Nullify, a cybersecurity startup that uses artificial intelligence (AI) to help software developers and security teams find and fix potential vulnerabilities as they code, raises $1.1 million in pre-seed round led by OIF Ventures. procured.
Former XM Cyber founding team members Adi Ashkenazy and Zini Shahar now run security advisory firm Skylight Cyber and back Nullify alongside Blacknova Ventures and Cyrise.
Initial funding will be used to expand Nullify, a cybersecurity bot that analyzes code in existing workflows to identify and fix issues.that’s not all Continuously detect, correlate and remediate security issues across enterprise supply chains, codebases and cloud environments.
Nullify is already in use by several domestic and international companies, and is expected to go public this week.
Co-founders Shantanu Kulkarni, Tim Tucker and Tony Mao met while studying computer science and software engineering at the University of New South Wales.
Nullify CEO Kulkarni said they then moved into cloud security roles at finance, insurance and technology companies and saw ongoing challenges around building secure software without slowing down development. said.
He then developed the industry engagement course COMP9447 with Thacker.is a collaboration with UNSW Computer Science and Engineering and Amazon Web Services (AWS) Here, students are guided by an AWS Security Engineer/Solution Architect to build a cloud security project.
They founded Nullify last December with Mao.
“Today’s developers are pushing code twice as fast, so security teams struggle to protect software at the pace it is being built. It’s built to give organizations ownership of the security of the software developers build,” said Kulkarni.
“By leveraging both open-source tools and generative AI, Nullify can detect, prioritize, and remediate security vulnerabilities for developers, saving hours each week on security efforts and reducing the time it takes to build software. I can spend more time on.”
He is currently looking to expand his product suite with new technologies to meet the needs of the rapidly evolving cybersecurity market.
OIF’s Andrew Yeo said the coding cybersecurity startup First Australian company to join the arms race for AI development tools.
“Nullify’s core value is that it helps companies distribute security ownership between software development and security teams without sacrificing development velocity,” he said.
“The OIF is thrilled to support Shan, Tim and Tony in realizing their vision of becoming AI security autopilots for all developer and security teams amidst the global proliferation of software, AI and vulnerabilities. increase.”
Adi Ashkenazy of Skylight Cyber said that incorporating security testing into the engineering process is costly and time consuming, often at the expense of agility. Nullify provides a way for developer teams to instantly own security at scale in a smooth, integrated, low-touch way. ”
Kulkarni said following Nullify’s widespread release,Participating in a US seed round to expand globally “to show that we can build a world-class cybersecurity and AI company from here in Australia.”