Cyber Asset Management Platform Noetic Launches With $20 Million in Funding

3 years ago 184

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Cyber asset management and controls platform Noetic Cyber emerged from stealth mode today and also announced that it has raised $20 million in Series A funding.

Founded in 2019, with headquarters in Boston and London, Noetic claims to take a new approach to cybersecurity, relying on API aggregation and correlation to gather data from security and IT management tools.

The company leverages graph database technology to identify key entities in an organization’s environment, both in the cloud and on-premises, and then creates a dynamic map of the cyber connections between those entities, to discover cyber risks and systems that are not policy-compliant.

Through built-in orchestration and automation, Noetic’s platform also aims to deliver remediation capabilities to its customers, as well as to help cybersecurity teams “anticipate and react to changing IT and security requirements.”

Noetic’s Series A funding round was led by Energy Impact Partners. Existing seed investors TenEleven Ventures and Glasswing Ventures contributed as well.

Noetic was founded by Paul Ayers (CEO), Allen Rogers (chief product officer) and Allen Hadden (chief architect).

“Through my discussions with CISOs and security leaders, I’ve repeatedly heard that they need better visibility into their constantly changing digital infrastructure, but equally they don’t want just another dashboard of issues to address. Security needs certainty in order to automate processes, and with Noetic, we’re providing the high-fidelity source of truth that allows security teams to use automation to identify, prioritize and fix problems,” Ayers said.