SCYTHE, a software company building technology for adversary simulation, on Monday announced it had secured $10 million in venture capital funding to speed up expansion plans.
SCYTHE, based in Arlington, Va., said the $10 million Series A funding round was led by Gula Tech Ventures and Paladin Capital Group. Energy Impact Partners (EIP) also joined as an investor.
The company sells software that helps security teams to emulate real-world cybersecurity threats in real time.
SCYTHE, which was spun out of the Grimm penetration testing business, is looking to tap into the crowded attack surface management market.
“The new investment puts SCYTHE in a strong market position to expand the company’s engineering, sales and marketing and customer service operations for SCYTHE’s advanced attack emulation platform for the enterprise and cybersecurity consulting market,” the company said in a statement announcing the investment.
Last year, SCYTHE launched the SCYTHE Marketplace to enable trusted third-party developers to create new capabilities for the company’s attack emulation platform. The created modules can be used by red, blue, and purple teams to emulate certain types of attacks and test their defenses.
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