Cymulate bags funding for extended security posture management

Cymulate bags funding for extended security posture management

Extended security posture management platform Cymulate has closed its Series D round on $70m, bringing its total capital raised to $141m.

Existing Cymulate investor One Peak led the round, with capital also coming from Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital.

With the funds, the extended security posture management platform plans to bolster its global expansion efforts. It will also help the company bolster its technological capabilities, further its global growth and expand its team by 75%.

Cymulate more than doubled its ARR in 2021 and grew by over 200% in North America alone. It currently boasts over 500 customers globally.

Cymulate claims to set the industry standard for organisations to use automation to continuously validate their threat exposure and cyber posture, by testing cloud and on-premises networks against the latest threats.

Its extended security posture management platform leverages its security technology and capabilities to support customers’ security and business needs. The platform provides actionable insights into attack surface management, continuous automated red teaming, breach & attack simulation, and advanced purple teaming.

Alongside the funding, Cymulate announced two C-level executive appointments to bolster the company’s leadership. It has appointed Maria Mastakas as its chief operating officer and Carolyn Crandall as its chief marketing officer and chief security advocate.

One Peak managing partner David Klein said, “We are thrilled to lead this round of investment in Cymulate.

“Cyber posture management and continuous security validation have dramatically increased in popularity in response to the onslaught of ransomware and cyber warfare for businesses across all size ranges. Cymulate is the clear leader in the sector, and we look forward to continuing to support the Company in further accelerating its already strong growth trajectory.”

Last year, Cymulate raised $45m in its Series C funding round, which was led by One Peak.

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