• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Venture Capital Matters

#VentureCapital: VC meets social media

  • Pitch a Startup
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Breach and Attack Simulation Platform Cymulate Secures $15M in Series B Funding

November 26, 2019 By 3v.org Leave a Comment

Cymulate, the SaaS-based Breach and Attack Simulation (BAS) platform, today announces a Series B funding round of $15M, led by Vertex Growth Fund. The round also sees participation from other existing investing partners, including the investment arm of Vertex Ventures Israel, Dell Technologies Capital and Susquehanna Growth Equity (SGE). Cymulate has raised $26M to date, including seed investment from Eyal Gruner.

In less than three years, Cymulate has successfully launched its technology across the US, EMEA and Asia, having acquired commercial and enterprise customers across all verticals, particularly in the financial services and healthcare sectors. Cymulate continues to develop its technology and remain at the forefront of BAS, most recently launching the industry’s first agentless APT simulation, enabling their customers to keep APT risk to a minimum hence customer retention is exceptionally high.

Cymulate’s CEO Eyal Wachsman says “Our simple and automated approach to security testing is quickly gaining ground with companies of all sizes due to its ease of use and its ability to optimize the ever-changing IT security environment at any given moment. We’ve enjoyed an exceptionally strong growth period during the past few months and we therefore decided to pre-empt with another round of funding shortly after our Series A in order to leverage on the strong market adoption with additional resources to accelerate our expansion. We’re delighted that Vertex Growth has joined as an investor and that our recent success has been recognized by our current funding partners who continue to show their commitment and belief in our technology.”

Overtaking manual, periodic penetration testing and red teaming, BAS is becoming the most effective method to prepare and predict for oncoming attacks. Security professionals realize that to cope with evolving attackers, a continuous and automated solution is essential to ensure optimal security non-stop. As the leader in this space, Cymulate’s funding will be invested to fuel further growth in the US, expanding sales, marketing and operational support to broaden the customer base. The company plans to broaden its approach beyond BAS by offering end-to-end security testing platform for the entire digital estate of organizations, incorporating on-prem, cloud , IoT and beyond.

Cymulate’s SaaS-based BAS platform plays a critical role in empowering organizations to automatically assess and improve their overall security posture. Simulations of the latest threats in the wild test an organization’s security defenses and controls, across the entire kill chain of attack vectors and APT attack configurations. Simulations can be run on-demand or scheduled to run at regular intervals. Within minutes, the platform provides specific, actionable insights and data on where a company’s network is vulnerable, highlighting security gaps and mitigation procedures.

“Within the new and exciting Automated Breach and Attack Simulation space, Cymulate’s solution stands out as highly intuitive and comprehensive. The platform’s ability to effectively test the security controls of a company’s networks allows CISOs to easily assess their cybersecurity posture anytime and automatically, something that companies serious about cybersecurity will readily appreciate. We look forward to working with Cymulate to expand its innovative solution globally,” says Tam Hock Chuan, Managing Director of Vertex Growth.

About Cymulate
Cymulate is a SaaS-based breach and attack simulation platform that makes it simple to know and optimize your security posture any time, all the time and empowers companies to safeguard their business-critical assets. With just a few clicks, Cymulate challenges your security controls by initiating thousands of attack simulations, showing you exactly where you’re exposed and how to fix it—making security continuous, fast and part of every-day activities.

SOURCE Cymulate

Home Page

Related

Filed Under: PR Tagged With: Breach and Attack, cybersecurity, Cymulate, Simulation Platform

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • FreshCut Secures $15M Funding to Accelerate Transformation of Web3 Gaming Content Ecosystem
  • Thought Machine Raises $160m in Series D Funding Round – Doubling Valuation to $2.7bn and Accelerating Plans to Bring World’s Banks Onto Cloud Technology
  • Foundational Skills Checklist
  • LucidLink Raises $20 Million in Series B to Solve Remote Collaboration Challenges for Global Creative Teams
  • Storyblok Raises $47M Series B Led by Mubadala Capital and HV Capital to Make Headless Content Management the New Standard
  • A bridge between Web2 and Web3
  • Fresh Technology Inc. Closes $7 Million Series A to Drive Innovation in Modern Restaurant Kitchens
  • SoftBank will be cutting its startup investments by 50-75% through March 2023
  • Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D
  • RGo Robotics Exits Stealth Mode with $20M in Funding & Major Customer Wins

Media Partners

  • VPNW
  • S3H
  • OPINT
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Opinion
  • Venture Capital

Copyright © 2018 3V.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT