XM Cyber, an Israel-based company that provides an automated APT simulation and remediation platform, on Tuesday announced that it has raised $22 million in a Series A funding round.
Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, UST Global and others participated in the funding round, which brings the total raised by XM Cyber to date to $32 million.
The startup says it plans on using the newly acquired funds to accelerate growth through expanded sales, engineering and marketing programs.
XM Cyber’s main product, the HaXM automated APT simulation platform, was unveiled in March. It simulates an attacker’s possible behavior in an effort to identify potential weaknesses, and uses that data to provide recommendations for remediation.
“We don’t define the attack vectors in advance. We act like a virtual hacker,” XM Cyber VP of Product Adi Ashkenazy told SecurityWeek in March. “We start from points of likely breach – which could be internet-facing servers, for example; or endpoints that receive external email. We place our virtual hacker in those starting points with a tool box that mimics the capabilities of an advanced attacker; and from that moment on the virtual hacker mimics the steps taken by a real hacker trying to find his way to critical assets. We never know in advance what will be found, but so far the virtual hacker has always eventually managed to compromise the entire network.”
XM Cyber was founded in 2016 by a team of former members of Israeli security and intelligence services led by retired Mossad chief Tamir Pardo. The company has customers in Israel, the United States and Europe, including in the financial and critical infrastructure sectors.
“2018 has been an incredible year for XM Cyber, and this funding round will help us expand our footprint in 2019,” said XM Cyber CEO and Co-Founder Noam Erez. “We are grateful to our investors for this vote of confidence and look forward to their continued strong support.”
Related: Cloud Security Firm Netskope Raises $168.7 Million
Related: Container Security Firm Sysdig Raises $68.5 Million
Related: Security Automation Firm Demisto Raises $43 Million
Related: Tanium Raises $200 Million at $6.5 Billion Valuation

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Hive Ransomware Operation Shut Down by Law Enforcement
- UK Gov Warns of Phishing Attacks Launched by Iranian, Russian Cyberspies
- Dozens of Cybersecurity Companies Announced Layoffs in Past Year
- Security Update for Chrome 109 Patches 6 Vulnerabilities
- New Open Source OT Security Tool Helps Address Impact of Upcoming Microsoft Patch
- Forward Networks Raises $50 Million in Series D Funding
Latest News
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Cyberattacks Target Websites of German Airports, Admin
- US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’
