CYRISMA: Leading Risk Management Platform Raises $7 Million (Series A)

By Amit Chowdhry • Oct 14, 2024

CYRISMA, an all-in-one risk management platform, announced a Series A funding round. Led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures, the funding will accelerate CYRISMA’s platform development, fuel customer success, and expand sales and marketing initiatives.

CYRISMA accelerates security programs for MSPs by offering a cost-effective and all-in-one solution to identify, prioritize, and remediate vulnerabilities, track compliance requirements, and manage AI security risk.

KEY QUOTES:

“In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers. This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness.”

-Liam Downward, co-founder and CPO of CYRISMA

“With the rise of security threats for SMBs, there’s been an increasing number of businesses outsourcing their cybersecurity to MSPs. This has accelerated demand in the market for strong, multi-tenant cybersecurity solutions for MSPs to best serve their clients.” He added, “We were drawn to the breadth of the CYRISMA platform and their strong customer satisfaction. Oliver Downward, CEO, Liam, and the team have an unparalleled insight into the MSP market, and we’re honored to partner with CYRISMA during their next phase of growth.”

-Blueprint Equity’s Sheldon Lewis – who will join CYRISMA’s Board of Directors