Valence Emerges From Stealth With $7M in Funding to Secure the Business Application Mesh>
Financial Buzz
Valence, a cybersecurity startup delivering the first security platform to bring zero trust principles to the Business Application Mesh, today announced $7 million in seed funding led by YL Ventures with participation from renowned security executives and serial entrepreneurs. Valence provides comprehensive visibility into the mesh of business application integrations and automated workflows, while identifying and mitigating associated risks and enforcing policy controls.

Valence was founded by experienced cybersecurity professionals and serial entrepreneurs Yoni Shohet, CEO, and Shlomi Matichin, CTO. Industry leaders and security luminaries participated in Valenceâs seed round, including Phil Venables, former CISO at Goldman Sachs; Justin Somaini, CSO at Unity Technologies; Karl Mattson, former CISO at PennyMac; Maarten Van Horenbeeck, CISO at Zendesk; Michael Sutton, former CISO at Zscaler; Shay Banon, co-founder and CEO at Elastic, and Benny Schnaider, co-founder and Chairman at Salto.

Valenceâs platform is already deployed at select global enterprises which were able to significantly reduce their risk surface with actionable insights. The platform delivers immediate, non-intrusive risk surface management, bringing Business Application Mesh connectivity out of the shadows, providing organizations with a visible map of their app-to-app integrations, and spotlighting risky third-party connections. It continuously alerts on anomalous activities and unauthorized data access across the Business Application Mesh. Allowing security teams to be more preemptive regarding risks, the platform applies zero trust principles and enables enforcement of policies, such as least privilege, significantly reducing the risk surface.
Link: https://www.financialbuzz.com/valence-emerges-from-stealth-with-7m-in-funding-to-secure-the-business-application-mesh/