- Cyber hygiene platform company Cyber Observer announced it raised $8 million in Series B funding
- This round of funding was led by Merlin International
Cyber Observer, a “cyber hygiene” platform company that provides guidance and scoring to enterprises across the diverse cybersecurity tool ecosystem, announced it has raised $8 million in Series B funding.
Merlin International led the Series B round of funding. And the funding round will be extending Cyber Observer’s solution reach in the U.S. market with the organization’s robust sales and engineering teams.
Cyber Observer’s solutions provide continuous monitoring and actionable insights that allow an organization to ensure cyber hygiene, compliance to frameworks, and fully optimized tool configuration across an organization’s security ecosystem with a single solution. And the platform Cyber Observer built enables Chief Security Officers, Chief Compliance Officers, and IT executives to secure their organizations from cyber-threats.
Founded by VP of Product Shimon Becker and VP of Research & Development Moti Ram, Cyber Observer was the result of experience in large scale and complicated software development within the Israeli Prime Minister Office’s Center for Computing and Information Systems. Now the technology is used by dozens of global large-scale enterprises in coping with complex management and technical challenges.
“Merlin is the ideal strategic investor that we had hoped for, with a strong presence in the U.S. market, and the management and cybersecurity expertise that will help our company grow. Together, we will extend our tools-agnostic cyber hygiene management platform that allows CISOs, InfoSec Managers and their teams the ability to gauge current security posture across all tools and security domains in the U.S. market and beyond,” said Cyber Observer CEO Itzik Weinstein. “Today’s enterprises are faced with a diverse IT ecosystem, leaving many to be ineffectively leveraging existing tools. With Cyber Observer, we are giving back visibility and control to increase an organization’s overall cybersecurity posture using the existing solutions they have in their infrastructure.”
Cyber Observer helps organizations by providing immediate and actionable steps for ensuring tools are correctly configured and deployed while providing continuous monitoring to eliminate unapproved tool modifications. And the platform allows an organization to handle the complexity of a fragmented tool ecosystem while providing timely metrics on overall security posture.
“Maintaining continuous awareness and real-time visibility in today’s chaotic cybersecurity environment is difficult, if not seemingly impossible. Cyber Observer offers security teams, board members and C-level executives the rare opportunity to gain a unified view of their entire cybersecurity ecosystem,” added Merlin’s VP of Emerging Technology Seth Spergel. “Our investment in the company underscores our excitement about the solution Cyber Observer has built. Their leadership in this space, combined with the infusion of funding to expand the product even further, leaves us uniquely positioned to change how organizations think about and improve their cybersecurity posture going forward.”