Israeli cybersecurity startup Cyrebro raises $40 million
Cyrebro, an Israeli-based cybersecurity startup has raised $40 million in its Series C funding round led by Koch Disruptive Technologies (KTD), with participation from other investors.
- The funding will be used to expand the functionality of its products and launch in more geographies, the company claims. The cyber startup currently uses a third-party remediation tool to complement the work it does– it aims to expand its product in such an area.
- Cyrebro is a cybersecurity startup that provides its customers with services like threat hunting, threat intelligence, forensic investigations, incident response, SIEM (Security Management) optimization, and strategic monitoring, which either come as a whole security solution or a complement to a company's current IT security solution.
- It aims to provide security to organizations' operations at faster, cheaper, and more efficient rates. It consolidates security data for organizations, making it actionable and usable, alongside their apps, systems, devices, and networks for operations security.
- It is based out of Israel with operations in North and South America, EMEA, and Asia providing automation and SOC infrastructure services and has raised $60 million since it launched. It has become profitable as a company and currently manages security for 400 customers, from 38 three years ago.
- Elaia, Mangrove Capital Partners, Prytek, Bank Mizrachi, and InCapital Group invested in the Series C round.
