Cymulate, a Rishon Lezion, Israel-based SaaS-based Breach and Attack Simulation (BAS) platform, raised $15M in Series B funding.
The round was led by Vertex Growth Fund with participation from other existing investing partners, including the investment arm of Vertex Ventures Israel, Dell Technologies Capital and Susquehanna Growth Equity (SGE).
The company, which has raised $26M to date, including seed investment from Eyal Gruner, intends to use the funds to accelerate further growth in the US, expanding sales, marketing and operational support to broaden the customer base, to broaden its approach beyond BAS by offering end-to-end security testing platform for the entire digital estate of organizations, incorporating on-prem, cloud, IoT and beyond.
Led by CEO Eyal Wachsman, Cymulate provides a SaaS-based breach and attack simulation platform that enables users to know and optimize their security posture any time, all the time and companies to safeguard their business-critical assets. To start, Cymulate challenges security controls by initiating thousands of attack simulations, showing users exactly where they are exposed and how to fix it—making security continuous, fast and part of every-day activities.
Simulations can be run on-demand or scheduled to run at regular intervals. Within minutes, the platform provides specific, actionable insights and data on where a company’s network is vulnerable, highlighting security gaps and mitigation procedures.
In less than three years, Cymulate has launched its technology across the US, EMEA and Asia, having acquired commercial and enterprise customers across all verticals, particularly in the financial services and healthcare sectors.