XM Cyber, a Herzliya, Israel-based provider of the an automated APT simulation and remediation platform, closed a $22m Series A funding.
Backers included Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, LP and UST Global, among others.
The company, which has now raised a total of $32m, following a previous seed round of $10m from Swarth Group, will use the funding to accelerate its growth through expanded sales, marketing and engineering programs.
Co-founded by CEO Noam Erez, President Tamir Pardo and CTO Boaz Gorodissky, XM Cyber provides an automated APT simulation platform to continuously expose attack vectors, above and below the surface, from breach point to any organizational critical asset.
HaXM continuously leverages a multitude of offensive methods to expose the most critical blind spots and uncover hidden attack vectors. It then provides data-driven remediation focused on the organization’s critical assets, thus reducing the company’s IT risk and enabling it to optimize its cyber resources.
Customers include financial institutions and critical infrastructure organizations across North America, Europe, Israel and Australia.