QIZ Security Raises $17 Million for Cryptographic Governance Platform
Summary
Israeli startup QIZ Security raised $17 million in seed funding to grow its platform for discovering and managing cryptographic assets, identifying weaknesses, and prioritizing remediation across on-premises, cloud, and hybrid environments.
Key points
- The seed round was led by Bessemer Venture Partners and Merlin Ventures, with five other investors participating.
- QIZ says its platform discovers cryptographic assets and maps their connections to applications and business systems.
- The platform flags issues including outdated protocols, weak cipher suites, and encryption gaps affecting data in transit and at rest.
- It ranks identified weaknesses by severity and business impact and generates prioritized remediation plans.
- QIZ says its platform uses API-based integration rather than agents or network probes and is intended to support post-quantum readiness.
Article Details
- Event Type
- Seed funding announcement
- Impact
- QIZ Security raised $17 million to accelerate growth and enhance its platform for discovering and governing cryptographic assets, prioritizing encryption weaknesses, and supporting post-quantum cryptography readiness.
People
Ben VolkowQIZ Security co-founder and CEO; described the company's cryptographic governance platform and its post-quantum readiness goals.Itan BarmesNamed as a co-founder of QIZ Security, which developed a cryptographic governance platform.Lenny RidelNamed as a co-founder of QIZ Security, which developed a cryptographic governance platform.