CyberInt collects $18m for cyber detection and response services

CyberInt, an Israeli cybersecurity detection and response services company, has completed a $18m financing round led by Viola Growth.

The round, which brings the company’s total funding to $28m, also included participation from existing investors.

CyberInt claims to eliminate potential threats before they become crises. It does by looking at all online activities and digital assets from an attacker’s perspective and provides managed detection and response services to customers worldwide.

Global omnichannel organisations across financial services, retail, eCommerce, and gaming rely on CyberInt’s Argos platform, which offers multiple detection modules including targeted threat intelligence, social media monitoring, VIP protection, brand protection, vendor risk management, and email threat management.

“As companies drive more digital activity, they become more vulnerable to attacks,” said CyberInt CEO, Amir Ofek. “CyberInt is the industry’s leading partner to address early detection and response and mitigate the digital risk, enabling digital businesses to continue growing and protecting their brands. We are in a strong growth path with more than 100% growth year over year for the last two years. With this investment, we’ll continue to address the growing demand to support leading organisations across the world.”

CyberInt’s ex-CISO, ex-8200 and white-hat hackers team of cyber experts spread across Israel, New York, London, Singapore, and Manila. With the capital it plans to drive global expansion, expand its Argos platform, and develop additional next-generation digital risk management, detection and response solutions.

Earlier this week, Israeli startup Vulcan Cyber closed a $4m seed funding round to eliminate the vulnerability remediation gap that exposes enterprises to cyber risk. The funding was led by YL Ventures with participation from additional cybersecurity and enterprise software investors, including Giora Yaron, chairman of the executive council of Tel Aviv University.

While earlier this month, Team 8, an Israel-based cybersecurity incubator, began looking for $85m for its new venture capital fund. Following their experience in the Israeli Defense Force’s intelligence unit 8200 and their work in the private sector, Nadav Zafrir, Israel Grimberg, and Liran Grinberg co-founded Team 8 in 2015.

Its mission is to develop disruptive companies ‘that challenge the biggest problems in cybersecurity and give organisations the advantage over cyber attackers’ according to its website.

Copyright © 2018 RegTech Analyst

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