CardinalOps Ltd, the Israeli AI-powered threat coverage optimization startup, has raised $17.5 million in Series A funding round led by Viola Ventures. Battery Ventures, Glilot Capital, Symbol and top angel investors from the security industry also participated. CardinalOps has raised $24 million to date. The company plans to use the new funding to aggressively expand its go-to-market and product innovation.
The company’s cloud-based AI-powered platform automatically generates best practice recommendations for existing security information and event management in the native query language of tools like Splunk, Sentinel, IBM QRadar and Crowdstrike. These new detection rules are mapped to standard MITRE ATT & CK threat models and are deployed automatically to ensure any gaps in threat coverage are eliminated.
Backlogs and human error when manually developing new threat detection rules and queries are seen as the major contributing factors to the increasing complexity Security Operations Center (SOC) teams face nowadays. CardinalOps says its cloud-based platform does the job of skilled detection engineers but quicker and without the risk of human error.
The company also announced that Phil Neray has joined CardinalOps from Microsoft as Chief Marketing Officer (CMO) and Vice President of Cyber Defense Strategy.