Breach and attack simulation platform Cymulate has received $15m in its Series B round led by Vertex Growth Fund.
The capital injection was also supported by Vertex Ventures Israel, Dell Technologies Capital and Susquehanna Growth Equity (SGE).
This investment comes just months after the startup closed its $7.5m Series A round.
Cymulate helps businesses automatically assess their overall security position and helping them to prevent and prepare for any oncoming attacks. The SaaS platform simulates the latest threats to test an organization’s defences and controls across the entire kill chain of attack vectors.
Simulated attacks can be run on-demand or scheduled to run at regular intervals and will offer tailored and specific insights and data on a business’ vulnerabilities.
With the new capital, the startup is looking to further its growth in the US, expand sales and marketing efforts, and deepen its customer base. Plans also include increasing the reach of its security solution to cover the entire digital estate of businesses including on-premise, cloud, IoT and more.
Vertex Growth managing director Tam Hock Chua said, “Within the new and exciting Automated Breach and Attack Simulation space, Cymulate’s solution stands out as highly intuitive and comprehensive.
“The platform’s ability to effectively test the security controls of a company’s networks allows CISOs to easily assess their cybersecurity posture anytime and automatically, something that companies serious about cybersecurity will readily appreciate.”
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