Cymulate, a Dallas, Texas-based market leader in Extended Security Posture Management (XSPM), announced a $70 million Series D funding round, bringing Cymulate’s total amount raised to $141 million.
The round was led by existing investor One Peak and joined by Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital.
The Series D funding will be used to expand Cymulate's technological capabilities and accelerate its global expansion. Cymulate intends to increase its workforce by 75% by the end of the year to support its go-to-market efforts.
“Our funding from existing investors is a further testament to their confidence in our company, direction, and continued vision. We look forward to reaching our next innovation milestones and expanding into new markets across the globe.” Eyal Wachsman, CEO and Co-Founder of Cymulate, said.
Along with their Series D funding, Cymulate also announced two C-level executive appointments to strengthen the company's leadership: Maria Mastakas as Chief Operating Officer and Carolyn Crandall as Chief Marketing Officer and Chief Security Advocate.
Company: Cymulate Ltd.
Raised: $70.0M
Round: Series D
Funding Month: September 2022
Lead Investors: One Peak
Additional Investors: Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital
Company Website: https://cymulate.com/
Software Category: Extended Security Posture Management (XSPM)
About the Company: Founded in June 2016 by cyber security veterans Avihai Ben-Yossef and Eyal Wachsman, alongside Eyal Gruner, a serial entrepreneur and investor in cybersecurity startups, Cymulate’s SaaS-based Extended Security Posture Management (XSPM) provides security professionals with the ability to continuously challenge, validate, and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert, and threat intelligence-led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies. The company more than doubled its ARR in 2021 and grew more than 200% in North America alone. Cymulate has more than 500 customers globally, including Fortune 500 companies and strategic partners such as Optiv and Wipro.
Source: https://cymulate.com/news/series-d-funding/