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XSPS Next Generation Posture Management - App and Cloud Security11-50 Employees
  • Early Stage
    Startup in initial stages
Website
Locations
Company size
11-50 people
Total raised
$733K
Company type
Startup
Markets
TechnologyWeb DevelopmentCyber SecuritySoftware Engineering
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Appsec Phoenix careers

XSPS Next Generation Posture Management - App and Cloud Security
Why security Phoenix 
Organisations get breaches daily; with 43% of breaches caused by software security vulnerabilities causing 3.92M per breach and organisations taking up to 279 days to fix them (data from garner and Verizon studies). I’ve created security phoenix to address this gap by reducing vulnerability fix time from 9 months to 2 weeks from early adopters/PoC. 
Security phoenix also helps organisations using the broader workforce in the battle against software security vulnerabilities addressing the talent gap of 2 million cybersecurity vacancies causing breaches according to 71% of organisations interviewed by Gartner and Verizon. 

The problem we are solving
* Application security is a complex problem, misunderstood, and remains in the technology domain. 
* The organization's decision markers seek a solution that provides a risk-based overview for applications and there are too many tools/dashboards to look at.
* ROI for the development team on security vulnerabilities is low. The development teams in enterprise organizations are spending a lot of time fixing bugs and not focusing on security vulnerabilities.
* Applications get breached fast and 43% of the breaches are caused by application security vulnerabilities 

How are we solving it
* Security Phoenix provides a centralized risk-based overview with aggregation of vulnerabilities, prioritization based on AI/ML and external threats 
* Security Phoenix provides statistics and suggestion on what to fix first and which vulnerability is resolved the most for a specific industry
* Security phoenix aims to target individual issues per team and for this will integrate a view of the major categories of issues for each team and a link to training and tutorials.
* Security Phoenix contextualize and risk scores the vulnerabilities based on scanners and external threat feeds
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Founder @Appsec Phoenix • Worked at @Cisco, @Microsoft • Investor @Technet, @Procord
Valuation

$24.4M

Funded over

3 rounds

Latest round

Seed (Feb 2022)

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