Valence, a Tel Aviv-based security startup aimed at helping companies better protect what Valence calls business application mesh, announced today that it has a $ 7 million seed round under the direction of YL Ventures. This round also included Stonemill Ventures, the St. Louis Cyber ​​Interest Group (STLCIG), and a number of angel investors, including a group of prominent CISOs.

Founded by CEO Yoni Shohet (who also previously co-founded SCADAfence) and CTO Shlomi Matichin, Valence is helping companies better understand the connections between the many corporate SaaS and self-hosted applications they are now using. After all, a company often uses APIs, automation tools like Workato or Zapier, or SaaS marketplaces to get more value from their various tools. But at the same time this network, which Valence calls the “Business Application Mesh”, often grows without much governance and leaves the door open to a multitude of security problems, from shadow connectivity, …



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