Tel Aviv-based Kodem secures $25 million to tackle application security
Application security is still one of the most challenging aspects of enterprise security issues. In addition to the necessity to identify and track a constantly changing and evolving carousel of services, using one app frequently increases the chance of making another app vulnerable.
Kodem, a Tel Aviv-based firm has now emerged as the latest startup tackling application security. The firm has now successfully arisen from stealth, armed with a total of $25 million. The funding includes both a Series A of $18 million led by Greylock with a seed of $7 million co-led by TPY Capital and Greylock.
Kodem plans to use the funds to launch its platform globally and expand its go-to-market team. Founded in 2021 by Aviv Mussinger, Pavel Furman and Idan Bartura, Kodem uses runtime intelligence to find and mitigate application security risks. The founders have deep cybersecurity experience with unique backgrounds in operating systems allowing them to develop a solution that addresses critical vulnerabilities while eliminating false positives.
The team comprises security veterans from none other than the NSO Group, focusing on determining and mitigating risks by tapping into the runtime intelligence of individual applications.
