June 28, 2018 | Cynet, an Israeli cybersecurity startup which has developed a platform to make protection, prevention, and detection and remediation of cyber threats and attacks easier over an enterprise’s internal network, has raised $13 million in a Series B funding round, the company announced in a statement Wednesday. The round was led by California-based investment firm Norwest Venture Partners, serial cyber investor Shlomo Kramer, and returning investors Ibex Investors. The company says the investment will boost their rapid growth as they continue to help organizations of all sizes “make cybersecurity easy.”
“Cynet brings to market a solution which is truly leveling the playing field for businesses looking to protect the internal network,” said Kramer. “For the first time, any size organization can implement the same grade security as large enterprise organizations, regardless of their size and regardless of limited resources or budget. The Cynet 360 platform saves organizations time, manpower and money while giving them the backing of frontline protection, detection, and response, as well as Cynet’s 24/7 expert SOC.”
Founded in 2015, the Tel Aviv-based firm offers what they call a “holistic detection and response” effort, through their software platform Cynet360, which secures an organization’s network in under two hours and offers personalized CySoc experts to provide prevent and respond to threats 24 hours a day.