with Arthur Ventures also participating. Including the new funding, Nucleus Security has raised $23.1 million to date, according to Crunchbase.
Founded in 2018, Nucleus offers a vulnerability and risk management solution that automates vulnerability management processes and workflows. The service is said to enable organizations to mitigate vulnerabilities 10 times faster than they can now, using a fraction of the resources that it takes to perform these tasks today.
Nucleus says it breaks down traditional silos of vulnerability information and enables large enterprises to implement a comprehensive intelligence-led vulnerability management program across the organization. The company describes itself as sitting at the nexus of vulnerability data, asset information and embedded threat intelligence, providing contextually relevant data and allowing for automated response at large scale.
The company’s platform integrates with over 100 scanners and external tools, unifying existing security stacks into one single platform. This eliminates laborious manual data analysis, vulnerability triage, remediation and monitoring and accelerates decision-making and prioritization for vulnerability teams.
In the last year, Nucleus has quadrupled its headcount and more than tripled its annual recurring revenue, though it didn’t reveal specifics. Notable customers include Toyota Motor Co., National Australia Bank Ltd., The Motley Fool LLC, Australia Post, Qantas Airways Ltd. and AGL Energy Ltd.
“Providing the best customer experience and the best risk-based vulnerability management platform for large enterprises remains our top priority,” Steve Carter, co-founder and chief executive officer of Nucleus, said in a statement. “To accomplish this, we believe that it is key to be investing in our team and ensuring that Nucleus remains one of the best cybersecurity startups to work for.”
The company also has a strategic partnership with Mandiant Inc., recently acquired by Google LLC. Under the deal announced in February, Nucleus customers have access to Mandiant Advantage Vulnerability Intelligence at no extra cost.