Cydome

Cydome

Provides award-winning cybersecurity and protection to the maritime industry.

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DateInvestorsAmountRound
-investor investor investor investor

€0.0

round
N/A

€0.0

round
investor

€0.0

round
*

$8.0m

Series A
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-14 %80 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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More about Cydome
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Cydome operates as a specialized cybersecurity provider for the maritime industry, offering solutions to protect against the growing threat of cyber attacks on shipping vessels. The company was founded in 2018 by Nir Ayalon and Bernardo Flood and is headquartered in Tel Aviv, Israel. Ayalon, the CEO, brings extensive experience in cybersecurity, data protection, and disaster recovery, having previously led these areas at IBM and serving as a member of the ISO Committee for Cybersecurity and Marine Technologies. This background in both corporate tech and international standards provides a strong foundation for addressing the specific security needs of the maritime sector.

The firm targets ship owners, fleet managers, and operators within the global supply chain, a sector that has seen cyber attacks increase significantly. Cydome's business model is centered on a subscription-based Software-as-a-Service (SaaS) platform, which has been deployed on over 100 vessels. The company has secured a total of $10.2 million in funding over two rounds, including a $2.2 million Seed round in 2021 and an $8 million Series A round in 2023, led by investors such as 2.0 Ventures, VentureIsrael, and MD One Ventures.

Cydome's core offering is a comprehensive cybersecurity platform designed for the unique operational environment of maritime vessels, providing protection for both Information Technology (IT) and Operational Technology (OT) systems. The platform delivers a real-time, fleet-wide map of all connected assets, performing automated security checks and vulnerability scans to ensure ongoing compliance with maritime regulations like those from the IMO, IACS, and the EU's NIS2 directive. Its technology uses artificial intelligence trained with maritime-specific data for anomaly detection, which helps to reduce false positives. Key features include endpoint detection and response (EDR), threat identification, continuous vulnerability discovery, and secure remote access management for third-party vendors through its 'EverTrust' solution. The system is designed for "zero-touch" operation, meaning it can be installed and run without requiring specialized IT personnel on board, a crucial benefit for vessels with limited crew expertise.

Keywords: maritime cybersecurity, vessel protection, OT security, IT security, fleet cybersecurity, shipping industry security, cyber risk management, maritime compliance, vessel network security, supply chain security, Nir Ayalon, asset visibility, threat detection, vulnerability management, remote access security, SaaS, marine technology, endpoint detection, automated compliance, maritime regulations

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