Cynet Raises $40M in Series C Funding


Cynet, a Boston, MA-based provider of an autonomous XDR platform, closed a $40m Series C funding.

The round was led by Greenfield Partners with participation from existing investors Norwest Venture Partners, Vintage Investment Partners, BlueRed Partners and Deutsche Telekom.

The company intends to use the funds to expand its business reach in the North American and European markets.

Led by Eyal Gruner, Co-Founder and CEO, Cynet provides an Autonomous Breach Protection platform that natively integrates cross-layered detection and response (XDR) endpoint, user and network attack prevention and detection capabilities with an incident engine that fully automates investigation and remediation actions, backed by a 24/7 24/7 Managed Detection and Response (MDR) service.

The company is also announcing that cybersecurity researcher Chris Roberts is joining the company in the role of Chief Security Strategist. Roberts will leverage his 20+ years’ security experience to assist and guide organizations of all sizes that are looking to simplify their cyber-security solutions and services through consolidation and automation.