What is Cynet?
Founded in 2015 and headquartered in New York City, Cynet offers an automated security platform that provides comprehensive protection against breaches by discovering and mitigating all threat vectors throughout every stage of an attack. The company's technology aims to deliver unified security operations, consolidating endpoint protection, network security, and user behavior analytics into a single, intelligent platform. This integrated approach allows organizations to achieve greater visibility and control over their security posture, reducing complexity and enhancing response times.
How much funding has Cynet raised?
Cynet has raised a total of $65M across 3 funding rounds:
Series A
$7M
Series B
$18M
Series C
$40M
Series A (2016): $7M with participation from Lazarus
Series B (2020): $18M led by Deutsche Telekom, Ibex Investors, BlueRed Partners, Merlin International, and Norwest Venture Partners
Series C (2021): $40M supported by Deutsche Telekom AG, BlueRed Partners, Norwest Venture Partners, Greenfield Partners LLC, and Vintage Investment Partners
Key Investors in Cynet
Deutsche Telekom
Deutsche Telekom AG is a Germany-based integrated telecommunications provider, offering a broad portfolio of services in telecommunications and information technology.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm headquartered in Palo Alto, California, with a focus on technology and healthcare.
Vintage Investment Partners
Vintage Partners is a commercial real estate development and investment company specializing in adaptive reuse and asset revitalization, focusing on revitalizing past assets for future development.
What's next for Cynet?
The substantial enterprise-level funding, culminating in the recent major strategic investment, positions Cynet for accelerated growth and market penetration. This capital infusion is expected to drive further innovation in its security platform, enhance its global reach, and expand its customer base. Cynet's focus on automated threat discovery and mitigation aligns with the increasing demand for advanced cybersecurity solutions in an evolving threat landscape. The company is poised to leverage this backing to solidify its standing as a leader in the cybersecurity sector, offering robust protection against sophisticated cyber threats.
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