Cymulate Raises $45M in Series C Funding for Continuous Security Testing Led by One Peak
NEW YORK and RISHON LETZION, Israel, May 5, 2021 /PRNewswire/
Cymulate, the industry standard SaaS based Continuous Security Validation platform leveraging the MITRE ATT&CK framework end-to-end, announced today a Series C funding round of $45M, led by
One Peak, together with existing investors
Susquehanna Growth Equity (SGE),
Vertex Ventures Israel,
Vertex Growth and
Dell Technologies Capital. Cymulate has raised $71M to date, including a seed investment from Eyal Gruner.
The funding will be used to further accelerate Cymulate s impressive growth as the company closed 2020 with double the revenue year-over-year and grew its staff by over 150%. Cymulate serves hundreds of customers including leading enterprises and F500 companies and most recently announced a partnership with global telecom giant
Cymulate Announces Exceptional Revenue and Company Growth in 2020
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NEW YORK and RISHON LETZION, Israel, Jan. 13, 2021 /PRNewswire/
Cymulate, the only SaaS-based Continuous Security Validation platform to operationalize the MITRE ATT&CK® framework end-to-end, today announced it has achieved 200% revenue growth globally and 300% growth in North America in 2020 new bookings. The company attained 90% customer retention with the number of employees increasing by over 150% over the last 12 months as operations extended across Europe and the US to support sales.
New partnerships established in 2020 with Pax8, a cloud solutions provider and Ingram Micro, one of the largest technology solution enablers as well as more expected partnerships, are one of the key factors expected to fuel 2021 s growth. Cymulate became the only BAS vendor to offer its solution through the AWS Marketplace, enabling security validation customers to immedi