Vicarius
Overview
Vicarius is a cybersecurity company headquartered in New York, focusing on vulnerability management and remediation. Founded in 2016 by Michael Assraf, Yossi Ze’evi, and Roi Cohen, the company has rapidly grown in prominence within the cybersecurity industry. Vicarius has raised a total of $59.1 million over several funding rounds, with the most recent Series B round securing $30 million in January 2024. The company is known for its flagship product, vRx, an automated end-to-end vulnerability remediation platform designed to consolidate vulnerability discovery, prioritization, and remediation.
Recent Developments
- January 2024: Vicarius raised $30 million in a Series B funding round led by Bright Pixel Capital, with participation from AllegisCyber Capital, AlleyCorp, and Strait. This investment aims to support Vicarius's global expansion and further develop its AI capabilities, particularly the vuln_GPT, an AI tool for vulnerability remediation.
- August 2023: Vicarius launched vuln_GPT at the Black Hat USA conference. This AI-based tool automates the generation of scripts for vulnerability remediation, a significant step in leveraging AI technologies to address cybersecurity challenges.
- 2023: Vicarius expanded its customer base to over 400 global organizations, including prominent names like PepsiCo and Hewlett Packard Enterprise. The company experienced a 5x growth in demand due to its innovative solutions in vulnerability management.
- 2022: The company's funding rounds before the Series B included a Series A round that raised $24 million. Vicarius's rapid scaling is attributed to its focus on providing advanced security measures suitable for digital transformation challenges.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | May 23, 2016 |
| Headquarters | New York, NY, USA; Tel Aviv, Israel |
| Founders | Michael Assraf, Yossi Ze’evi, Roi Cohen |
| Revenue | $44.9K (as of Dec 2022) |
| Profits | $4.17K (as of Dec 2022) |
| Key Investors | Bright Pixel Capital, AllegisCyber Capital, JVP |
| Industry | Cybersecurity |
| Number of Employees | Approximately 97 as of 2024 |
Early History
Vicarius was established in 2016 by cybersecurity experts Michael Assraf, Yossi Ze’evi, and Roi Cohen. Initially focused on protecting organizations against software exploitation, the company saw an opportunity in the growing need for more efficient and comprehensive vulnerability management. The founders, driven by a shared mission to enhance digital security, designed and developed vRx, a vulnerability remediation platform. The platform's comprehensive capabilities in asset visibility, vulnerability discovery, and threat management quickly attracted attention within the cybersecurity sector, leading to substantial early-stage funding rounds that fueled the company’s growth and development.
Company Profile and Achievements
Vicarius's business model centers around providing an integrated solution for vulnerability management through its vRx platform. This solution bridges the gap between vulnerability discovery and remediation by utilizing AI-driven technologies. Achievements include:
- 2018: Launch of vRx, which set a new standard in cybersecurity by offering unified discovery, prioritization, and remediation capabilities.
- 2022: Achievement of substantial customer growth with over 400 organizations adopting vRx.
- 2023-2024: Introduction of innovative tools like vuln_GPT, enhancing the platform’s capability to process and neutralize vulnerabilities autonomously.
- Strategic Partnerships: Collaboration with various global enterprises, reinforcing its market position as an innovative leader in cybersecurity solutions.
Current Operations and Market Position
Vicarius operates primarily in the cybersecurity industry, focusing on proactive vulnerability management solutions. Its vRx platform is pivotal in helping organizations reduce risks associated with software vulnerabilities, especially as digital transformations accelerate across industries. The company's market position is strengthened by its unique approach of integrating AI into cybersecurity, making it a preferred choice among enterprises seeking robust and scalable security solutions. Vicarius continues to expand globally, with a strong presence in key markets across North America and the Asia Pacific region.
Conclusion
Vicarius is a significant player in the cybersecurity landscape, known for its forward-thinking approach to vulnerability management and remediation through the use of AI technologies. The company’s growth and innovative product offerings, like vRx and vuln_GPT, demonstrate its commitment to advancing security measures that meet the evolving needs of modern enterprises. As Vicarius continues to scale and enhance its AI capabilities, it is well-positioned to influence future trends in cybersecurity risk management strategies.