Cynomi, a startup focused on cybersecurity for small and medium businesses (SMBs), has successfully raised $37 million in funding to further develop its AI-based “virtual CISO” service. With malicious hackers increasingly targeting SMBs, the need for robust cybersecurity solutions is more pressing than ever, making Cynomi’s innovative approach particularly significant.
Key Points
- Cynomi raises $37M to enhance its AI-powered ‘virtual CISO’ service aimed at SMBs.
- Insight Partners and Entrée Capital co-led the funding round, increasing Cynomi’s valuation to over $140 million.
- The virtual CISO offers automated cybersecurity management, including threat assessment and security policy planning.
- Cynomi targets service providers to distribute its solutions, creating a tailored experience for SMBs.
- 80% of Cynomi’s clients are in the U.S., with plans for expansion into European and other markets.
Why should I read this?
If you’re interested in the evolving landscape of cybersecurity, especially for small businesses, this article is a must-read! Cynomi’s approach highlights the increasing importance of affordable, effective cybersecurity solutions in a world where hackers are shifting focus to smaller targets. It’s a game-changer for SMBs looking to safeguard their operations without breaking the bank.