Israel-based cybersecurity startup Cymulate announced on Tuesday that it has raised $15 million in a Series B funding round led by Vertex Growth Fund.
Founded by Eyal Wachsman and Avihai Bar Yosef, the company offers a cloud-based Breach and Attack Simulation (BAS) platform that helps organizations test their security controls by running thousands of attack simulations, shows points of exposure, and provides remediation guidance. The platform can assess the security of various systems, such as email, Windows Domain Network configurations, web servers, web traffic, and more.
“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,” the company explains.
“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,” said Wachsman, who serves as Cymulate’s CEO.
Vertex Ventures Israel, Dell Technologies Capital and Susquehanna Growth Equity (SGE) also participated in the Series B round.
Cymulate has raised a total of $26 million in funding to date, including seed investment from Eyal Gruner, and $3 million through a Series A round led by investment firm Susquehanna Growth Equity in 2017.
The company says the additional funding will be used to support continued expansion in the US, and expand sales, marketing and operational support. In the future, the company plans to offer an end-to-end security testing platform that supports on-prem, cloud , IoT environments.
