Tuskira Emerges from Stealth with $28.5 Million Funding to Tackle Cybersecurity Tool Overload

Sophia Steele

Sophia Steele

December 04, 2024 · 4 min read
Tuskira Emerges from Stealth with $28.5 Million Funding to Tackle Cybersecurity Tool Overload

Cyberattacks are on the rise, and the victims are high-profile. According to a KPMG survey, close to half of companies with $1 billion or more in annual revenue recently suffered a security breach. Surprisingly, an overabundance of security tools may be contributing to the problem. In a separate poll, 43% of businesses said their teams were overwhelmed with alerts.

This is precisely the challenge that Tuskira, a San Francisco-based startup, aims to address. Founded by Piyush Sharma, Vipul Parmar, and Om Moolchandani, Tuskira is a platform designed to unify disparate security tools, providing a more comprehensive and efficient solution to cybersecurity threats. Sharma, an engineering director at Symantec, is well-acquainted with the challenges of cybersecurity tool overload, having led the development of several app control, endpoint security, and integration management products.

“Organizations struggle with tool fragmentation, where disparate security solutions operate in silos, making it difficult to achieve a unified defense strategy,” Sharma told TechCrunch. “Additionally, the sheer volume of vulnerabilities and alerts overwhelms security teams, leading to inefficient resource allocation and extended remediation times. These challenges are compounded by limited budgets and the need to meet stringent compliance requirements.”

Tuskira's platform looks for exploits and misconfigurations in a firm's security stack, providing analyses across code, cloud environments, apps, and infrastructure. The platform also "optimizes" security tools in addition to aggregating them, delivering ostensibly improved monitoring capabilities. By focusing on reducing attacker dwell time and strengthening defenses proactively, Tuskira offers a more comprehensive and efficient solution compared to competitors who often address threats in isolation.

Tuskira is Sharma, Parmar, and Moolchandani's second cybersecurity venture. In 2019, the trio founded cloud security startup Accurics, which Tenable acquired in 2021 for $160 million. This experience has likely informed their approach to tackling cybersecurity tool overload with Tuskira.

The company recently closed a $28.5 million funding round co-led by Intel Capital and SYN Ventures, with participation from Sorenson Capital, Rain Capital, and Wipro Ventures. This is an impressive feat considering the current state of cybersecurity funding, with investors pouring just $2.1 billion into cybersecurity startups in Q3, 51% less than they invested in Q2, per Crunchbase.

“Partnering with these investors brings strategic guidance and connections that help accelerate Tuskira as we emerge out of stealth,” Sharma said. “The funding will be used to advance Tuskira’s AI technology, expand integrations, and enhance customer onboarding processes. Tuskira is well-positioned to sustain any headwinds as we raise the capital.”

Tuskira's emergence from stealth mode and significant funding round come at a critical time for the cybersecurity industry. As cyberattacks continue to rise, enterprises are increasingly looking for solutions that can help them stay ahead of evolving threats. With its platform designed to unify disparate security tools and provide a more comprehensive defense strategy, Tuskira is well-positioned to capitalize on this growing demand.

In the broader context, Tuskira's success highlights the need for innovation in the cybersecurity space. As the threat landscape continues to evolve, startups like Tuskira are stepping in to fill the gaps left by traditional security solutions. With its focus on proactive defense and efficient resource allocation, Tuskira is poised to make a significant impact in the industry.

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