Evolution Equity Partners backs Cytactic with $16m to enhance cybersecurity readiness”

Evolution Equity Partners backs Cytactic with $16m to enhance cybersecurity readiness

Cytactic, a pioneering SaaS platform, has recently secured a $16m seed funding round.

The investment, led by the prominent cybersecurity venture capital fund Evolution Equity Partners, positions Cytactic at the forefront of cyber crisis readiness and management.

The funding underscores the growing urgency among businesses to enhance their defenses against cyber threats. In an era marked by frequent and complex cyber incidents, Cytactic offers a holistic, intuitive platform that serves as a comprehensive command center for all stakeholders involved in cyber-crisis readiness, response, and recovery.

Cytactic’s innovative approach integrates cyber crisis preparation, response management, and recovery into a unified platform. This user-friendly system is designed to accommodate various business profiles and risk landscapes, helping organizations navigate the challenges of cyber threats with a streamlined, orchestrated process.

The platform is a direct response to the need for better synchronization among stakeholders during a cyber crisis. By facilitating coordinated management and swift recovery, Cytactic helps mitigate the impact of cyber incidents and potentially avert threats before they escalate.

Evolution Equity Partners’ General Partner, Yuval Ben-Itzhak, highlighted the platform’s market relevance. “The increasing complexity in preparing for, managing, and recovering from a cyber incident has become more painful and difficult to overcome than ever before. It is no longer enough to know how to technically investigate and respond to a crisis with an incident response team. Cross-organizational action involving multiple stakeholders is required, making managing and navigating crises successfully even more difficult.”

Cytactic’s founder and CEO, Dr. Nimrod Kozlovski, expressed pride in the team’s achievements. “Cytactic’s team’s accomplishments in successfully managing multiple crises clearly addresses a crucial and very much ‘now’ cybersecurity market need. We are proud to partner with Evolution Equity Partners. Given the strong demand, this investment will enable us to scale globally and expand our network of strong professional partnerships.”

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