Israeli cybersecurity firm Cymulate today announced the completion of a $ 45 million Series C financing round led by One Peak, along with existing investors Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. Cymulate has now raised $ 71 million so far. The funding will be used to accelerate revenue growth. In 2020, Cymulate doubled revenue year-on-year and expanded its workforce by more than 150%. Cymulate serves hundreds of clients including leading companies and F500 companies and recently announced a partnership with global telecom giant NTT. Related materials Israeli cybersecurity company Cymulate raises $ 7.5 million, headquartered in Rishon LeZion, Cymulate was founded in 2016 by CTO Avihai Ben-Yossef, CEO of Eyal Wachsman, and Eyal Gruner, a serial entrepreneur and investor in security startups Cyber. Cymulate has developed a platform to continuously and on-demand verification of an organization’s cyber situation by testing the cloud and local networks against the latest threats. “Cymulate saw a 50% increase in the number of unique attacks in the wild in 2020, and as APT groups become more aggressive and disruptive, there is a real need for companies to conduct daily or weekly assessments of their security posture. It is very difficult to regain customer confidence due to the fallout from the attack,” said Waxman. Large. “Posted by Globes, Israel business news – en.globes.co.il – May 5, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Israeli cybersecurity company Cymulate raises $ 45 million
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