Cybersecurity firm Cynomi raises $3.5 million

Cybersecurity service provider Cynomi has raised $3.5 million in seed funding, money the company says it will use to scale research and development and expand its footprint in the United States and the United States. UK

According to reports on Friday, February 4, the investment came from Flint Capital, SeedIL and Lytical Ventures, as well as some angel investors including Nir Giller, co-founder of Microsoft-owned security startup CyberX.

Led by veterans of Israel Defense Forces cybersecurity operations, Cynomi assists small and medium-sized enterprises (SMEs), acting as a “virtual Chief Information Security Officer (CISO)” and offering level-of-security protection. of the company.

Cynomi, based in Israel and London, uses artificial intelligence to automate cybersecurity operations and works with telecommunications companies and managed service providers in the UK, Israel and the US.

“Billions of dollars are being invested to secure businesses, while SMBs are being left behind,” said David Primor, co-founder and CEO of Cynomi.

“Small and medium-sized businesses are significantly less equipped to deal with the ever-growing threat landscape – lacking budget and staff, they are more prone to the devastating effects of possible attacks. We mimic a human CISO, automatically providing teams computer and cyber security a targeted assessment and a prioritized remediation action plan.

Read more: How Employee Training and Automated Defenses Can Protect Businesses Against Phishing

PYMNTS recently examined the threats facing SMBs in our interview with Chuck Brooks, Adjunct Professor of Cybersecurity Risk Management at Georgetown University.

Cybercriminals have traditionally preyed on small and medium-sized enterprises (SMBs) due to a perceived lack of security, but they have recently begun to branch out to attack healthcare companies and universities.

“Everyone is a victim of phishing, but small businesses are a low hanging fruit because they simply don’t have the security resources and their employees aren’t well trained,” Brooks said. « Universities and health industries [are also a common target] for the same reason, because they haven’t invested a lot of money in security because they are busy fighting diseases and educating people with these resources and technologies.



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Laura J. Boyer