Scribe Security Closes on $7 Million Seed Round

 

Created by IDF cyber-warfare veterans, Scribe Security has closed on a $7 million seed round led by Elron Ventures with the participation of Tal Ventures, YYM Ventures, and more.

Based in Israel, Scribe Security is on a mission to provide a SaaS platform for securing software across supply chains. Today, software is a point of vulnerability as spyware, ransomware, and other hacks aim to attack key services.

Scribe states that its platform is tailored for the modern software development process. Scribe is designed to enable organizations to develop, distribute, and maintain, code produced within the organization, while also verifying code components’ integrity, provenance, authenticity, and reputation. The goal is to provide visibility and assurance of the entire software development life cycle from early design stages to final deployment.

Scribe co-founder & CEO, Rubi Arbel stated:

“Cyberattacks on the software supply chain may be carried out by dependency manipulation, a third-party software component, or during the code-delivery process. Software supply chains have become an attractive attack vector for a wide range of threat actors. Experts predict that almost half of all organizations globally are likely to suffer from such attack consequences by 2025.”

Scribe was founded in 2021 by cyber and cryptography experts Arbel, CTO Daniel Nebenzahl, and VP R&D Guy Chernobrov.

According to the company, Arbel is a cyber expert, served as a senior commander in 8200, and was the former VP Aviation at Argus Cyber Security. Chernobrov previously served as Chief Security Architect for Matzov – IDF’s defensive cyber center, led innovative cyber development projects, and was the IDF’s Liaison Officer to CERDEC, US Army. Nebenzahl Led the Matzov research division for 11 years, where he was responsible for the development of innovative cyber and cryptography technologies and played a major role in strategic national cyber initiatives.

“We believe that the threat to the organization’s software supply chain is steadily increasing,” said Zohar Rozenberg, Venture Partner at Elron Ventures. “While a growing percentage of the code is being developed outside the organization, the attack surface is highly complex. With no single entity that had visibility and the ability to secure the code end to end, this is a super complicated issue.  We believe that Scribe is serving a market with huge potential and has the right team to take on this complex task.”

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