Recently, Cymulate, a leading cyber security company, has been raising a lot of attention in the industry as it has successfully raised $45M in Series B Funding. This funding round was led by a strategic private equity firm, making it the largest ever Series B financing round for a cybersecurity startup in Israel.
Cymulate’s unique approach to using simulated attack scenarios has become increasingly popular in the fight against cyber security threats. This article will discuss why Cymulate is gaining so much attention in the industry and why the company is well-positioned to succeed.
What is Cymulate?
Cymulate is an emerging cybersecurity firm offering advanced threat protection services. It provides a cloud-based security platform that analyses, identifies and remediates cyber threats. Cymulate operates on a simple yet effective threat monitoring approach that assists organisations in understanding the security posture of their environment.
The powerful platform scans for threats and vulnerabilities in real-time to detect any malicious activity that can put the organisation at risk. Cymulate’s unique automated attack simulation technology advances beyond traditional static approaches employed by many others to offer users a more comprehensive coverage of their IT assets and networks.
It’s automated attack simulations provide an enterprise with prevention capabilities, allowing them to discover and alter vulnerable spots even before cybercriminals or attackers can detect them. Furthermore, Cymulate’s assurance reporting gives organisations unparalleled visibility into their security posture from multiple perspectives, giving them better control over managing risk levels appropriately.
These core capabilities make Cymulate one of the leading DevSecOps solution providers today and explain why top industry players across various sectors are increasingly embracing its services.
Overview of Cymulate’s features
Cymulate is an innovative cybersecurity platform developed to provide companies with advanced protection from a wide range of security threats. It offers a comprehensive suite of features that can be used by any organisation, regardless of size or technical sophistication.
Cymulate’s platform provides an AI-driven vulnerability management system, threat detection and response capabilities, and real-time reporting and alerting. This system allows organisations to detect emerging threats, proactively protect against them, and to take rapid corrective action when necessary.
The most significant feature on offer is Cymulate’s automated threat assessment engine. This artificial intelligence (AI) engine quickly identifies high-priority vulnerabilities so that organisations can respond effectively with tailored security measures and monitoring in place. In addition, the automation offered by the engine helps speed up response times while providing sophisticated coverage across all potential attack vectors.
Cymulate also provides additional features such as:
- malware scanning
- access control management
- firewall analyzer tools
- identity recovery options for lost credentials.
All these features are seamlessly integrated into Cymulate’s unified dashboard for easy access across multiple organisational departments. In addition, businesses can dive deeper into their security landscape with custom reports generated by the platform offering detailed insights into their risk identification and response processes.
By leveraging advanced technologies such as machine learning and artificial intelligence alongside cloud-based adjustable protection options, Cymulate has established itself at the forefront of cybersecurity solutions in the market today – thus becoming a leader in cloud security innovation for organisations of all sizes worldwide.
Cymulate Raises $45M
Cymulate, an Israel-based cybersecurity company, recently raised $45 million in a Series B funding round led by Vertex Ventures and Viola Ventures. This has propelled the company into the limelight and created a renewed interest in its products. This round of funding brings the company’s total funding to $63 million and sets them up for even more growth.
Let’s delve deeper into the details of this round and why Cymulate is gathering so much attention.
Overview of the $45M funding round
In June 2020, Cymulate, a leading provider of cyber security solutions, announced that it was the beneficiary of a $45 million funding round. This amount brings the total raised by Cymulate to an impressive tally of $86 million.
The funding round was led by Polaris Partners, one of the top venture capitalists in the world and early investors in Facebook and Dropbox. VC heavyweight KPCB also participated in this funding round. In addition to them, two strategic investors with extensive experience in cybersecurity have also come on board – Insight Partners and Microsoft Ventures.
This infusion of capital comes at a critical time for Cymulate when many businesses rely heavily on their IT networks for operations due to pandemic-driven remote working arrangements. With this additional injection of funds, Cymulate plans to expand its global reach and develop new features for its security platform as more businesses move their operations from on-premise servers to cloud infrastructures. Furthermore, the investment is also intended to accelerate the product development process and assist customers with rapid implementation, thereby providing comprehensive end-to-end Cyber Security Solutions without compromise or interruption.
In the past 18 months alone, Cymulate’s customer base has grown threefold – with customers around the globe including government agencies, Fortune 500 companies, and SMEs using its Breach & Attack Simulation services across multiple sectors such as healthcare, finance and manufacturing industries.
This latest investment round stands testimony to investor confidence in Cymulate’s product and its current standing in the industry as one of its most promising players – proving once again that cyber security has no boundaries when attracting interest from investors around the world.
Who were the investors?
Cymulate attracted considerable attention with their recent funding round. TLV Partners led the round, a venture capital firm focused on seed and early-stage investments in cutting-edge technology startups. Additional investors included Gefen Capital and Jerusalem Venture Partners. This round of funding brings the total amount raised by Cymulate to USD 9 million.
The new capital allows Cymulate to continue developing its revolutionary platform that helps organisations protect against cyber threats through real-time simulation. Cymulate’s platform helps organisations better understand their security posture, identify gaps, and prioritise remediation efforts for improved security and lower exposure to risk.
