Expat Australian AI startup Nullify has raised US$12.5 million (A$17.8m) in a second Seed spherical.
The now San Francisco-based AI software program vulnerabilities platform previously landed a US$3.41m (A$5.2m) Seed round in March 2024 and a A$1.1m in pre-Seed funding in mid 2023, led by OIF Ventures, taking the full raised to greater than A$24m.
Based in Sydney in 2022 by Tim Thacker, Shantanu Kulkarni and Tony Mao, the enterprise relocated to California following the 2024 spherical, and maintains a Sydney workplace.
The most recent Seed spherical was led by Florida cybersecurity-focused VC SYN Ventures, supported by present investor Black Nova. SYN working companion, Glenn Chisholm, a cofounder of Obsidian and CISO at Telstra, has joined Nullify’s board.
Nullify’s AI brokers change the guide work of discovering, validating and fixing software program vulnerabilities. It ingests code, cloud configurations and enterprise context to autonomously establish actual dangers, generate exploits and ship fixes which can be able to merge into software program code.
The startup says its AI brokers have saved prospects greater than 48,00 hours of guide work, has auto-resolved greater than 450 vulnerabilities and has a near 90% common merge-ready price for vulnerability repair pull requests.
The brand new funds will scale Nullify’s go-to-market operations, concentrating on mid-sized enterprises and high-growth SaaS firms globally, increase the engineering and analysis groups, and its international ambitions.
AI battle
Kulkarni, the CEO, mentioned firms utilizing legacy dashboards, scanners, and ticket routing in opposition to the better velocity and class of AI-enabled attackers are dropping the battle dropping recreation.
“Whether or not organisations have a mature program or zero product safety headcount, Nullify AI workers change device sprawl and the human hours it consumes, so defenders can lastly outpace the offense,” he mentioned.
“We now have the capital and the working partnership to scale this mannequin to the groups most constrained by expertise shortages and legacy device complexity.”
SYN’s Glenn Chisholm mentioned the safety labor hole is the defining problem for defenders right now.
“Nullify’s first-of-its-kind AI workforce doesn’t simply summarise alerts. It autonomously makes choices and takes motion, delivering outcomes that after required complete groups,” he mentioned.
Nullify’s buyers additionally embrace Two Sigma, Root Ventures and OIF.
