Connect with us

Hi, what are you looking for?


Cybersecurity Funding

APT Simulation Provider XM Cyber Raises $22 Million

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.

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.”

Advertisement. Scroll to continue reading.

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

Written By

Eduard Kovacs (@EduardKovacs) is a managing 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.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join security experts as they discuss ZTNA’s untapped potential to both reduce cyber risk and empower the business.


Join Microsoft and Finite State for a webinar that will introduce a new strategy for securing the software supply chain.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.