Danish Coana secures $1.6M pre-seed funding to transform open source vulnerability management through advanced program analysis

Jan 25, 2024•almost 2 years ago

Amount Raised

$1.6 Million

Round Type

seed

AarhusSoftware Development

Investors

Essence VcSequoia Capital

Description

Coana, a startup stemming from Aarhus University, has secured $1.6 million in pre-seed funding, led by Sequoia Capital with additional support from Essence VC and industry experts. The funding will propel the advancement of their unique methodology, particularly in expanding reachability analysis, solidifying Coana’s position as a transformative force in the vulnerability management landscape.

Company Information

Company

Coana

Location

Aarhus, Central Denmark Region, Denmark

About

Imagine a scenario where up to 95% of security alerts you receive are irrelevant. That's the unfortunate standard with traditional open source vulnerability scanners, known as SCA tools. Coana is here to change this. Developed by top academic researchers from a leading research group in Denmark, Coana's advanced reachability analysis filters out irrelevant alerts. This allows engineering teams to focus only on vulnerabilities that are actually relevant, significantly reducing the vulnerability management workload without compromising security standards.

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