SAN FRANCISCO, June 8, 2021 /PRNewswire/ — Horizon3.ai, a cybersecurity startup focused on automated penetration testing-as-a-service (APTaaS™), today announced $8.5M in funding. Co-founded by former Splunk CTO, Snehal Antani, and Anthony Pillitiere, former Deputy CTO within U.S. Special Operations Command, Horizon3.ai delivers continuous, automated penetration testing, enabling companies to see themselves through the eyes of an attacker. This helps organizations to proactively find and fix attack vectors before criminals can exploit them. Led by SignalFire, the investments enable the company to accelerate its product roadmap and go-to-market strategy.
The significant growth of the global security testing market, forecasted to reach $27 billion by 2023 with a 20.7% CAGR, reflects the importance organizations place on effectively managing vulnerabilities and their associated risks. Issues arise when companies run their pen tests, vulnerability scanners, and other legacy assessment services, which often result in thousands of ‘critical’ findings that leave security teams overwhelmed and unable to prioritize, given limited time and resources. This is especially painful in enterprises with footprints spanning on-premises and cloud services. In fact, reports show less than 2% of identified vulnerabilities are actually exploitable, and less than 0.5% of vulnerabilities get exploited.
“CISO’s are overwhelmed trying to prioritize critical security findings and are…
