Process mining is a technique that uses event log data across IT, security, and operations systems to identify and improve process performance levels. Gutsy's platform integrates with many tools, including cloud providers, HR systems, vulnerability management tools, ticketing systems, and endpoint detection and response platforms. The startup's approach combines process mining with board members' concerns about risk management, security governance, and cyber insurance. Gutsy aims to provide security leaders with insights into their processes and help organizations identify and eliminate redundant and low ROI tools.
Key takeaways:
- Cybersecurity startup Gutsy has emerged from stealth with one of the largest-ever seed rounds in the sector, raising $51 million.
- Gutsy aims to revolutionize security governance through process mining, a technique that has been successful in solving complex problems in enterprise resource planning and supply chain management.
- The process mining market is projected to reach $8.4 billion by 2032, up from $1.2 billion in 2022, achieving a compound annual growth rate of 21.5%.
- Gutsy's platform integrates with many tools and provides IT and security teams with the ability to create, improve, and optimize process mining and security governance across a broad spectrum of apps, tools, and systems.