Gutsy Launches With Huge $51 Million Seed Round to Bring Process Mining Capabilities to Security Solutions

In 2015, Twistlock was founded with a bold vision – securing the nascent cloud native computing environment. At the time, this notion seemed ahead of its time. However, when Palo Alto Networks acquired the company in 2019 for $410 million, it marked only the beginning of an exciting new chapter. The founding team, consisting of CEO Ben Bernstein, VP of R&D Dima Stopel, and CTO John Morello, reassembled a year ago to create Gutsy, a revolutionary security platform that applies process mining to cybersecurity.

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The Birth of Gutsy

Gutsy emerged from stealth with an impressive $51 million seed round led by YL Ventures and Mayfield. This investment will enable the company to further develop its groundbreaking approach to security. Morello explains that traditional security methods have focused on detection and settings, which are often reactive rather than proactive. He argues that understanding how interconnected systems operate is crucial in resolving incidents.

The Power of Process Mining

According to Morello, process mining is a data science technique used by companies like Celonis to visualize connections between systems. Gutsy applies this concept to cybersecurity for the first time. This approach enables users to identify areas where processes are breaking down and take corrective action to enhance security.

The Vision Behind Gutsy

Morello compares Gutsy’s offering to a high-resolution Google map that provides a detailed, process-centric view of an organization’s operations. Users can analyze data and pinpoint the factors hindering their ability to meet specific security objectives.

"We give you as a customer, as a user, really kind of like a high-resolution Google map of all the different variations of the process that are occurring with the ability for you to go in there and analyze the data and really try to identify the things that have the biggest impact on why you are not meeting a security objective that you want to, or not meeting it as reliably as you want to," he explains.

Stealth Mode

The company has been working with design partners to refine its concept and is now ready to expand its reach. Morello acknowledges that Gutsy’s unique approach may attract copycats in the future. However, by being first-to-market and prioritizing customer needs, he believes the company can establish a strong position.

Growth and Diversity

With 24 employees, Bernstein feels the company is at an ideal size for now, allowing it to better understand the market’s response to its innovative approach. Gutsy has adopted a strategy to foster diversity by not concentrating in the Bay Area. Instead, teams are spread across various locations, including Baton Rouge and Portland.

"We’re not just looking for people who are tech-savvy; we want individuals with diverse backgrounds and experiences," Bernstein emphasizes.

The Future of Security

Gutsy’s application of process mining to cybersecurity holds tremendous potential for revolutionizing the industry. As organizations continue to grapple with the complexities of cloud computing, a proactive approach that identifies and addresses vulnerabilities is more crucial than ever.

With its impressive seed round and commitment to diversity, Gutsy is poised to make a significant impact in the security landscape. By applying process mining to cybersecurity, this innovative company may just change the way we think about security forever.

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