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Cybersecurity startup Cymulate raised $70 million in funding

by Babu Patil
Cybersecurity startup Cymulate raised $70 million in funding

Cymulate, a cybersecurity startup, raised $70 million in Series D funding.

 One Peak led the round with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital.

Including the latest round, Cymulate has raised $141 million to date. The new investment accelerates the company’s global expansion and innovation.

 Cymulate has onboarded more than 500 clients globally, including Optiv and Wipro.

 David Klein, the Managing Partner of One Peak, said: “Cyber posture management and continuous security validation have dramatically increased in popularity in response to the onslaught of ransomware and cyber warfare for businesses across all size ranges. Cymulate is the clear leader in the sector, and we look forward to continuing to support the company in further accelerating its already strong growth trajectory.”

 The cost of cybercrime could hit $10.5 trillion by 2025, growing at an alarming rate of 15% each year. Cymulate’s SaaS-based Extended Security Posture Management (XSPM) allows security professionals to continuously test, validate, and optimize their on-premises and cloud cyber-security posture. It gives an open framework for developing and automating red and purple teaming by making penetration scenarios and advanced attack tactics. All levels of cybersecurity maturity can use the platform to get automated, expert, and threat intelligence-led risk assessments. ...

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