CYREBRO, a security operations centre infrastructure, has raised $40m in Series C funding, led by Koch Disruptive Technologies (KDT).
Elaia also joined the round as a first-time backer. Existing investors Mangrove Capital Partners, Prytek, Bank Mizrachi and InCapital Group also joined the round.
CYREBRO has earmarked the capital for its go-to-market strategy. Its goal is to become the global solution for all managed security service providers (MSSPs), IT providers and businesses.
Between 2020 and 2021, CYREBRO experienced a 300% year-over-year growth. Furthermore, between 2019 and 2021, the CyberTech has tripled its revenues.
The company is has clients and partners in North America, Latin America, EMEA and Asia.
CYREBRO eliminates the cost of building in-house SOC infrastructure. Its plug-and-play installation offers full visibility of the existing security posture. It also supplies advanced cybersecurity with quick responses to cyber threats to businesses of all sizes.
Its features include threat intelligence and hunting, forensic investigation and incident response.
KDT managing director Isaac Sigron said, “CYREBRO provides MSSPs the highest level of automation and lowest false-positive rate with its SOC Infrastructure offering, making it truly distinct.
“We believe they are revolutionizing the industry by providing MSSPs with the foundation to build a world-class, state-level product with fewer resources and expenses.
“This enables MSSPs to provide better and more cost-efficient service to their customers while significantly extending their offering. CYREBRO has shown significant growth in a challenging market, and we’re confident that Nadav and his team will continue to drive the business forward.”
In other CyberTech news, data security platform Dig raised $34m in its Series A. The investment was led by San Francisco-based investor SignalFire.
Dig claims to be the industry’s first and only solution to combine data security posture management, data loss prevention and data detection and response.
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