Israeli cyber threat intelligence company Cyberint, announced this week the completion of a $40 million funding round to accelerate its business growth, further develop and expand the company’s SaaS Threat Intelligence and Attack Surface reconnaissance platform Argos Edge, and expand its sales and marketing teams.
The round was led by the Late Stage Arm program of venture capital firm StageOne Ventures, alongside tech investor Neva SGR, and Israeli-based tech growth capital fund Viola Growth.
Founded in 2010, Cyberint provides organizations with extensive visibility into their external risk exposure by combining threat intelligence with attack surface reconnaissance. The company’s platform leverages automatic discovery of open, deep, and dark web risk analysis to enable cybersecurity teams to detect digital risks earlier.
With tens of millions of dark web items, phishing attempts, and leaked credentials identified on a monthly basis, Cyberint‘s ability to provide early warnings ahead of thousands of cyber-attack attempts has become critical to its customers’ security programs.
“We’re extremely fortunate to be backed-up by such prominent investors,” said Yochai Corem, CEO of Cyberint. “Cybercrime is on exponential rise, with damages predicted to hit $10.5 trillion annually by 2025. Now, more than ever, the need for focused, proactive threat intelligence is in high demand. Argos users are able to gain better understanding and protection against their most relevant known and unknown risks.”
“There are countless players in the cyber arena making it extremely difficult to find a company with a product and track record to become a go-to solution,” said Yossi Vinitski, partner at StageOne Ventures. “With Cyberint, we believe we’ve found the timing, product, and perhaps most importantly, the team to make that happen.”