CYFIRMA Raises $5.5 Million in Pre-Series B Round Led by OurCrowd and L&T Innovation Fund
CYFIRMA, a Singapore-based external threat landscape management company, has raised $5.5 million in a pre-Series B funding round. The round was led by Israeli venture fund OurCrowd and L&T Innovation Fund, the multinational conglomerate Larsen & Toubro’s venture capital arm.
CYFIRMA plans to utilize the funds to expand product innovation and enter new markets in North America, Europe, and the MENA region. The company will also be looking to expand its existing markets in Southeast Asia, including Japan, Singapore, and India. The funds will also help CYFIRMA hire across verticals and bolster brand building efforts.
The cloud-based AI and ML-powered analytics platforms of CYFIRMA help businesses to gain deep insights into their external threat landscape. Its cyber intelligence and digital risk protection services provide early warning, personalised, contextual, outside-in, and multi-layered insights by combining cyber intelligence with attack surface discovery.
CYFIRMA serves customers in both government and Fortune 500 companies across various industries, including manufacturing, financial services, retail, industrial products, natural resources, and pharmaceutical industries.
“We recognise the critical role that Israel plays in the cybersecurity market in delivering groundbreaking technology and OurCrowd has been at the forefront of cybersecurity innovation, with a rich history of making markets and helping create some of the most successful startups in the industry,” said Kumar Ritesh, Founder and CEO of CYFIRMA.
CYFIRMA has raised almost $18 million to date from Goldman Sachs, Zodius Capital, and Z3 Partners. The recent funding will help the company to expand its reach globally, making its platform accessible to businesses across the world.
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