Remediation Operations Startup Seemplicity Raises $50M In New Funding

Seemplicity plans to use the additional financing to boost the AI capabilities of its platform and rapidly expand its go-to-market efforts.

Seemplicity, a fast-growing startup in the remediation operations space, has raised $50 million in a Series B funding round, the company said Wednesday.

The company said it will leverage the new funding to increase its investment in AI capabilities and fuel ongoing development of its product to make its capabilities “more usable and accessible for organizations of all sizes.”

The additional funding also will “support a rapid expansion” of its go-to-market strategy and be used to further scale its U.S. operations, expand its presence across the UK and Europe, and “drive revenue growth through new sales channels,” the company said.

The funding round was led by Sienna Venture Capital with participation from Essentia Venture Capital and existing investors Glilot Capital Partners, NTTVC and S Capital.

Seemplicity, founded in 2020 and headquartered in Tel Aviv, Israel, develops a remediation operations “exposure action” platform that’s used by IT operations, DevOps and cybersecurity teams to automate and streamline the entire vulnerability management and remediation process. The company’s U.S. operations are based in Palo Alto, Calif.

The company was co-founded by cybersecurity industry veterans CEO Yoran Sirkis (center in photo), Chief Product Officer Ravid Circus (left) and CTO Rotem Cohen Gadol (right).

“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,” Sirkis said in a statement announcing the new funding.

The Seemplicity platform uses AI-powered workflows to aggregate and prioritize remediation tasks and route them to the right people, reducing manual efforts and speeding time-to-remediation, according to the company. In addition to helping businesses and organizations fix potential system vulnerabilities more quickly, Seemplicity promotes its technology as a way to give critical time back to security, development and IT operations teams.

“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,” Sirkis said.

Seemplicity said one specific intended use for the new funding will be accelerating the development and deployment of AI agents to “deliver personalized risk insights and proactive, actionable guidance” through the company’s platform. The company said these upcoming agents “will serve as companions for more actionable exposure management, combining each organization’s business logic with external threat intelligence to simplify workflows and empower teams to fix the real issues behind vulnerabilities.”

In today’s announcement, Seemplicity said the new funding round follows a year of “significant growth” including an 800-percent increase in annual recurring revenue since its Series A funding round ($26 million) in June 2022 and three-fold growth in new customer acquisition. The Seemplicity platform processes more than 1.5 billion security findings every day, according to the company.

“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,” said Thomas Visan, a partner at Sienna Venture Capital, in a statement. “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.”