Hackuity Raises $19M to Scale Vulnerability Management

The big picture: Hackuity, a Lyon-based vulnerability management platform, recently secured $19 million in a Series B round, bringing its total funding to $38 million. The company aims to help enterprises prioritize and remediate security flaws faster than they are discovered.

Why it matters:

• AI-driven vulnerability surge: Recent tests with advanced AI models like Anthropic’s Mythos have revealed over 10,000 high-severity security flaws in partner codebases, with 99% unpatched, highlighting a growing gap between vulnerability discovery and remediation.
• Expanding market need: The security and vulnerability management market is projected to grow from $19 billion to $32.7 billion by 2034, driven by the increasing volume and complexity of cyber threats.
• Strategic prioritization: As vulnerabilities proliferate, companies require sophisticated tools to contextualize threats, prioritize risks based on business impact, and coordinate swift remediation efforts.

How it works:

• Comprehensive data aggregation: Hackuity integrates with over 130 security tools, collecting a vast array of vulnerability data from diverse sources across an organization’s assets.
• Contextual risk scoring: The platform employs a proprietary scoring system that analyzes vulnerabilities based on severity, exploitability, threat intelligence, asset importance, and business impact to determine immediate action.
• Automated remediation coordination: Hackuity prioritizes critical alerts, reducing them to 0.01%, and automates up to 70% of exposure management, increasing remediation speed by threefold for its customers.

The catch: The vulnerability management market features a mix of specialized ‘best-of-breed’ solutions and ‘best-of-suite’ offerings from larger vendors, creating a competitive landscape. Hackuity faces challenges in differentiating against established players and avoiding potential biases inherent in scanner-centric platforms. The company also navigates the complexities of integrating with a wide array of American and Israeli tools while pitching its independence to European customers.