Twine Comes Out of Stealth with a $12M Seed Round
Key takeaways
- Twine emerged from stealth with a $12 million seed round led by Ten Eleven Ventures and Dell Technologies Capital.
- Alex, Twine’s first digital employee, is designed to handle identity and access management tasks.
- The World Economic Forum cites a shortage of nearly 4 million cybersecurity professionals, and 78% of security leaders say their organizations lack the in-house skills to meet their objectives.
- Angel investors include Assaf Rappaport and Roy Reznik of Wiz and Varun Badhwar, CEO of Endor.
- The founders previously worked together at Claroty and built Twine after speaking with hundreds of CISOs.
Twine Security emerged from stealth with a $12 million seed round to develop AI-powered digital employees for cybersecurity teams. The funding was led by Ten Eleven Ventures and Dell Technologies Capital.
The company introduced Alex, its first digital employee designed to handle Identity and Access Management (IAM) tasks. The cybersecurity industry faces a critical workforce shortage, with the World Economic Forum citing a shortage of nearly 4 million cybersecurity professionals. Additionally, 78% of cybersecurity leaders acknowledge that their organizations lack the in-house skills needed to fully meet their cybersecurity objectives.
See it in action.
Lead investors include Mark Hatfield (Founder and General Partner of Ten Eleven Ventures) and Deepak Jeevankumar (Managing Director of Dell Technologies Capital). Notable angel investors and industry leaders also participated, including Assaf Rappaport and Roy Reznik from Wiz, and Varun Badhwar, CEO of Endor (formerly of Palo Alto Networks).
Twine was founded by four entrepreneurs with over a decade of collaborative experience. The team previously worked at Claroty, a multi-billion-dollar cybersecurity company, and developed the platform after speaking with hundreds of CISOs about workforce challenges.
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