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Venture Capital News: Gutsy Emerges From Stealth With $51M

2023-10-10
BATON ROUGE, LA, Gutsy has raised an exceptional $51 million in seed funding led by YL Ventures and Mayfield.
Today cybersecurity veterans and serial entrepreneurs Ben Bernstein (Co-founder and CEO), Dima Stopel (Co-founder and VP R&D), and John Morello (Co-founder and CTO) launch Gutsy, redefining the security governance market. Gutsy's founders were the founding team of Twistlock, the cloud-native security pioneer acquired by Palo Alto Networks in 2019, and have raised an exceptional $51M in seed funding led by YL Ventures and Mayfield.

Joining the funding round are prominent cybersecurity executives and founders including George Kurtz - CEO of CrowdStrike, Chenxi Wang - Managing Partner at Rain Capital, Mickey Boodaei - CEO of Transmit Security, Udi Mokady - Founder of CyberArk, Assaf Rappaport - CEO of Wiz, and others. Navin Chaddha, Managing Partner at Mayfield, and Yoav Leitersdorf, Managing Partner at YL Ventures, have both joined Gutsy's board of directors. Michael Cortez, Partner at YL Ventures, is a board observer.

Enterprises often invest millions of dollars into dozens of security tools but still struggle to get the outcomes they need. The problem isn't the tools - it's how they work together. For the first time, Gutsy applies process mining to security to give enterprises a continuous, automatic, data-driven understanding of how all these pieces work together as part of processes.
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