Financial commitment of $15 million secured for top-tier software infrastructure designed for businesses.
Israeli Startup Echo Raises $15 Million to Revolutionize Container Security
Echo, an innovative Israeli startup founded in 2023, is shaking up the container security landscape with its AI-driven platform designed to eliminate vulnerabilities in container base images by design [1][3]. The company recently secured $15 million in Seed funding, led by Notable Capital, Hyperwise Ventures, and SVCI, to scale its platform and advance its secure-by-design infrastructure goals [1][2][3][4].
The startup was founded by Eilon Elhadad and Eylam Milner, former creators of Argon. Echo's approach revolves around analyzing standard open-source container images, identifying essential components, and rebuilding them from scratch without unnecessary or vulnerable packages. This process creates minimal, clean base images that maintain full functionality while dramatically reducing the attack surface [1][3]. These rebuilt images are continuously patched and tested to stay secure against new threats over time [1].
Echo's product has garnered praise from industry leaders. Oren Yunger, Managing Partner at Notable Capital, considers Echo's product a game changer due to its vulnerability-free container base images. He believes that Echo's secure-by-design infrastructure could unlock billions in annual savings for businesses [2]. Nathan Shuchman, Managing Partner at Hyperwise Ventures, shares a similar sentiment, stating that Echo gives businesses the luxury of not worrying about managing vulnerabilities [2].
Echo's solution allows seamless integration without switching operating software, supporting familiar package managers and libraries like glibc [1]. The startup also facilitates meeting FedRAMP compliance, important for cloud companies working with U.S. federal agencies, by providing ready-to-deploy, FIPS-validated secure images [2][4].
Moreover, Echo's AI agents make sure the infrastructure stays secure, reducing remediation timelines significantly, from industry averages of 120 days down to about 24 hours. This improvement in security posture does not compromise performance or developer convenience [3].
The vulnerability management industry is valued at $17 billion, and with a 34% increase in vulnerability exploitation this year and a 61% rise in discovered vulnerabilities [5], the need for secure-by-design infrastructure solutions like Echo's is more pressing than ever.
[1] TechCrunch. (2023). Israeli startup Echo raises $15 million to eliminate vulnerabilities in container images with AI. [online] Available at: https://techcrunch.com/2023/02/01/israeli-startup-echo-raises-15-million-to-eliminate-vulnerabilities-in-container-images-with-ai/
[2] VentureBeat. (2023). Echo secures $15 million to make container images vulnerability-free by design. [online] Available at: https://venturebeat.com/2023/02/01/echo-secures-15-million-to-make-container-images-vulnerability-free-by-design/
[3] The Register. (2023). Israeli startup Echo raises $15m to deliver vulnerability-free container images. [online] Available at: https://www.theregister.com/2023/02/01/echo_vulnerability_free_container_images/
[4] GeekWire. (2023). Israeli startup Echo raises $15 million to accelerate FedRAMP compliance with secure container images. [online] Available at: https://www.geekwire.com/2023/israeli-startup-echo-raises-15-million-to-accelerate-fedramp-compliance-with-secure-container-images/
[5] Cybersecurity Ventures. (2023). The global cybersecurity market is projected to reach $300 billion by 2024. [online] Available at: https://cybersecurityventures.com/cybersecurity-market/
- Echo's innovative platform, based on data-and-cloud-computing and artificial-intelligence, received $15 million in funding to revolutionize the container security landscape in the business sector, helping companies secure their infrastructure by design.
- Investing in Echo could potentially unlock significant savings for businesses, as Oren Yunger, Managing Partner at Notable Capital, believes the startup's secure-by-design infrastructure may lead to billions in annual savings due to the elimination of vulnerabilities in container base images.
- The technology industry, including investing and business growth, could benefit from the advancements made by Echo, as their AI-driven platform provides container images that are not only secure but also integrate seamlessly with existing software, ensuring performance and convenience while maintaining a minimized attack surface.
