Cynomi has secured $37 million in funding for its innovative cybersecurity solution designed for small and medium-sized businesses (SMBs). The company, co-led by Insight Partners and Entrée Capital, aims to provide businesses with an intelligent solution to tackle rising cyber threats through its AI-based “virtual CISO”, which offers scalable security operations support.
Key Points
- Cynomi has raised $37 million in Series B funding to enhance its AI-driven virtual Chief Information Security Officer (vCISO) services for SMBs.
- Small and medium businesses face increasing cybersecurity threats, with one in three experiencing data breaches last year.
- The virtual CISO helps SMBs manage security policies, assess networks, and streamline ongoing security operations.
- Cynomi’s services are resold through managed service providers, enabling distribution to thousands of SMBs, particularly in the U.S. market.
- The funding will be allocated to research, development, and further business expansion into European markets.
- Cynomi’s innovative approach aims to fill a significant gap in the cybersecurity consulting space, projected to be worth $163 billion.
Why should I read this?
If you’re part of the SMB world and haven’t thought much about cybersecurity yet, you really should! With increasing attacks targeting smaller businesses, Cynomi’s new funding and AI approach could be the very thing that helps keep your organisation safe. It’s like having a top-notch security advisor on your team but without the hefty price tag. We’ve broken it down for you, so give it a read and stay ahead of cyber threats!