In the rapidly evolving landscape of enterprise technology, the ability to analyze data is crucial for businesses seeking to optimize operations. The complexity of modern tech stacks, which involve numerous interconnected tools, makes it essential for organizations to monitor data streams to identify potential failures before they occur.
Security teams, however, cannot afford to be reactive. As a metaphor suggests, a silent alarm cannot be trusted. With a plethora of tools in the security stack, even minor adjustments can lead to unpredictable consequences that may hinder detection and response capabilities.
Addressing this challenge, Fig Security, a startup founded by veterans from Israel's elite cyber units, has emerged from stealth mode, securing $38 million in seed and Series A funding. Their innovative platform aims to assist security teams in monitoring their security stack, ensuring that detection and response mechanisms remain effective amidst constant changes.
Fig's technology tracks data flows through various components of the security stack, from initial sources to data lakes and orchestration platforms. It alerts teams when any adjustments impact their detection capabilities. Additionally, the platform enables organizations to simulate the effects of proposed fixes or changes before they are implemented.
According to CEO and co-founder Gal Shafir, the focus is on the integrity of detections, which serve as a reliable indicator of system health. By back-tracing data lineage, Fig helps identify how upstream changes may disrupt security tools downstream, providing real-time alerts for inconsistencies.
To achieve this, Fig samples data as it traverses various tools within an organization's infrastructure, creating a comprehensive view of how changes affect security. This proactive approach empowers security teams to maintain robust defenses against evolving threats.
As organizations adapt to real-time changes, particularly with the integration of AI tools aimed at cost reduction and efficiency enhancement, the complexity of security management has increased. CISOs are often left questioning which defenses to prioritize amidst the influx of new technologies.
Shafir, who previously led global architecture for Google Cloud Security, recognized this uncertainty while engaging with clients about AI products. Many expressed skepticism about trusting AI-driven assessments without confidence in the underlying data.
This realization inspired Shafir and his co-founders, Nir Loya Dahan (CPO) and Roy Haimof (CTO), to create Fig as a solution to the challenges security teams face in understanding their operational landscape.
Since its inception eight months ago, Fig has attracted a growing number of enterprise clients and aims to expand its customer base significantly by year-end. The new funding will facilitate growth in North America and increase the company's workforce in engineering and market outreach.
Investors backing Fig include Team8 and Ten Eleven Ventures, alongside security industry leaders such as Doug Merritt (former CEO of Splunk) and Rene Bonvanie (former CMO of Palo Alto Networks).