Cyware, a New York-based provider of AI-powered cybersecurity solutions for enterprises and MSSPs, raised $30M in Series A funding.
The round was led by Ten Eleven Ventures, with participation from Advent International, Zscaler, Emerald Development Managers, Prelude (the venture practice at Mercato Partners) and Great Road Holdings.
The company intends to use the funds to further growth and accelerate channel business and strategic alliances while expanding its global presence.
Led by CEO Anuj Goel, Cyware provides a cloud-based platform that integrates the AI-powered threat intelligence platform (TIP) with data orchestration and workflow automation (SOAR), to facilitate and synchronize actions between cloud and on-premises security tools and technologies. This enables security teams to connect the dots on emerging threats by correlating actionable threat intelligence with detection, threat hunting, vulnerability management, and incident response operations. Its Cyber Fusion platform is modular, and the underlying TIP, SOAR, and Collaborative Threat Response components can be leveraged in combination or individually by security teams providing them flexibility in transforming conventional SOCs.
The platform has become the infrastructure of global Threat Sharing Networks. Almost all major ISACs (Information Sharing and Analysis Centers), ISAOs, and CERTs use it to automate threat intelligence sharing, analysis, and actioning for more than 30,000 enterprise members and government entities. The platform also enables large conglomerates, industry groups, and private communities to activate and share threat intelligence with their distributed businesses, clients, and suppliers, and benefit from automated collective defense against ransomware, supply chain attacks, and zero-day vulnerabilities.
Cyware is widely deployed by enterprises, government agencies, and MSSPs.
FinSMEs
29/06/2023