Cyfirma, an external threat landscape management company, has raised a pre-Series B round of funding valued at $5.5m.
The funding was provided by OurCrowd, an Israeli venture fund, as well as India’s multinational conglomerate L&T Innovation Fund. With the closing of this round, CYFIRMA has raised nearly USD18M to date.
To deter the ever-increasing sophisticated cyberattacks, businesses must gain deep insights into the environment to understand their unique external threat landscape better.
By combining cyber intelligence with attack surface discovery and digital risk protection, Cyfirma cloud-native, non-intrusive SaaS platform gives customers predictive, personalized, contextual, outside-in, and multi-layered insights in a single pane of glass.
The capital raised will be used for product innovation and entering new global markets in North America, Europe and MENA region in addition to growing the existing markets in SEA, including India, Singapore and Japan. The funds will also be utilised for hiring across verticals and in-brand building.
Cyfirma CEO and founder Kumar Ritesh said, “Adding OurCrowd and L&T Innovation Fund to our capital table is exactly what we need to take our company to the next level. We recognize the critical role that Israel plays in the cybersecurity market in delivering groundbreaking technology and OurCrowd has been at the forefront of cybersecurity innovation, with a rich history of making markets and helping create some of the most successful startups in the industry.
“By partnering with them, Cyfirma will benefit from an unparalleled wealth of knowledge and experience, allowing us to continue advancing our platforms.”
Ritesh added that L&T represents one of the most ‘forward-thinking technology and infrastructure companies’ and holds deep expertise in engineering, industrial, construction and IT industries.
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Copyright © 2018 RegTech Analyst