Expat Australian AI startup Nullify has raised US$12.5 million (A$17.8m) in a second Seed round.<\/p>\n
The now San Francisco-based AI software vulnerabilities platform previously landed a US$3.41m (A$5.2m) Seed round in March 2024<\/a> and a A$1.1m in pre-Seed <\/a>funding\u00a0in mid 2023, led by OIF Ventures, taking the total raised to more than A$24m.<\/p>\n Founded in Sydney in 2022\u00a0by Tim Thacker and Shantanu Kulkarni (Tony Mao left the business in late 2024), Nullify relocated to California following the 2024 round, and maintains a Sydney office.<\/p>\n The latest Seed round was led by Florida cybersecurity-focused VC SYN Ventures, supported by existing investor Black Nova. SYN operating partner, Glenn Chisholm, a cofounder of Obsidian and CISO at Telstra, has joined Nullify\u2019s board.\u00a0<\/p>\n Nullify\u2019s AI agents replace the manual work of finding, validating and fixing software vulnerabilities. It ingests code, cloud configurations and business context to autonomously identify real risks, generate exploits and ship fixes that are ready to merge into software code. <\/p>\n \tGet the best of Startup Daily straight to your inbox<\/p>\n \n Want to know the latest in startup news? Subscribe to our daily news and analysis coverage on what\u2019s happening to ANZ startups, investors and the broader ecosystem. And best of all, it’s FREE! <\/p>\n By continuing, you agree to our\u00a0Terms & Conditions<\/a>\u00a0and\u00a0Privacy Policy<\/a>.<\/p>\n The startup says its AI agents have saved customers more than 48,00 hours of manual work, has auto-resolved more than 450 vulnerabilities and has a close to 90% average merge-ready rate for vulnerability fix pull requests.<\/p>\n The new funds will scale Nullify\u2019s go-to-market operations, targeting mid-sized enterprises and high-growth SaaS companies globally, expand the engineering and research teams, and its global ambitions.<\/p>\n AI battle<\/p>\n Kulkarni, the CEO, said companies using legacy dashboards, scanners, and ticket routing against the greater speed and sophistication of AI-enabled attackers are losing the fight losing game.<\/p>\n \u201cWhether organisations have a mature program or zero product security headcount, Nullify AI employees replace tool sprawl and the human hours it consumes, so defenders can finally outpace the offense,\u201d he said.<\/p>\n \u201cWe now have the capital and the operating partnership to scale this model to the teams most constrained by talent shortages and legacy tool complexity.\u201d<\/p>\n SYN\u2019s Glenn Chisholm said the security labor gap is the defining challenge for defenders today. <\/p>\n \u201cNullify\u2019s first-of-its-kind AI workforce doesn\u2019t just summarise alerts. It autonomously makes decisions and takes action, delivering outcomes that once required entire teams,\u201d he said.<\/p>\n Nullify\u2019s investors also include Two Sigma, Root Ventures and OIF.<\/p>\n","protected":false},"excerpt":{"rendered":"Expat Australian AI startup Nullify has raised US$12.5 million (A$17.8m) in a second Seed round. The now San…\n","protected":false},"author":2,"featured_media":468187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,239289,44,239290,239291,31974,105],"class_list":{"0":"post-468186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-capital-raising","14":"tag-news","15":"tag-nullify","16":"tag-seed-round","17":"tag-software-engineering","18":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/468186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=468186"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/468186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/468187"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=468186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=468186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=468186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}