Serial entrepreneur and Claroty founder Benny Porat launches new company to address the critical cybersecurity talent gap by equipping security teams with digital cyber employees

Twine, a US and Israeli-based cybersecurity company, today announced $12M in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz. The initial capital will accelerate the development of Twine’s digital cyber employees who execute tasks from A to Z to help security teams close the industry’s critical talent gap. The company’s first digital employee, Alex, learns, understands and takes away the burden of identity management tasks - proactively completing the organization’s cyber objectives.

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In recent years, the cybersecurity sector has grown significantly to combat the increase in threats and attacks, driven by the adoption of cloud technologies, remote work, and AI tools. However, the industry is facing a severe talent deficit, with the World Economic Forum citing a shortage of nearly 4 million cybersecurity professionals. Furthermore, 78% of cybersecurity leaders acknowledge that their organizations lack the in-house skills needed to fully meet their cybersecurity objectives. This shortage heightens organizational exposure and forces CISOs to focus on firefighting instead of taking a proactive approach to risk management.

Twine’s platform equips cybersecurity teams with digital employees who work alongside cyber teams to complete their security objectives. The company’s founders recognized Identity Access Management (IAM) as a key pain point for IT and cyber departments, who face the threat of malicious actors gaining access to their systems. Twine’s Alex, the first-of-many digital cybersecurity employees, is trained to understand and take care of identity management tasks from start to finish, and help organizations maximize their performance.

The company was formed by cyber experts and longtime friends Benny Porat (CEO), Nadav Erez (Technology), Omri Green (Go-To-Market) and Justin Woody (Marketing). The four were previously core team members at multi-billion-dollar-valued cyber unicorn Claroty, where Porat was Co-Founder and CTO, leading it to a $100M+ annual recurring revenue (ARR), with more than a thousand customers globally.

Twine secured the sum from two US-based VCs - Dell Technologies Capital (led by Deepak Jeevankumar), and Ten Eleven Ventures (led by Mark Hatfield) - alongside private angel investors including the CEO and Co-Founder of Wiz, Assaf Rappaport as well as the company’s Co-Founder and VP R&D, Roy Reznik; the CEO and Co-Founder of Endor (who previously sold RedLock to Palo Alto Networks where he became SVP, Prisma Cloud), Varun Badhwar; and others.

Benny Porat, CEO and Co-Founder, Twine: “Our vision is to create AI digital cybersecurity employees that can grasp each organization's unique needs, and allow end-to-end cyber execution, starting with identity management. We believe that cybersecurity teams are looking for a solution that improves efficiency and strikes the right balance between human and machine collaboration.”

About Twine

Twine builds digital cybersecurity employees who execute tasks from A to Z to help cyber teams close the talent gap. The company’s first digital employee, Alex, learns, understands and takes away the burden of identity management tasks - proactively completing the organization’s cyber objectives. Twine was founded in 2024 by Benny Porat, Omri Green, Justin Woody and Nadav Erez, all former top managers at cyber unicorn Claroty, which was co-founded by Porat in 2015. Twine is backed by leading venture capital firms Dell Capital Technologies and Ten Eleven Ventures.

For more information, visit: www.twinesecurity.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120830422/en/

Media Contact
Nina Korfias
nkorfias@marketbridge.com
Marketbridge for Twine Security
6179223077

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