Seemplicity, a cybersecurity company specialising in exposure action management, has secured $50m in a Series B funding round.
The investment was led by Sienna Venture Capital, with participation from Essentia Venture Capital as well as existing backers Glilot Capital Partners, NTTVC and S Capital.
Founded in 2020 by cybersecurity veterans Yoran Sirkis, Ravid Circus and Rotem Cohen Gadol, Seemplicity’s platform automates the aggregation, prioritisation and remediation of security exposures. It reduces exposure noise by up to 95%, highlights the 5% that matters, and automatically generates remediation tasks to help firms save both time and resources.
The new capital will be used to accelerate the development of Seemplicity’s AI agents, designed to provide personalised risk insights and proactive guidance to enterprise security teams. The funding will also support the company’s international growth plans, with a focus on expanding operations in the US, UK and Europe.
The company said the investment follows strong adoption among Fortune 500 firms and rapid customer growth, including an 800% rise in annual recurring revenue since its Series A round and a threefold increase in new client acquisition. Today, its technology processes over 1.5bn security findings each day across industries worldwide.
Seemplicity highlighted the urgent demand for its platform in the face of growing cybersecurity challenges, citing industry burnout and a global shortage of around four million cyber professionals. By streamlining workflows and reducing dashboard fatigue, its technology aims to return valuable time to security, IT and development teams.
Seemplicity CEO and co-founder Yoran Sirkis said, “This funding comes as we experience incredible growth and customer adoption, and is a clear signal that security teams need a more actionable approach to exposure management.
“Our AI-based platform proactively streams risk insights, generates the fixes, and assigns work automatically to give teams their most valuable resource back – time. We are now better-positioned to extend these benefits to a broader global market, working with new and existing go-to-market partners across the US, UK and Europe.”
Sienna Venture Capital partner Thomas Visan said, “I’ve been following Seemplicity closely for over a year and have been consistently impressed by the team’s execution, the pace of new customer adoption, and the strength of their growth.
“They are tackling one of the most critical and underserved areas in cybersecurity. Their ability to bring clarity, speed, and automation to exposure management is exactly what modern enterprises are looking for, and we’re proud to support them as they scale globally.”
Glilot Capital Partners managing partner Lior Litwak said, “We believe Seemplicity’s AI-powered platform addresses a critical gap in the cybersecurity market and positions the company as a global leader in exposure management.
“Since leading the Series A, we have witnessed firsthand how the Seemplicity platform addressed exactly what enterprise security teams need to dramatically reduce their workload while improving cyber posture. We’re proud to continue supporting their next phase of growth.”
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