Cyber Club London

Apr 19, 2023

Mobb – a trusted automatic vulnerability fixer – announced it has raised $5.4 million in seed funding led by Angel Investor Ariel Maislos and joined by MizMaa Ventures, Cyber Club London, and additional investors from the US, EU, and Israel. And the company also launched a free community version that allows developers to try its automated vulnerability remediation technology. Mobb was founded by appsec veterans Eitan Worcel (CEO) and Jonathan Afek (CTO). Mobb enables organizations take control of securing applications with trusted and automated fixes that are informed and verified by the developers who own the source code. And organizations are able to act fast to significantly reduce the chances of being impacted by a security vulnerability exploit. CISOs can finally start reporting reductions in vulnerability backlogs, security teams can streamline processes and policies, and developers can quickly execute fixes with more trust and less friction. Industry data: 60% of data breaches are caused by the failure to apply vulnerability patches and nearly 70% of applications contain at least one vulnerability after 5 years in production. This is due to the vulnerability remediation process being broken. And most organizations rely on Static Application Security Testing (SAST) tools to uncover vulnerabilities and one scan can result in thousands of reported findings. This can be overwhelming considering that fixing a single vulnerability takes anywhere ranging from 30 minutes to several hours, costing organizations hundreds or thousands of dollars. Plus it is no surprise that over two-thirds of SAST reported findings remain open 3months after detection, and 50% remain open after 363 days. Mobb automates vulnerability remediations for significantly reducing security backlogs and free developers to focus on innovation. Users simply just upload SAST results and follow a few prompts to verify and commit the fixes. KEY QUOTES: “The application security market has been desperate for innovation that doesn’t just detect problems but fixes them. I invested in Mobb so its talented founding team could build technology that lifts the burden of vulnerability remediation and help organizations achieve secure innovation.” – Angel investor Ariel Maislos “I spent nearly two decades with the Denim Group helping clients build more secure applications. Over time, I saw clients make huge improvements in finding and cataloging vulnerabilities, but continue to struggle with fixing vulnerable code. I invested in Mobb so companies can finally adopt a scalable approach for securing their software applications.” – John B. Dickson “Mobb is taking vulnerability remediation to a completely new level by automating fixes. This is extremely powerful and unlocks remediation efficiency previously unseen. You are not only decreasing your time to fix significantly but also providing on-demand secure coding training through the fixes.” – Robert Kugler, head of security and compliance at Cresta “After decades of working in application security to help organizations detect security issues, Jonathan and I founded Mobb with the goal of helping organizations make those findings actionable. We are looking forward to bringing our technology to the world, and dedicated to our mission of helping organizations become more efficient and more secure.” – Mobb Co-founder and CEO Eitan Worcel “I try to help startups when I can, and a friend suggested I get on a call with Eitan. Eitan asked me for the most pressing problem in my job and I immediately started complaining about how there are so many security tools that produce more and more alerts, and it just makes my job so much harder. I then realized I had no idea what Mobb did yet and it could be another one of those tools. I was pleasantly surprised, and relieved, when Eitan explained how Mobb would help me fix problems instead of just alert me to them.” Ante Gulam, CISO, SVP Information Security at SumUp – who still remembers his first call with Eitan Trending on Pulse 2.0