Autonomous Breach Protection Startup Cynet secured $18 Million Funding

Cyent, a New York and Israel based Autonomous Breach Protection Company, has now secured $18 million in Series B+ funding round.

Cyent is founded by the Eyal Gruner and Netanel Amar in 2015. It offers an autonomous breach protection platform that consolidates and automates monitoring and control, attack prevention and detection, and response orchestration across the entire environment.

It delivers these capabilities by continuously collecting and analyzing all endpoints, files, and network activities across the protected environment.

Yishai Klein, Managing Partner, BlueRed Partners, said, "Cynet has the requisite talent and technology to succeed in the white-hot cybersecurity market, particularly automated breach protection, which continues to present growth opportunities to innovation leaders. Their support and success rate for organizational cybersecurity initiatives with respect to threat prevention, detection, and response have been very impressive. We are excited to lead this round as the company is well-positioned in the market to deliver highly differentiated and adaptive solutions. We look forward to helping the company expand into the Asia market."

Eyal Gruner, Co-Founder, and CEO of Cynet, said, "Having this esteemed list of investors participating in Cynet’s success is instrumental as we continue our evolution and enters the next phase of growth. This round of financing provides an additional runway to execute further with our growing family of partners and customers, while aggressively expanding our footprint globally."

The Deutsche Telekom strategic investment and Telekom Innovation Pool led this latest funding round. Merlin International, Norwest Venture Partners, BlueRed Partners, and Ibex Investors also participated in the funding round.

The company, as of now, has plans to use the new funds to expand in the US market and international markets to deliver its Autonomous Breach Protection platform. The funds will be also leveraged to advance scale its security platform, notes the announcement.

PC: Pablo, Unsplash