# Canonic Security Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canonic-security-technologies

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.canonic.security
- Total disclosed funding: $6M
- Latest round: Seed (Feb 9, 2022)
- Investors on record: 4

## About

Based in Tel Aviv, Israel, and founded in 2020 by CEO Boris Gorin and CTO Niv Steingarten. Canonic Security Technologies Ltd. is a software-as-a-service-based application security platform that controls and manages third-party applications and integrations. In February 2022, Canonic Security Inc. raised USD 6 million in seed funding led by new investor First Round Capital, with participation from Elron Ventures, Operator Partners, and SV Angel. As of February 2022, the company has a team of 30 employees.

Canonic Security Technologies Ltd. platform offers a cybersecurity product designed to protect software-as-a-service applications. The platform provides access to intelligence and vulnerability insight, automates security policy enforcement with notifications and security stack integrations, detects SaaS-native threats, and helps security teams respond quickly. Canonic automatically maps business applications' interconnectivity, uncovering harmful, vulnerable, or overprivileged apps and integrations to reduce the risks involved with third-party API access.

Canonic Security Technologies Ltd. will use the seed funding to accelerate the product's go-to-market and development initiatives, which are already in full force with over twenty deployments worldwide.

## Funding rounds

- Seed, Feb 9, 2022, $6M — First Round Capital, SV Angel, Operator Partners, Elron Ventures

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Operator Partners — Seed
- Elron Ventures (https://capitalatlas.ai/funds/elron-ventures) — Seed