Israeli startup QIZ Security just closed a $17 million seed round for its cryptographic posture management platform.
Bessemer Venture Partners and Merlin Ventures led the round, with Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital chipping in. The money will go toward growing the company and building out the platform.
So what does QIZ actually do? It helps organizations keep track of their encryption across on-prem, cloud, and hybrid setups. The platform continuously discovers cryptographic assets, maps how they connect to apps and business systems, and flags problems — outdated protocols, weak cipher suites, encryption gaps for data in transit or at rest.
It doesn’t use agents or network probes. Everything runs through APIs. The system ranks weaknesses by severity and business impact, then spits out a prioritized fix list. The goal is to get CISOs, compliance folks, and app owners on the same page.
Founders Ben Volkow, Lenny Ridel, and Itan Barmes are also positioning this as a play for the post-quantum cryptography market. “Enterprises cannot migrate what they cannot see,” Volkow said. “QIZ gives organizations the continuous control layer they need to understand, govern, and modernize cryptography before Q-Day arrives.”
