Strike, a cybersecurity company, closed a $13.5 million dollar Series A led by FinTech Collective, which included participation from Galicia Ventures and backing from existing investors such as Greyhound Capital, FJ Labs, Canary and Carao. In total, Strike has raised $19.3 million.
The startup, founded in 2022 in Uruguay, specializes in continuous pentesting, a method that simulates a computer attack on a system, network or application to avoid vulnerabilities. Strike currently has offices in Uruguay, Argentina, Brazil and the United States and its clients include Hitachi Vantara, Farmacias del Ahorro, Telefónica, Santander and Clip.
Santiago Rosenblatt, CEO and founder of Strike, told Contxto that since its launch in 2022, the startup has tripled its growth and plans to maintain that growth rate this year.
The newly raised capital will serve to fuel its growth and accelerate the development of its products, especially an AI-driven, automated security testing engine, from discovery to vulnerability remediation.
Automating cybersecurity
Strike aims to automate 50% of the pentesting process by the end of 2025, to get security teams to identify and fix vulnerabilities faster and more efficiently.
“Companies are investing millions in security, but attackers are still finding vulnerabilities before they can react (…). Our AI-powered platform will take vulnerability detection and remediation to an unprecedented level,” commented Rosenblatt.
Strike seeks to change the traditional pentesting process that is often slow, costly and reactive, as reports can take months to be delivered, leaving companies exposed.
The startup has a team that combines world-class ethical hackers with AI-based automation to detect, challenge and fix security breaches before attackers can exploit them.
With the invested capital Strike also wants to continue its accelerated growth in Mexico, a country where it has consolidated a robust local team and where it is looking to expand its operations to meet the growing demand for automated security testing.
Rosenblatt shared that the goal in 2025 is to surpass eight figures in annual recurring revenue, automate pentesting at scale and consolidate Strike as the market leader in continuous AI-driven security testing.
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