Noetic Cyber, a cloud-based consistent cyber asset management and controls platform, announced that it has raised a total of $20 million in funding, including a new Series A round led by Energy Impact Partners, with current seed investors TenEleven Ventures and Glasswing Ventures participating. Given the current wave of high-profile breaches exploiting known vulnerabilities, Noetic Cyber’s solution provides security leaders with speedy time to value by leveraging automation to not only detect and highlight issues but also to fix them.
“Good cyber asset management is foundational to addressing the inherent friction between the IT and security teams, as it provides both parties with an accurate view of assets to defend, potential security gaps and priorities to address. Noetic is able to help to bridge the gap between the CISO and the IT organization, with an innovative approach to cyber asset management that provides immediate value,” said Chris Steffen, research director, information security, Enterprise Management Associates.
Noetic is not an agent-based solution; it doesn’t use API aggregation and correlation to derive insights from a variety of security and IT management solutions. Graph database technology is used by the firm to find and inventory the important entities existing in an organization’s environment, including cloud and on-premises systems, which sets it apart from others in the industry. Noetic creates a live map of those entities’ cyber links, showing cyber risk and non-compliant systems. Consistent enrichment and remediation are driven by built-in orchestration and automation, ensuring that systems are restored to their optimal state.
Niloofar Razi Howe, Senior Operating Partner, Energy Impact Partners said, “Noetic is a true market disruptor, offering an innovative way to fix the cyber asset visibility problem – a growing and persistent challenge in today’s threat landscape.”
The Noetic founders were important in the development of the security orchestration, automation, and response (SOAR) market, and they’ve applied what they’ve learned to cyber asset management to address one of the industry’s most pressing issues. The platform includes a powerful automation workflow engine that allows security teams to anticipate and respond to evolving IT and security requirements.
“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,” said Paul Ayers, CEO and co-founder, Noetic Cyber.
