CYREBRO raises $40m for the cloud-based security ops center
Company’s online platform enables clients to build, operate and maintain an enterprise-grade SOC with technology and skills in one solution
CYREBRO, an Israeli developer of Security Operations Center (SOC) Infrastructure, announced a $40m Series C investment led by Koch Disruptive Technologies (KDT), alongside new investor Elaia. The company will use this latest investment to accelerate its go-to-market strategy becoming the global solution for all Managed Security Service Providers (MSSPs), IT providers and businesses of all sizes.
With 300% year-over-year growth from December 2020 to 2021, committed monthly revenues tripling from 2019 to 2021, and an expansion of the company both in customers and employees, CYREBRO continues to expand with clients and partners around the world from North America, Latin America, EMEA and Asia.
“CYREBRO provides MSSPs the highest level of automation and lowest false-positive rate with its SOC Infrastructure offering, making it truly distinct,” says Isaac Sigron, Managing Director, KDT.
Delivering the base and benefits of a true and managed SOC infrastructure to SMBs via channel partners and to enterprises, CYREBRO eliminates the extremely costly endeavor of building their own in-house SOC, which is difficult to develop and almost impossible to maintain.
Robert Scicolone, Managing Director of the German subsidiary of Infinigate, CYREBRO’s European channel partner, adds that that company is “offering stands out in the cybersecurity market as it allows our partners to provide their customers with a superior compatible, real-time SOC solution, threat intelligence and hunting as well as state-level incident response that can be set up and functional within days.
“Providing a single point of incidents and prioritization through an intuitive cloud user interface makes their offering easy to use for all types of businesses. As the cyber landscape becomes increasingly more complex and competitive, we’re confident CYREBRO’s appeal will continue to grow.”
“We’re honored and fortunate to have this great team of investors behind us, believing in our vision,” said CYREBRO CEO Nadav Arbel. “We believe that in the future, almost all SOCs will use managed security infrastructures, and our goal is to remain the global leader in this space.”