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NEWS & INSIGHTS

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AllegisCyber Leads Vicarius Series A Financing to Secure Software Supply Chains

AllegisCyber is honored to be partnering with the Viacarius team and to co-lead the Company's $24M Series A financing as they focus on reducing the threats and risks associated with Software Supply Chain Risk, one of the fastest growing threat vectors in Cyber Security..

AllegisCyber partner, Michael Feiertag, has joined the Vicarius Board of Directors, commented  “As a team, we have a great deal of experience in the Vulnerability Management space and have known that it has been ripe for investment for some time. Vicarius has finally cracked the nut on what's next, building a product that actually reduces risk rather than just assessing it. We're thrilled to be able to partner with Michael and the team as they bring their solution to the broader market - estimated to be $18 billion for vulnerability discovery, prioritization and remediation combined,” 

The current vulnerability remediation situation isn’t working, Vicarius tells TechCrunch. It’s a process split between two departments — security teams, which identify and prioritize vulnerabilities, and IT, which remediate them while focusing on keeping operations running smoothly, creating an inherent conflict of interests. It’s also a process that remains “super vendor dependent,” according to Michael Assraf, CEO of Vicarius.

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vicariusseries a, softwaresupplychainrisk, allegiscyber, portfolio news