The Venture Codex

Participated · Series B · Jun 2020

Cynet offers an Autonomous Breach Protection platform that natively integrates cross-layered detection and response across endpoint, user and network layers. Its platform includes an incident engine that fully automates investigation and remediation actions. The company also provides a 24/7 Managed Detection and Response (MDR) service. Cynet is led by co-founder and CEO Eyal Gruner. The company announced it will use the funds to expand its business reach in North American and European markets. Cybersecurity researcher Chris Roberts joined as Chief Security Strategist to help guide organizations on consolidation and automation of security solutions. Cynet offers an autonomous breach protection platform that consolidates and automates monitoring and control, attack prevention and detection, and response orchestration across the entire environment. It delivers these capabilities by continuously collecting and analyzing endpoint, user, file and network activities across the protected environment. The company raised $18M in a Series B+ round and has now raised a total of $38M. Founded in 2015 by Eyal Gruner and Netanel Amar, Cynet is based in New York City and Rishon Le'Zion, Israel. It intends to use the funds to expand in the U.S. and international markets and to further develop its CyOps team. Cynet develops the Cynet 360 holistic detection and response platform, a single enterprise-grade solution that enables organizations to protect, prevent, detect and remediate threats without managing multiple technologies. The platform bundles Endpoint Detection & Response, User & Entity Behavior Analytics, Network Analytics, deception capabilities and a 24/7 CySoc to provide rapid, automated response and remediation. Cynet says the platform implements, analyzes and begins detecting across tens of thousands of endpoints in under two hours, can cover thousands of endpoints in minutes, and that millions of endpoints worldwide are protected by Cynet 360. By consolidating multiple security functions into one solution, Cynet targets small and medium enterprises that lack resources to select, integrate and manage dozens of products. Management states the company will use the new funding to bolster rapid growth and continue product development, enabling any size company to achieve enterprise-grade security while saving time, manpower and money. Cynet offers an agentless detection and remediation solution for advanced and unknown threats, including unsigned malware and zero‑day attacks. Its flagship product, Cynet 360, correlates and analyzes indicators from files, network, endpoints and user behavior to uncover threats that bypass prevention layers. An integrated 24/7 SOC validates threats and assists customers with remediation while reducing false positives. The company serves a global client base that includes dozens of large-scale enterprises across finance, healthcare, government, retail and industrial sectors. Cynet plans to use new funds to continue developing its threat detection and response technology and to expand its worldwide presence. The company was founded in 2015 and operates from New York and Tel Aviv.

Led · Series B · Jun 2019

Cyber Observer offers an internal cyber hygiene management solution built on a patented core engine and Critical Security Controls (CSCs) measurements to present enterprise-wide cybersecurity status and preparedness. The platform alerts organizations to breaches and threats as they arise and recommends actions to secure critical infrastructure across the security environment. The company was co-founded by Shimon Becker (VP Product) and Moti Ram (VP R&D) and is led by CEO Itzik Weinstein. Today the technology is used by dozens of global large-scale enterprises to address complex management and technical challenges. Cyber Observer raised $8M in a Series B to support product expansion and extend its U.S. reach. The business is based in Tysons, Va. Cyber Observer, founded in 2011, builds cybersecurity infrastructure tools aimed at consolidating security management reports from all parts of an enterprise's security ecosystem. The company positions its product to help businesses manage complex IT works by centralizing reporting and oversight. It plans to use the newly raised funds to invest in research and development. Cyber Observer also intends to expand internationally to meet growing demand for managing cybersecurity risks. The article does not disclose operating metrics such as revenue or users.

Led · Equity · Jan 2018

Centerity offers a unified enterprise-class IT operations and management platform that collects, combines, and analyzes metrics across IT, Cloud, and Edge layers to deliver end-to-end visibility and business-service SLAs. The platform presents advanced visualizations and corrective-action tools to isolate faults, identify root causes, and reduce NOC redundancy and MTTR. Customers report up to 80 percent cost reduction for NOC operations and real-time business and operational SLA dashboards. The company serves hundreds of customers worldwide, including enterprise organizations, managed service providers, technology manufacturers, Fortune 500 companies, and government agencies. Centerity has offices in Boston, MA and Israel and announced a $10 million investment from Merlin International. Proceeds will be used to double its R&D center and expand sales, marketing, and distribution while accelerating work on machine learning, AI, and further automation of BSM analysis.