Led · Series A · Aug 2020

Cyware builds a platform that integrates threat intelligence, threat hunting, vulnerability and incident data and provides no-code and low-code capabilities for automating security operations. The platform includes collaboration features that let enterprise security teams and third-party vendors share threat intelligence in real time and hosts a network connecting teams with threat data providers. Cyware uses AI to extract and score threat intelligence, cluster similar threats, generate reports with key insights, provide code suggestions for security orchestration, and create detection rules and signatures for existing systems. The company was founded in 2016 by Anuj Goel and Akshat Jain and employs over 200 people. Cyware says it has a growing customer base that includes Fortune 1000 companies, government agencies and regulatory bodies, and does not plan to grow headcount in the near term. It plans to use the Series C proceeds to expand go-to-market efforts, market presence, channel business and strategic partnerships. Cyware is a New York startup that provides a Virtual Cyber Fusion platform enabling organizations to build and operate virtual cyber fusion centers for threat intelligence sharing, security automation, and coordinated responses. The platform leverages security orchestration, automation and response (SOAR) to help teams collaborate, improve threat scoring, and respond to alerts across IT, compliance, trust & safety, and security functions. Customers include large enterprises, information sharing communities (ISACs), managed security service providers, and computer emergency response teams. Cyware reported 120% year-over-year growth in annual recurring revenue but does not disclose absolute revenue figures. The company says it will use the new funding to continue growing the business, expand its team, and improve its platform to better unite security operations and threat intelligence teams. Prior to this round the startup had raised around $13 million; it is not disclosing its valuation. Cyware delivers a Virtual Cyber Fusion Center platform built around next-generation SOAR technology. The platform includes threat intelligence (TIP), vendor-agnostic security automation, and security case management designed by SecOps practitioners. Cyware's solutions aim to increase speed and accuracy while reducing costs and analyst burnout for enterprise security teams. The company targets enterprises, sharing communities (ISAC/ISAO), MSSPs, and government agencies. Leadership says recent investments and hires will support the build-out of a sustainable, scalable cybersecurity business. The announcement followed recent executive appointments to the leadership team. Cyware offers a suite of virtual cyber fusion solutions, including a situational awareness platform (CSAP), threat intelligence eXchange (CTIX), a vendor-agnostic security orchestration layer (CSOL), and fusion and threat response (CFTR). The company positions separate but integrated capabilities—an advanced threat intel platform (TIP), SOAR automation, and security case management—to increase speed and accuracy while reducing costs and analyst burnout. Cyware serves enterprises, sharing communities (ISAC/ISAO), MSSPs, and government agencies. Led by CEO and co-founder Anuj Goel, the company focuses on secure collaboration, information sharing, and enhanced threat visibility. Cyware raised $10M in a Series A to support product enhancements and continued use-case innovation. The company plans to use the funds to expand sales and marketing and double down on customer success. Cyware Labs develops threat intelligence sharing and cyber fusion product-based security solutions, including Cyware Fusion and Threat Response (CFTR), Cyware Threat Intelligence eXchange (CTIX), and Cyware Situational Awareness Platform (CSAP). CFTR is positioned as a “Cyber Fusion Center–in-a-box” for intel and ops teams; CTIX is a client-server Threat Intelligence Platform for ingestion, enrichment, and AI-based analysis; CSAP delivers mobile-powered strategic threat intelligence and real-time alerts. The company announced it raised $3 million in seed funding and will deploy the capital to support research and product development, accelerate sales and marketing, and expand its global footprint by strengthening partnerships in the Asia-Pacific and Gulf regions. Cyware reported a rapidly growing roster of clients and has diversified its customer base to include Fortune 500 organizations across financial services, healthcare, energy, and retail, as well as ISACs/ISAOs, MSSP, and National CERTs. The company also cited key appointments to its board of advisors and momentum in threat intelligence, situational alerting, and orchestrated threat response.