- Cyware — the leading provider of cyber fusion solutions — has raised a $10 million Series A round of funding to enhance its threat intelligence automation
Cyware — the leading provider of cyber fusion solutions — has raised a $10 million Series A round of funding to enhance its threat intelligence automation, threat response, and security orchestration solutions. This funding round was led by the Prelude Fund (the venture practice at Mercato Partners) and Tanium (a provider of unified endpoint management and security). Cyware’s seed investors Emerald Development Managers and Great Road Holdings also joined the round.
The company’s virtual cyber fusion solution is the next evolution of Security Orchestration, Automation and Response (SOAR). And it emphasizes proactive engagement as the core of cybersecurity strategy. The company’s goal is to help change the ecosystem of cybersecurity and optimize security operations by eliminating silos for security teams.
Cyware plans to use the funding to expand its sales and marketing, double down on customer success, and continue use case innovation and product enhancements to its situational awareness platform (CSAP), threat intelligence eXchange (CTIX), security orchestration layer (CSOL) and fusion and threat response (CFTR).
KEY QUOTES:
“This latest financing round is an important milestone in Cyware’s journey. It strengthens our ability to continue our growth and become a more innovative, customer-centric company. As organizations begin to understand and address cybersecurity realities amid COVID-19, we’ve grown aggressively and expanded our solution and client portfolio to meet their evolving security needs. We wanted visionary investors who understand cybersecurity and can be our partners for long-term growth.”
— Anuj Goel, CEO and co-founder of Cyware
“We are thrilled to partner with Cyware on their mission to better predict and prevent attacks through cyber fusion and a collective defense. Because cyberattacks are increasingly sophisticated and damaging and the pandemic is driving long-term remote work, Cyware’s proactive solutions deliver decision makers the tools and protections they need.”
— Zach Sivertson, managing director at Prelude
“Our joint customers believe that Cyware is advancing the state of the art of security operations, building on security orchestration and automation and fusing it with threat intelligence and triage to help teams surface and respond to the most critical threats. Our investment in Cyware and partnership with them will accelerate our joint value to our customers in this emerging category.”
— Orion Hindawi, co-founder and co-CEO of Tanium
