Scythe, an Arlington, Virginia-based attack simulation platform, has raised $3m in an initial funding round.
The round was led by cybersecurity industry veteran and co-founder of Tenable, Ron Gula of Gula Tech Adventures. It also featured participation from Evolution Equity, Paladin Capital Group, Stony Lonesome Group and SaaS Ventures and a number of private investors including Dmitri Alperovitch of CrowdStrike, Ray Rothrock of RedSeal, and Aleksandr Yamposkiy of SecurityScorecar, among others. In conjunction with the funding, Ron Gula and Dmitri Alperovitch will serve on Scythe’s board of directors.
Scythe’s flagship product is an attack simulation technology platform that allows organisations to build and emulate every possible combination of real-world adversarial campaigns, testing an organisation’s vulnerabilities to measure the effectiveness of an enterprise’s security controls.
“SCYTHE is a technology every enterprise red team should have so they can prepare the blue team for engagements with cutting-edge offensive teams,” said Gula. “The average dwell time of undetected compromises is currently measured in months and SCYTHE enables the red team to give the blue team something realistic to hunt.”
The company enables enterprise to set up, customize, and run adversarial campaigns in a matter of minutes to validate the risk posture and exposure of businesses and their employees and the performance of security teams and the solutions they use.
Its platform uses a Threat Catalog to automatically deploy a combination of threat actor communications and end-point capabilities on the production environment. The solutions demonstrates the potential space of what an attack can look like and what an attacker can do once they enter a customer’s environment. Teams are then able to receive granular reporting about an organisation’s production environment and degree of compromise quickly and effectively.
“We’re constantly adding capabilities to our platform and developing new innovations to combat ongoing cyber threats. This investment will accelerate SCYTHE’s ability to deliver our attack simulation platform to more organizations worldwide while driving new product development,” said founder and CEO Bryson Bort. “We are excited to bring the potential to disrupt the cybersecurity market with real metrics on security efficacy for business. It’s finally time for industry to get ahead of the threat.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
