""I think that third-party risk management was the neglected child of cybersecurity for a very long time," Eddie Dovzhik, Lema's co-founder and CEO, told Business Insider. "A problem of this magnitude deserves a solution that actually solves the problem.""
""We started the long and tedious ideation process," said Dovzhik. "We were looking for a major problem, something that had a huge impact on businesses that the current solutions were not addressing.""
"They landed on third-party risk management, an area they thought was traditionally overlooked as companies increasingly depend on thousands of external vendors, from cloud providers to SaaS tools to AI startups, many of which have deep access to sensitive systems and data."
"60% of companies now rely on over 1,000 external vendors, according to Gartner."
Lema is a cybersecurity startup founded in 2023 by former members of Israel's elite 8200 intelligence unit: Eddie Dovzhik, Omer Yehudai, and Tomer Roizman. Lema focuses on reducing the danger companies face when outside vendors gain access to their systems by tackling third-party risk management. The startup raised $24 million in a Series A funding round led by Tel Aviv-based Team8. Cybersecurity startups raised nearly $14 billion in 2025, a 47% increase from 2024. Sixty percent of companies rely on over 1,000 external vendors, and many breaches originate with third parties. The founders pursued a lengthy ideation process to target an underserved, high-impact problem.
Read at Business Insider
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