Israeli cybersecurity testing firm Cymulate announced today that it has raised $45 million through a Series C funding round.
The Series C round was led by One Peak, with participation from existing investors Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital.
Cymulate has raised $71 million to date, including a $15 million Series B round in November 2019, and a $3 million Series A round in March 2017.
Founded by Eyal Wachsman and Avihai Bar Yosef, the company offers a cloud-based security validation 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.
The SaaS based platform leverages the MITRE ATT&CK framework and allows customers to validate their security posture continuously and on-demand, by testing their cloud and on-premise networks against the threats in the wild.
“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, individually and interconnected,” the company explains. “Simulations can run on-demand or be scheduled to run at regular intervals, with either an out-of-the-box option or customized by more advanced security professionals. Within minutes, the platform provides specific, actionable insights and data on where a company’s network is vulnerable, highlighting security gaps and mitigation procedures to optimize the security posture.”
“The increasing pace of global cyber security attacks has resulted in a crisis of trust in the security posture of enterprises and a realization that security testing needs to be continuous as opposed to periodic, particularly in the context of an ever-changing IT infrastructure and rapidly evolving threats. Companies understand that implementing security solutions is not enough to guarantee protection against cyber threats and need to regain control,” said David Klein, Managing Partner at One Peak.
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