Hive Pro, creator of Predictive Vulnerability Analytics (PVA) today announced that it has successfully raised $3 million in seed funding led by Simpra Holdings. According to the company, the investors foresees immense growth potential in Vulnerability Prioritization technology that is also featured at the peak in the Extended Detection & Response Interactive Hype Cycle, Gartner 2020.
Hive Pro interviewed over 300+ customers worldwide to identify the real challenge in vulnerability management and concluded that vulnerability fatigue, coupled with limited cybersecurity resources, demands a solution that is easy to use and contextual to the threat to their organizations. Hive Pro offers an advanced risk-based vulnerability analytics and orchestration. It is empowered with predictive and prescriptive analytics capabilities to predict threats and attacks based on vulnerabilities and exposure and prescribe remediation to mitigate/prevent the attacks before they actually happen.
The company has successfully rolled out its platform and has a growing customer base from various industry verticals including Banking, Finance, Telecom, Healthcare, and MSSPs among others. Hive Pro has managed to clock 100% quarter on quarter growth and is looking to gather more pace for rapid growth in coming months.
“We are excited with the positive traction for our platform, and now with several success stories, we are going ahead with full force to capture the market and emerge as one of the leading players in the vulnerability prioritization market,” said Anand Choudha, Founder & CEO of Hive Pro. “Encouraged by the success, we are getting ready for the next stage of funding and expecting to announce Series A round before the end of year, which will help us expand our footprint across Europe and Asia.”