Cybersecurity company Twine, based in the US and Israel, has raised $12 million in seed funding to accelerate the development of its innovative digital “cyber employees.” The funding round was co-led by Ten Eleven Ventures and Dell Technologies Capital, with additional backing from angel investors, including the founders of cybersecurity company Wiz.
Twine’s platform aims to address the growing talent shortage in the cybersecurity industry, where a lack of skilled professionals is significantly impacting organisations’ ability to manage and mitigate risks. The company’s first digital employee, Alex, is designed to assist cybersecurity teams by taking on the demanding and repetitive tasks of identity and access management (IAM), allowing security teams to focus on higher-level strategic work.
As the cybersecurity sector expands due to increased cyber threats, the adoption of cloud technologies, and the rise of remote work, the industry faces an alarming talent gap. According to the World Economic Forum, nearly 4 million cybersecurity professionals are needed worldwide. Additionally, a survey by the Forum found that 78% of cybersecurity leaders admitted their organisations lack the necessary in-house skills to meet their security objectives. This shortage is forcing Chief Information Security Officers (CISOs) to spend more time managing crises rather than taking proactive steps to address risks.
Twine’s digital employees are designed to fill this gap by working alongside human teams to complete cybersecurity tasks, particularly in IAM, an area that is critical to preventing cyber breaches. The company’s first digital employee, Alex, learns and adapts to the specific needs of an organisation, automating the identity management process from start to finish, and enhancing overall cyber performance.
The company was founded by a team of cybersecurity experts, including Benny Porat (CEO), Nadav Erez (Technology), Omri Green (Go-To-Market), and Justin Woody (Marketing), who previously worked at Claroty, a multi-billion-dollar cybersecurity firm. Porat, who served as Claroty’s Co-Founder and CTO, played a key role in scaling the company to over $100 million in annual recurring revenue and a customer base of more than 1,000 globally.
The $12 million seed funding round was led by Dell Technologies Capital, with participation from Ten Eleven Ventures and a group of prominent angel investors, including Assaf Rappaport and Roy Reznik, the co-founders of Wiz, Varun Badhwar, CEO and Co-Founder of Endor, and others.
Benny Porat, Twine’s CEO, explained: “Our vision is to create AI-powered digital cybersecurity employees that can grasp each organisation’s unique needs and execute tasks from start to finish. We aim to improve efficiency in cybersecurity teams by striking the right balance between human and machine collaboration.”
With the funding in place, Twine is set to continue developing its platform, with the aim of scaling its solutions to address other critical areas of cybersecurity beyond identity management. The company’s founders are confident that digital employees will play a key role in solving the industry’s talent deficit, enabling organisations to enhance their cybersecurity posture without relying solely on a dwindling pool of skilled professionals.
For more information about Twine and its innovative cybersecurity solutions, visit the company’s website.
