Novee has emerged from stealth mode with a remarkable funding achievement of $51.5 million within just four months of its establishment. This funding round was spearheaded by YL Ventures, Canaan Partners, and Oren Zeev from Zeev Ventures, marking a significant milestone in the cybersecurity domain.
The company aims to address the escalating risks posed by AI-driven cyberattacks through its innovative AI pentesting platform. This solution replicates the strategies employed by actual hackers to identify vulnerabilities and provides customized remediation strategies to enhance organizational security. Ido Geffen, co-founder and CEO, underscored the urgency for security teams to access timely and actionable insights to safeguard against rapidly evolving threats.
Novee's platform distinguishes itself by enabling continuous penetration testing, thus moving away from traditional methods that often leave gaps due to their episodic nature. The proprietary AI model utilized by Novee is specifically designed for offensive security, showing a performance edge by exceeding leading large language models by over 55% in web exploitation tasks, achieving around 90% accuracy compared to the typical 65% of general models.