Cynet, a New York, NY- and Tel Aviv, Israel-based developer of a cybersecurity solution for detection and remediation of advanced and unknown threats, raised $7m in funding.
Lazarus, a U.S.-based hedge fund, made the investment.
The company, which also has the option to take additional funding from Lazarus, intends to use the funds to continue to develop its threat detection and response technology, while expanding its worldwide presence.
Founded in 2015 by Eyal Gruner, Idan Amir, and Boaz Zilber, Cynet provides an agentless solution for detection and remediation of advanced and unknown threats, such as unsigned malware and zero day attacks. The company’s flagship product, Cynet 360, correlates and analyzes indicators from files, network, endpoints and user behavior to uncover threats, which have bypassed the prevention layer. An integrated 24/7 SOC ensures the validity of threats, assisting customers with remediation while eliminating false positives.
Cynet already serves a global client base that includes dozens of large-scale enterprises in finance, healthcare, government, retail, and industrial sectors among others.