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Company Set for Expanded U.S. and International Delivery of Autonomous Breach Protection as Business Requirements for Robust Cybersecurity Defenses Accelerate
New York, NY – June 29th, 2020, 11am EST — Cynet (http://www.cynet.com) today announced it has closed an $18 million Series B+ funding round led by BlueRed Partners, joined by strategic investors, Deutsche Telekom and Merlin International, with additional participation from existing investors Norwest Venture Partners, Ibex Investors. The investment will be used to take Cynet’s Breach Prevention Platform to the next level, as well as expand the company’s presence in U.S. and international markets.
The Series B+ round empowers Cynet with the capital needed to scale its best of breed cybersecurity platform, financing planned technology advancements to further security team excellence. It will also be used to further expand the company’s presence in U.S. and international markets– expanding global sales, accelerating brand awareness and growing its channel ecosystem. The round was joined by two strategic investors, Merlin International and Deutsche Telekom, the largest telecommunication operator in Europe, who are investing in and going to market with Cynet in partnership, demonstrating tremendous confidence in the company’s future success.
Cynet is driven by a single purpose – to make breach protection within reach for any organization, regardless of its size and security skills. The company’s foundation is built on the concept of Autonomous Breach Protection – zero operational overhead, zero maintenance efforts, and zero manual operations, while rendering best-of-breed adaptive protection from the widest set of commodity and advanced threats.
Cynet has hundreds of customers worldwide, ranging in size from small companies to large enterprises. In addition, Cynet has seen a massive surge in partners using the Cynet 360 platform as their go-to incident response tool. Incident response service providers and MSPs use Cynet, at no cost, in their incident response engagements to gain immediate visibility into the compromised network, identify the threats and remediate them surgically. To learn more about Cynet for incident response, visit: https://www.cynet.com/partners/free-incident-response/
“Cynet has the requisite talent and technology to succeed in the white-hot cybersecurity market, particularly automated breach protection, which continues to present growth opportunities to innovation leaders,” said Yishai Klein, Managing Partner, BlueRed Partners. “Their support and success rate for organizational cybersecurity initiatives with respect to threat prevention, detection and response have been very impressive. We are excited to lead this round as the company is well positioned in the market to deliver highly differentiated and adaptive solutions. We look forward to helping the company expand into the Asia market.”
“Having this esteemed list of investors participating in Cynet’s success is instrumental as we continue our evolution and enter the next phase of growth,” said Eyal Gruner, Co-Founder and CEO of Cynet. “This round of financing provides additional runway to execute further with our growing family of partners and customers, while aggressively expanding our footprint globally.”
Cynet 360 is the world’s first autonomous breach protection platform that consolidates and automates Monitoring & Control, Attack Prevention & Detection and Response Orchestration across the entire environment. Cynet 360 pioneers the use of Cynet Sensor FusionTM to continuously analyze all activity signals from the protected environment: user activity, process behavior and network traffic to provide threat protection of unmatched accuracy coupled by automated remediation workflows for all core attack vectors. Cynet 360 eliminates the need of complex multi-product security stacks, making robust breach protection within reach for any organization, visit: https://www.cynet.com.
About BlueRed Partners
BlueRed Partners is a Singapore-based fund that focuses on investing in disruptive, early and growth-stage technology companies that offer solutions for significant market needs and trends in Asia. The managing partners of BlueRed have been based in Asia for over 20 years, and have deep investment and advisory experience working with companies in Asia Pacific and Israel. Leveraging its network throughout the region, BlueRed Partners enables entrepreneurs to build and scale successful ventures.