CardinalOps co-founders Michael Mumcuoglu and Yair Manor (company pic)
CardinalOps, an Israeli cyber security startup that offers threat coverage optimization, secured $17.5 million in a Series A funding round led by Viola Ventures, with participation from existing investors Battery Ventures, Glilot Capital, Symbol, and top angel investors from the security industry. The company has now raised a total of $24 million to date.
Israel is the place to go to invest in new cyber security companies. Its startups in the field benefit from the expertise of graduates of the IDF vaunted elite computer and cyber units like 8800. So CardinalOps is in very good company.
Founded in early 2020 by Michael Mumcuoglu and Yair Manor, CardinalOps protects some of the world’s largest and most complex organizations, including a Fortune 50 consumer products company; a top 10 U.S. law firm; a top 10 cable operator; and a leading MDR/MSSP.
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“With support from our investors, CardinalOps is entering its next phase of growth to achieve our vision of helping customers bring AI-based analytics to the core detection engineering functions that inevitably drive security infrastructure effectiveness and efficiency,” said Michael Mumcuoglu, CEO and Co-Founder at CardinalOps. “We have already gained significant traction with our customers across key industries, including manufacturing, financial services, hospitality, media, transportation & logistics, law firms, and managed security services. With our latest investment, we are well-positioned to extend our leadership in global threat coverage optimization for widely-used but often under-utlized security tools.”
Danny Cohen, general partner at Viola Ventures, who is joining the CardinalOps Board of Directors said, “We have a 20-year track record of identifying outstanding teams and supporting them to unicorn status and beyond, and we believe CardinalOps has all the right ingredients to become a global category leader in cybersecurity. Led by visionary founders, CardinalOps is helping organizations leverage analytics to scale and optimize their cyber defenses in the face of continuously-increasing sophistication of cyber adversaries worldwide..”
