Israeli cybersecurity startup Cymulate offers a SaaS based Continuous Security Validation platform. The company raised $45 million in a Series C funding round, led by One Peak, together with existing investors Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. Cymulate has raised $71M to date, including a seed investment from Eyal Gruner.
There is a reason why cybersecurity startups are so valuable today. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.
Founded in 2016, Cymulate is a SaaS-based breach and attack simulation platform. The company boasts that its platform makes it simple to “know and optimize your security posture any time, all the time and empowers companies to safeguard their business-critical assets. With just a few clicks, Cymulate challenges your security controls by initiating thousands of attack simulations, showing you exactly where you’re exposed and how to fix it—making security continuous, fast and part of every-day activities.”
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Vendors are touting their results of the MITRE ATT&CK yearly evaluation.
With Cymulate’s platform, you can test how they perform daily IN YOUR production environment. https://t.co/gZ8bcYKGb9#Security #Mitre #Cyber pic.twitter.com/60Q8Zjvxsv
— Cymulate (@CymulateLtd) May 4, 2021
“Cymulate saw a 50% increase in the number of unique attacks in the wild in 2020, and as APT groups are becoming increasingly aggressive and disruptive, there is a real need for companies to run daily or weekly assessments of their security posture. A loss of customer trust due to the fallout of a major attack is extremely hard to regain,” said Eyal Wachsman, CEO and co-founder of Cymulate. “This Series C funding is yet another vote of confidence in Cymulate and will enable us to expand our reach across the globe at a faster pace and continue our vision to be the largest and most comprehensive consultant-free security validation company”.
Cymulate’s SaaS-based Continuous Security Validation platform plays a critical role in empowering organizations to automatically assess and improve their overall security posture. 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. 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.