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Bit Discovery, the inventory system for companies to monitor their internet-accessible tech, has banked $4 million. The inventory system has earned this amount for funding to compete in the crowded attack surface management space. Bill Discovery has gained $6.6 million for creating and selling an attack surface management device. The tool is built to assist in security programs and to detect and manage internet-connected assets.
Attack surface management is built with the idea to tackle the gaps that are in point-in-time penetration testing and vulnerability management. It comes under the new product category and is considered a severely competitive category having several startups for market share. There are some names included in the well-funded list of attack surface management, such as CyCognito, Bishop Fox, Randori, and Intrigue.
The leader of the Series B funding was Mighty Capital and Aligned Partners, the returned investor. It also includes the previous security chief of Facebook, Alex Stamos, and Black Hat.
The CEO of Bit Discovery and cybersecurity creator, Jeremiah Grossman was also the co-founder of White Hat Security in the past. He explained that the technological side of his company is necessary for vulnerability management as they discover unknown risks and IoT device identification. Grossman also said that the company does not want more firms to get breached only because they don’t know what they own.
The product of Bit Discovery automates the scanning process of assets connected with the internet frequently which also flags security issues and notifies the security team immediately.
