Cybersecurity startup CyCognito raises $23M in Collection A funding

Cybersecurity startup CyCognito raises $23M in Collection A funding

CyCognito, a cybersecurity platform that goals to offer visibility into an organization’s safety weak spots, has raised $18 million in its Collection A spherical of funding.

Lightspeed Companions led the fundraise, which included a private funding from Lightspeed enterprise associate and former Microsoft chairperson John Thompson, and extra participation from Sorenson Ventures.

CyCognito says its software-as-a-service platform can “autonomously uncover, enumerate, and prioritize every group’s safety dangers based mostly upon a world evaluation of all exterior assault surfaces.” In different phrases, it measures an organization’s total assault floor, searching for holes and flaws, which may very well be exploited by malicious actors. It does this by sustaining tens of hundreds of bots which spiders out throughout the web, searching for internet-connected and uncovered gadgets. With that database of digital belongings, the corporate appears for points that may very well be used for assaults.

The startup says its platform already in use by “dozens” of company prospects, throughout healthcare, hospitality and monetary verticals.

Now with $18 million within the financial institution, CyCognito says it plans to broaden its engineering and gross sales groups to succeed in extra enterprise shoppers.

Two years because the firm’s founding, its management web page consisted of solely males.

Chief govt Rob Gurzeev stated the corporate was “actively in search of to rent extra girls and non-binary individuals into senior roles” and “actively encourages progress of variety in its workforce.”

After TechCrunch raised lack of variety with CyCognito, the corporate shortly modified its management web page to incorporate one girl.

Up to date to appropriate the funding quantity. 

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