PRESS RELEASE. December 12, 2023 - Xeol, the New York City-based cybersecurity company, announced today that it raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating.
Cyber attacks against private enterprises' software supply chains multiplied sevenfold over the past 3 years.
Software supply chains must be secured just as industrial supply chains are secured from components to assembly to delivery.
This is becoming even more pressing as open source software use and attack surfaces widen.
Xeol's focus is to secure software throughout its lifecycle beginning at the code repository all the way through delivery to customers.
The team starts by managing enterprises' end-of-life software whose publishers no longer provide security patches.
Attackers typically gain access to vulnerable systems by phishing, then exploiting unpatched software.
PCI 4.0, a security standard for handling payment card data, will mandate that companies have a program to manage end-of-life software, highlighting the growing threat surface.
Since launching the company four months ago, Xeol has already signed its first Fortune 500 customer.
This Cyber News was published on www.darkreading.com. Publication date: Fri, 15 Dec 2023 20:00:33 +0000