Stream.Security raises $30 million Series B for cloud detection and response platform
Stream.Security raises $30 million Series B for cloud detection and response platform
The startup developed Cloud Twin technology, which provides SecOps teams with real-time cloud threat and exposure modeling to accelerate response.
Stream.Security, a cybersecurity company that develops and manages a platform for real-time cloud threat management and detection, has raised $30 million in a Series B funding round. The funding round was led by U.S. Venture Partners, with participation from Citi Ventures, Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners. This round brings the company’s total funding to $55 million.
Stream.Security was founded in 2020 by CEO Or Shoshani, who previously founded Cigol, which was acquired by Mellanox; CPO Stav Sitnikov, and former head of tech marketing at Mellanox; and CTO Liran Roffman, who previously held senior positions at cybersecurity company Imperva. Stream.Security employs 60 people at its Israeli R&D center and in the U.S.
The company developed Cloud Twin technology, which provides SecOps teams with real-time cloud threat and exposure modeling to accelerate response. By analyzing and understanding the past, present, and future states of the cloud environment, security teams can quickly identify attack paths across all components of the cloud infrastructure and assess the extent of damage. The software also allows teams to evaluate the potential impact of policy violations by users and drastically reduce the average response time by simulating a complete attack route.
Currently, about two-thirds of data breaches in organizations involve cloud-stored data, with the average cost of each breach estimated to be nearly $5 million. Additionally, 82% of organizations take more than seven hours to respond to an attack, while the average attacker needs less than three minutes to gain access to a company’s digital assets and start moving through them.
“SecOps teams need a cloud solution they can trust, and without the ability to continuously assess and manage threat and exposure in real-time, they are securing the cloud through the rear-view mirror,” said Or Shoshani, Co-Founder and CEO of Stream.Security. “This fundraising round comes after a year of over 400% growth and the addition of new clients in the finance, energy, and e-commerce sectors.”
