The surge in venture capital bets on startups in the nascent attack surface management business continued apace Wednesday with Israeli risk management firm CyCognito announcing a new $100 million funding round.
The surge in venture capital bets on startups in the nascent attack surface management business continued apace Wednesday with Israeli risk management firm CyCognito announcing a new $100 million funding round.
CyCognito, which maintains headquarters in Tel Aviv and offices in Silicon Valley, has raised a total of $153 million since launching three years ago with a platform to help businesses manage attack surfaces on a continuous basis.
The new $100 million Series C round was led by the Westly Group and included money from new investors Thomvest Ventures and The Heritage Group. The company said its earliest backers -- Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest -- also joined the round.
CyCognito sells a platform that let’s security teams identify attack surfaces, discover attack vectors, monitor risks associated with subsidiaries, and validate an organization's security posture.
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The company’s automated platform scours the Internet to collect data and combines it with machine learning to map Internet-exposed assets, determine their business context and detect attack vectors.
CyCognito said it has found success with the platform among large enterprises, noting that Fortune 500 companies like Colgate-Palmolive, Tesco and Scientific Games Corporation are among customers getting full visibility and context into risk to preempt potential attacks
The company says defenders can use its technology to autonomously build a graph data model that represents an organization's business structure -- from company name, to departments, subsidiaries, acquisitions and brands an organization owns. The platform then scans billions of servers and devices across the Internet to contextualize and identify internet-exposed and unmanaged assets that could serve as entry points for attackers.
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