Cymulate, a Rishon Lezion, Israel-based SaaS-based Breach and Attack Simulation (BAS) platform provider, a $7.5M Series A funding round.
The round was led by Vertex Ventures and Dell Technologies Capital, the investment arm of Dell Technologies, with participation from Susquehanna Growth Equity (SGE) and Eyal Gruner.
The company, which has now raised $11M in total, intends to use the funds to continue to expand operations in the United States, adding key leadership positions and investing further in the research team to enhance the platform’s functionality.
Founded in June 2016 by cyber security veterans Avihai Ben-Yossef and Eyal Wachsman, alongside Eyal Gruner, a serial entrepreneur and investor in cybersecurity startups, Cymulate provides a BAS platform that enables organizations to automatically assess their overall security posture, continuously validating that security measures and controls are working as expected. The platform, deployable within minutes, offers the largest range of attack vectors in the industry covering pre-exploitation, exploitation and post-exploitation stages of an attack kill-chain: Email, Web Gateway, Web Application, Phishing, Endpoint, Lateral Movement, Data Exfiltration and Immediate Threats.
In less than three years, the company has launched its technology in key markets across all industry verticals, with customers in North America, Europe, Asia, and Australia.