Cyware Raises $30m to Expand AI-powered Cyber Fusion Platform

Cyware, a provider of AI-powered cyber fusion platforms, announced a $30 million Series C financing round led by Ten Eleven Ventures, a multi-stage investment firm specializing in cybersecurity.

Also participating are previous investors including Advent International, Zscaler, Emerald Development Managers, Prelude (the venture practice at Mercato Partners) and Great Road Holdings.

The Series C financing comes as Cyware has experienced strong year-over-year growth propelled by market adoption, customer retention and large-market access.

Since Series A financing, Cyware growth has multiplied by six, consolidatits its position as a leader for threat intelligence automation, security orchestration and collaborative threat response solutions.

The Cyware platform has become the backbone of global Threat Sharing Networks. Almost all major ISACs (Information Sharing and Analysis Centers), ISAOs, and CERTs use Cyware’s platform to automate threat intelligence sharing, analysis, and actioning for more than 30,000 enterprise members and government entities.

The platform also enables large conglomerates, industry groups, and private communities to activate and share threat intelligence with their distributed businesses, clients, and suppliers, and benefit from automated collective defense against ransomware, supply chain attacks, and zero-day vulnerabilities.

“Security teams today face an overwhelming amount of data, but silos across data, processes, and technologies make it very challenging to see the bigger picture and proactively stop threats,” said Anuj Goel, Cyware CEO and Co-founder. “Our mission at Cyware is to break down these silos, integrate threat intelligence into SOC operations, make it easy for teams to automate response, and act immediately to anticipate and stop threats.”

Cyware plans to leverage this new round of funding to fuel further growth and accelerate channel business and strategic alliances while expanding its global footprint.

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