Cyware, a provider of cyber fusion solutions, has raised a $10 million Series A round to enhance its threat intelligence automation, threat response, and security orchestration solutions.
This round was led by the Prelude Fund (the venture practice at Mercato Partners), and Tanium, a provider of unified endpoint management and security. Cyware’s seed investors, Emerald Development Managers and Great Road Holdings, also participated in the round.
“This latest financing round is an important milestone in Cyware’s journey. It strengthens our ability to continue our growth and become a more innovative, customer-centric company,” said Anuj Goel, CEO and co-founder of Cyware. “As organizations begin to understand and address cybersecurity realities amid COVID-19, we’ve grown aggressively and expanded our solution and client portfolio to meet their evolving security needs. We wanted visionary investors who understand cybersecurity and can be our partners for long-term growth.”
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Cyware’s virtual cyber fusion solution is the next evolution of Security Orchestration, Automation and Response (SOAR). It emphasizes proactive engagement as the core of the cybersecurity strategy. The company said its goal is to help change the ecosystem of cybersecurity and optimize security operations by eliminating security team silos within organizations.
Cyware said it will use the funding to expand its sales and marketing teams, double down on customer success, and continue to use case innovation and product enhancements to its situational awareness platform (CSAP), threat intelligence eXchange (CTIX), security orchestration layer (CSOL) and fusion and threat response (CFTR).