Cyware, a New York-based provider of AI-powered Cyber Fusion platforms for enterprises and MSSPs, has announced a $30 million Series C financing round.
The round was led by Ten Eleven Ventures, a cybersecurity-focused investment firm. Previous investors, including Advent International, Zscaler, Emerald Development Managers, Prelude, and Great Road Holdings also participated in the round.
With the new funding, Cyware plans to drive further growth, accelerate its channel business and strategic alliances, and expand its global presence.
The company’s platform integrates an AI-powered threat intelligence platform (TIP) with data orchestration and workflow automation (SOAR) to facilitate synchronized actions between cloud and on-premises security tools.
The modular nature of Cyware's Cyber Fusion platform offers flexibility for security teams to leverage the TIP, SOAR, and Collaborative Threat Response components individually or in combination, enabling the transformation of conventional SOCs.
“Security teams today face an overwhelming amount of data, but silos across data, processes, and technologies make it very challenging to see the bigger picture and proactively stop threats," said Anuj Goel, Cyware CEO, and Co-founder.“Our mission at Cyware is to break down these silos, integrate threat intelligence into SOC operations, make it easy for teams to automate response, and act immediately to anticipate and stop threats.”
Cyware's cloud-based platform is used by Fortune 1000 companies and MSSP security teams to transform their traditional security operation centers (SOCs) into Cyber Fusion Centers.
Company: Cyware Labs, Inc.
Raised: $30.0M
Round: Series C
Funding Month: June 2023
Lead Investors: Ten Eleven Ventures
Additional Investors: Advent International, Zscaler, Emerald Development Managers, Prelude, and Great Road Holdings
Company Website: https://cyware.com/
Software Category: AI-powered Cyber Fusion Platform
About the Company: Cyware is a provider of AI-powered Cyber Fusion platforms for enterprises and MSSPs, and automated threat intelligence sharing for information-sharing networks. Cyware delivers an innovative approach to cybersecurity that unifies threat intelligence, automation, threat response, and vulnerability management with data insights gleaned from assets, users, malware, attackers, and vulnerabilities. Cyware’s Cyber Fusion platform integrates SOAR and TIP technology, enabling collaboration across siloed security teams. Cyware's platform serves as the backbone of global Threat Sharing Networks, with major ISACs, ISAOs, and CERTs using it to automate threat intelligence sharing, analysis, and actioning for over 30,000 enterprise members and government entities.
Source: https://www.businesswire.com/news/home/20230629762901/en/Cyware-Raises-30-Million-to-Accelerate-Expansion-of-AI-Powered-Global-Cyber-Fusion-and-Threat-Sharing-Networks