Cymulate provides comprehensive breach prevention capabilities for small businesses and large enterprises across multiple industries – from healthcare to finance, retail and legal – helping customers stay ahead of an ever-evolving threat landscape.
What will the funds be used for?
Cymulate, a leading provider of Breach and Attack Simulation (BAS) solutions today, announced the successful completion of its latest funding round. The company raised $30 million in this round, investing in its ongoing innovation initiatives.
This investment is part of Cymulate’s drive to expand and further develop its product portfolio which includes cyber resilience capabilities across areas such as vulnerability management, security monitoring and infrastructure protection.
The funding will be used towards:
- Continued research and development of the company’s core BAS platform.
- Ongoing efforts to develop advanced security capabilities in areas such as Application Security Testing (AST), Insider Threat Simulation (ITS), Social Engineering Protection (SEP) and Mobile Security Testing (MST).
- Expansion into new markets and product verticals.
- Integration with additional partner technologies.
- Fuel partnerships with industry leading vendors for better scalability and cybersecurity protection.
- Strengthening its team – recruiting the world’s most skilled security professionals to provide superior customer services worldwide.
Why Cymulate is Attracting So Much Attention
Cymulate, a security and risk management platform, recently raised $45 million in a Series B funding round, making it one of the most talked-about cybersecurity startups in recent months. This influx of capital has given the company great attention from investors and tech enthusiasts alike.
The curious are left wondering: What does Cymulate do and why is it attracting so much attention? Let’s take a closer look.
Cymulate’s Unique Approach to Cybersecurity
Cymulate is a leading provider of cyber security testing and simulation services tailored to the needs of businesses of all sizes. Its unique approach to securing digital assets emphasises analysing multiple vulnerabilities and testing for malicious activity before an attack can be launched.
Unlike traditional security solutions, this method allows companies to assess their security posture in real-time and gain insight into the most effective response strategies to threats like ransomware, malware, social engineering, and more. In addition, Cymulate’s platform simulates real-world attack scenarios, allowing customers to see how they would fare against a potential threat with no risk or disruption to existing security solutions or operations.
By providing an unparalleled level of insight into the behaviour of their IT systems during an attack scenario without any risk, Cymulate offers its customers a powerful tool for managing optimal network defence solutions that are tailored for the evolving business environment. Furthermore, instead of merely reacting after an incident, Cymulate continuously works with customer teams to identify weaknesses before attackers can exploit them. This comprehensive approach enables Cymulate’s customers to stay one step ahead in the fight against cyber crime.
Cymulate’s Automated Security Testing Platform
Cymulate is a cybersecurity firm that recently introduced its automated security testing platform, allowing organisations to assess their networks against potential threats and attack scenarios efficiently and comprehensively. The platform is designed to provide organisations with insights on the overall security posture of their operations, with a detailed view of the weaknesses exposed to potential threats.
Cymulate’s automated Security Testing Platform has seen growing adoption in recent weeks for several reasons. Primarily, it facilitates a greater level of in depth cyber risk assessment than traditional manual processes. Secondly, it helps organisations identify and remediate security vulnerabilities faster. Organisations can quickly validate existing security controls and make informed decisions on investment into new cybersecurity solutions -all within an integrated environment.
Moreover, Cymulate’s automated Security Testing Platform ensures accurate results as testing scenarios can be repeated and validated over time. It also offers comprehensive reporting capabilities that enable organisations to demonstrate compliance with relevant regulations while assuring customers and other stakeholders of their ongoing commitment towards cyber security risks management processes.
In conclusion, Cymulate’s automated Security Testing Platform presents cybersecurity professionals with an efficient way to accurately test for potential cyberthreats down the road – ultimately allowing them better insight into weak points before they become major issues for the organisation as a whole.
Cymulate’s Comprehensive Security Solutions
Cymulate is a pioneering security simulation as a service (SaaS) platform that continuously tests and simulates an organisation’s network, endpoints and cloud. In addition, Cymulate provides real-time support to security professionals, offering clear attack visuals and reports of the most relevant recommendations for their organisation. As the cyber threat grows daily at an exponential rate, many organisations are turning to Cymulate’s comprehensive security solutions in order to gain visibility into their threats, protect their infrastructure and ensure compliance.
Cymulate helps organisations test their security controls against the latest cyber threats; this enables them to identify any vulnerabilities and fix them before malicious actors can exploit them. Cymulate also helps organisations understand how each identified vulnerability impacts their assets by running simulations with real-world attack scenarios. These simulations allow users to replicate different cyber-attack vectors with real-life payloads, enabling users to assess the true risk these threats pose to the organisation’s environment.
More importantly, unlike other solutions which focus solely on identifying known threats in a static environment such as antivirus software or antivirus scanners that search through databases of existing malware signatures; Cymulate takes a behaviour-based approach when assessing threats on one’s network—it detects anomalies within the system that may indicate malicious intent even if the threat is unknown or not yet widely recognized. This allows organisations to proactively protect themselves from emerging trends and potential risks before they happen – giving users peace of mind that their assets are safe from harm even in an ever changing digital landscape.
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