Strike Security, a continuous penetration testing platform that combines automation and ethical hacking to make bug hunting more accessible to small enterprises, recently announced that it has received a $5.4 million seed funding. Greyhound Capital led the round, and other participants were VentureFriends, NXTP, FJ Labs, Canary, Magma Partners, Orok Ventures, and Latitud as well as several individual investors.
About Strike Security
Strike is a ground-breaking cybersecurity product that defies the rules of an antiquated market. Endless Security, the company’s disruptive toolset, is assisting the most innovative firms in continually achieving world-class cybersecurity. The firm currently has several clients ranging from equally early-stage companies to Latin America’s top fintechs.
Santiago Rosenblatt, founder, and CEO of Strike, has already racked up two decades of cybersecurity experience. “I started hacking when I was six-and-a-half,” he tells TechCrunch. Rosenblatt moved from fiddling with streaming services to defending some of the top Latin American firms, including AstroPay and PedidosYa, by the age of 15, an experience that inspired him to launch Strike in 2021.
“I thought, ‘how is it possible I’m spending tens of thousands of dollars to defend this company when I was hacking in my bedroom when I was eight years old?’,” he added.
Strike’s method of penetration testing is unique in that it integrates automation with ethical hackers, or “Strikers,” allowing the company to provide organizations with continuous vulnerability monitoring at a cost that is ten times lower than most of its competitors. The platform connects with management and communication systems like Jira and Slack to allow Strikers – established ethical hackers – to be closely incorporated with the organization’s developer teams. It also offers automatic compliance reporting and automated scans periodically.
“Traditionally, penetration testing is done at most one or two times a year because it is extremely expensive and time-consuming,” he said. “In the current context, where the use of digital tools has increased in all areas of our lives, security needs require a different approach, so we created a solution that allows this type of testing to be carried out consistently. Thanks to it, companies can now detect and resolve critical vulnerabilities at a much lower cost and in less time,” said Santiago Rosenblatt.
The company’s primary goal is to change and increase accessibility to the cybersecurity business, where penetration testing can be expensive and thus uncommon.