# Plerion Pty.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plerion-pty

- Industry: IT Security/Cybersecurity
- Headquarters: Sydney, Australia
- Website: www.plerion.com
- Total disclosed funding: $15M
- Latest round: Seed (Jun 29, 2023)
- Investors on record: 5

## About

Based in Sydney, Australia, and founded in 2021 by co-founders Mike Rahmati, Pierre Liddle, and Paul Garner, Plerion Pty. Ltd. offers a platform-as-a-service where users can detect, monitor, and mitigate cyber security or internet security risks. In July 2023, Plerion Pty. Ltd. raised USD 10 million in seed funding led by investor Prosus, with participation from other investors Atlassian Ventures and Cercano Management.

Plerion Pty. Ltd. offers a wide range of cyber security solutions, including CNAPP, which enables clients to gain complete visibility and control over their cloud-native applications. The platform employs an agentless, context-aware, threat-led, and risk-driven approach to identify misconfigurations and security issues within cloud environments, allowing organizations to focus on addressing critical risks. Automated Attack Path Analysis (APA) further enhances the platform's capabilities by providing valuable insights into potential attack vectors; Cloud Security Posture Management (CSPM) helps clients identify and address cloud misconfigurations across major cloud services providers like AWS, Azure, and GCP, along with remediation workflows and continuous assessment of compliance posture using built-in or customizable compliance frameworks; and Cloud Workload Protection Platform (CWPP) uncovers and addresses vulnerabilities in critical workloads. The platform's enriched and contextualised data includes information about vulnerabilities, linked exploits, sensitive data exposure, and software bill of materials (SBOM), contributing to a significant reduction in mean time to detect (MTTD) and mean time to respond or resolve (MTTR). Cloud Infrastructure Entitlement Management (CIEM) offers comprehensive visibility into an organization's top identity risks across various cloud platforms. It provides actionable insights to operate within a least privilege model, helping organizations answer crucial questions and more.

The company plans to use the July 2023 funding to accelerate product development, hire talent, and implement go-to-market strategies.

## Funding rounds

- Seed, Jun 29, 2023, $15M — Prosus Ventures, Atlassian Ventures, Cercano Management, Perpetual Corporate Trust Limited, Cyrise Accelerator Pty Ltd

## Investors

- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Seed
- Atlassian Ventures (https://capitalatlas.ai/funds/atlassian-ventures) — Seed
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Seed
- Perpetual Corporate Trust Limited — Seed
- Cyrise Accelerator Pty Ltd — Seed