Cynet, an Israeli-based autonomous breach protection start-up, has recently raised $40 million in series C funding to expand its AI-powered endpoint security and response services in North America and Europe. The leading investment was from Greenfield Partners, but the financing round also included other existing investors like Norwest Venture Partners, Ibex Partners, Deutsche Telekom Capital Partners, BlueRed Partners, and Merlin Guffaw.
The company was founded in 2015 and provides a next-generation endpoint security platform that detects, gleans insights and responds effectively to cyber threats by incorporating AI security tools and technologies that anticipate and defend against complex malicious attacks. It currently has more than 1,000 customers worldwide, including Fortune 500 companies like Coca-Cola, Booking.com, and Finastra.
The company’s growth objective is to expand to new markets and extend its partner ecosystem as well as its own team. The funding will enable the company to expand its R&D, engineering, and product teams, as well as its supporting marketing and sales operations.
According to Eyal Gruner, co-founder, and CEO of Cynet, “Our recent funding has been a great opportunity to extend our marketing platform and partner with some of the leading names in the cybersecurity industry. We believe that the next chapter of Cynet’s growth story will be written together with Greenfield and our existing partners.”
The company’s comprehensive endpoint security and response solutions comprise an integrated platform that includes threat intelligence services, vulnerability assessments, endpoint detection and response, and threat hunting. Cynet’s unique autonomous breach protection detects, analyzes, and eliminates cyber threats that other cybersecurity solutions may miss.
“Ultimately, the proactive endpoint security market is expected to hit $17.2 billion in 2026, and we’re encouraged that Cynet is well-positioned to pioneer this growing industry,” said Shane Molidor, Partner of Greenfield Partners.
As an enterprise-grade cybersecurity service provider, Cynet has established significant credibility in the industry by being a Blue Partner and Platinum member of the Microsoft Intelligent Security Association. The company has teamed up with other leading security software like Symantec, CrowdStrike, SentinelOne, and Carbon Black.
With this new funding, Cynet expects to foster its reputation and further expand its partnership account base, venture into emerging markets, and reach out to new potential customers.
Israel’s Cynet, Which Provides AI-Powered Endpoint Security And Response To Stop Cyberattacks, Raises $40M Series C To Help It Expand In N. America And Europe Duncan Riley SiliconANGLE