Funding News NYC

Nagomi Security Emerges From Stealth With $30 Million

NEW YORK — Nagomi Security, a provider of cyber security and threat exposure management, has emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools.

The company operated in stealth mode with Seed funding from Team8, and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures. Nagomi is also backed by leading angel investors, including Shlomo Kramer, founder of Check Point, Imperva, and Cato Networks, Nir Polak, founder of Exabeam, Guy Podjarny, founder of Snyk, and Galina Antova, founder of Claroty. The financing will be used primarily to accelerate go-to-market and research and development efforts in order to meet the increasing global demand for proactive security and threat exposure management.

With a mission to help cybersecurity teams focus on real world threats, Nagomi’s Proactive Defense Platform enables customers to maximize the effectiveness of their security stacks to defend against emerging, relevant attacks that are being carried out in the wild. The platform transforms fragmented best-of-breed solutions into best-of-suite security for customers by providing end-to-end visibility of defense capabilities mapped against MITRE ATT&CK. With this information, Nagomi helps security teams prioritize the most urgent risks based on an organization’s unique threat profile and provides prescriptive and actionable remediation plans to reduce threat exposure using existing tools.

“We have our sights set on solving one of the most pervasive problems in cybersecurity today,” said Emanuel Salmona, co-founder and CEO, Nagomi Security. “We’ve seen that over 80% of breaches occur at organizations that already had a tool in place to prevent it, and security teams are increasingly frustrated that they can’t be sure that the solutions they have deployed are protecting them against real threats. By mapping threats like ransomware, phishing, and other seen-in-the-wild campaigns and techniques, Nagomi shows security teams their level of protection and provides a plan of action to drive better defense.”

Formerly known as Vena Security and co-founded in January 2023 by Salmona, CTO Shai Mendel, and CPO Jonathan Meler, Nagomi has experienced unprecedented customer momentum. After the company was formed, Nagomi launched its flagship platform just six months later, and had its first Fortune 500 customer, channel deal, and crossed the $1 million ARR milestone while still in stealth mode. The company is already helping leading organizations like Applied Systems, HFW and WELL Health Technologies stay ahead of adversaries by delivering the relevant threat context needed to mitigate pressing risks with unmatched speed.

As part of today’s announcement, Nagomi has made additions to its leadership team. Nathan Burke joins the company as Chief Marketing Officer (CMO), following a 6-year tenure as CMO at CAASM pioneer Axonius, where he helped lead the company from pre-sales to $100M in ARR. Joseph Hoban joins Nagomi as Vice President of Sales, bringing decades of leadership experience in sales and channel roles, most recently at Axonius. In addition, Morgan Gerlak, Partner at TCV, is joining Nagomi’s board of directors, serving alongside Nagomi’s founders and Team 8 co-founders and Managing Partners, Liran Grinberg and Nadav Zafrir.

“Nagomi is leading the charge on proactive security,” said Morgan Gerlak, Partner, TCV. “Security teams are constantly deploying new tools and maintaining old ones. This leads to fragmentation and an internal battle to ensure tools are optimally configured against the ever-changing threat landscape. We believe Nagomi’s Proactive Defense Platform addresses this reality and can substantially improve how organizations close coverage gaps, map threats, and ultimately, protect themselves.”