RankedRight, the new platform which has been predicted to boost the efficiency of IT security teams across the world, has recently secured $500,000 in seed funding.
Created in the UK, RankedRight is a triage system that follows an IT security team’s pre-set rules to automate the time-consuming yet crucial process of ranking vulnerabilities in order of impact to the business. With teams reportedly wasting an average of 76% of their day remediating low priority risks, RankedRight enables them to divert their attention towards tackling the most critical issues and keeping companies safe.
Impressed that the founding team had identified a credible solution to the known gap in vulnerability management, investors were keen to be involved in RankedRight’s pursuit of an estimated £9.3bn market opportunity.
Commenting on the funding, RankedRight’s CEO, Thomas MacKenzie, remarked: “We have a solution to one of the biggest and fastest growing problems facing information security teams and this funding will ensure companies across the world can benefit from it.
“Identifying risk is no longer the problem; where organisations struggle is tackling their outstanding weaknesses. RankedRight simplifies the process, helping organisations of all sizes to fix their vulnerabilities faster and more efficiently.”
John Yeo, Lead Investor of the Seed Round, commented, “Cyber is an industry that has no shortage of solutions to edge-case problems. So it’s refreshing to see a credible founder team focussed on building an elegant and simple-to-use solution that solves one of the most widespread cyber security challenges affecting businesses.”
For more information on RankedRight and to register your interest in the platform, visit https://www.rankedright.com.