CYRISMA, a pioneering cybersecurity platform, has recently announced a $7m Series A funding round.
The investment, spearheaded by Blueprint Equity and supported by SaaS Venture and Golden Ventures, aims to propel the development of CYRISMA’s comprehensive risk management solutions.
This financial injection will be used to advance the platform’s capabilities, enriching customer support and scaling up sales and marketing efforts. CYRISMA is known for its robust, cost-effective solutions tailored for Managed Service Providers (MSPs), enabling them to detect, prioritise, and mitigate security vulnerabilities while managing compliance and AI-driven security risks effectively.
The new funds are earmarked for enhancing the platform’s features, which will bolster CYRISMA’s mission of providing affordable, wide-ranging risk management tools. This expansion will not only strengthen support for current customers but also facilitate the company’s entry into new markets, broadening its impact and enhancing brand visibility.
Adding to the significance of this funding round, Sheldon Lewis of Blueprint Equity will join the CYRISMA Board of Directors. This move is seen as a strategic enhancement to the company’s governance, bringing valuable experience to the table.
“In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers,” CYRISMA co-founder and CPO Liam Downward remarked on the collaboration. He highlighted the investment’s role in continuing to deliver a comprehensive suite of risk management solutions, empowering MSPs to protect their clients effectively.
Echoing this sentiment, Sheldon Lewis commented on the increasing reliance of SMBs on MSPs to manage their cybersecurity needs, driving demand for sophisticated, scalable solutions. “We were drawn to the breadth of the CYRISMA platform and their strong customer satisfaction.
“Oliver Downward, CEO, Liam, and the team have an unparalleled insight into the MSP market, and we’re honored to partner with CYRISMA during their next phase of growth,” he added.
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