Dazz Secures $50 Million to Accelerate AI-Powered Cloud Security Remediation

Dazz, a leader in unified security remediation, announced the successful closing of a $50 million funding round. The round was co-led by Greylock with participation from Cyberstarts, Insight Partners, and Index Ventures. These investors have now brought Dazz's total funding to $110 million. The new funds will support the company’s mission to help security and engineering teams reduce exposure more efficiently using AI technologies.

Since its inception in 2021, Dazz has seen rapid growth, gaining customers like BHG Financial and Abnormal Security in various industries. The Dazz Unified Remediation Platform has identified 1.2 billion vulnerabilities and resolved close to 500 million issues, significantly reducing the chance of security incidents. From FY2023 to FY2024, Dazz achieved a 400 percent increase in annual recurring revenue (ARR).

The company's technology leverages AI, automation, and root-cause analysis to streamline vulnerability management. It provides comprehensive visibility across detection tools and environments, leading to time savings for customers in addressing security issues. With the latest investment, Dazz aims to deepen its footprint across the U.S., Europe, and Israel.

“In a world where security breaches occur frequently, AI-powered threats are a growing danger,” said Merav Bahat, Co-Founder and CEO of Dazz. “This new round of funding will accelerate our growth and innovation, helping us simplify cloud remediation and harness AI to prevent attacks.”