Cybersecurity startup Veriti announced that it has emerged from stealth and raised $18.5 million in funding from two investors, according to TechCrunch.
The company sad it would use the capital to scale business operations and continue developing its product. The Veriti platform integrates with an enterprises security stack and assesses its logs, security configurations, sensor telemetries and threat intelligence feeds to gain insight into its current risk posture. Using artificial intelligence, the platform informs users of events that are potentially reducing business uptime, as well as identifies the root cause of the issues and provides suggestions on security policy changes that would address them.
Enterprise security posture is usually sub-optimal. This is due to many reasons, including tool sprawl, increased complexity, massive amounts of data and limited resources, said Veriti co-founder Oren Koren. This is what inspired us to build Veriti's platform -- to address these complexities and help IT and security stay on top of this challenge.
Ahead of its imminent approval, the Biden administration's proposed executive order mandating U.S. cloud infrastructure-as-a-service providers to strengthen the verification of their users' identities has received industry opposition due to the increased financial and logistical burdens that would arise from such a rule, according to The Record, a news site by cybersecurity firm Recorded Future.
U.S. independent record label Empire Distribution, which has worked with Kendrick Lamar, Snoop Dogg, and 50 Cent, had its sensitive data exposed as a result of an environment file misconfiguration, Cybernews reports.