
CYNET
Rapid detection, remediation, and forensics to counter the most sophisticated cyberthreats, including unsigned malware and zero-day attacks.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor investor investor investor | €0.0 | round | |
N/A | $12.0m Valuation: $200m | Series C | |
Total Funding | 000k |
USD | 2019 | 2020 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 21 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Cynet operates in the cybersecurity sector, offering a platform designed to make comprehensive breach protection accessible to organizations that may lack large security teams. The company was co-founded in 2015 by Eyal Gruner and Netanel Amar, who serve as CEO and COO, respectively. Gruner, a serial entrepreneur in the cybersecurity space, began his journey at age 15 by identifying a security flaw in a bank's ATM, leading to consultancy work while still in high school. He previously founded BugSec, a cybersecurity consultancy, and Versafe, a fraud prevention firm acquired by F5 Networks. This extensive background in identifying and mitigating cyber threats shaped Cynet's mission.
The company's business model centers on providing an all-in-one security solution, primarily targeting small-to-medium enterprises (SMEs) and Managed Service Providers (MSPs). Revenue is generated through subscriptions to its platform, which is engineered to be cost-effective by consolidating multiple security technologies, thus reducing licensing costs and complexity for its clients. Cynet's go-to-market strategy is heavily channel-focused, relying on partnerships with MSPs and Value-Added Resellers (VARs) to expand its market reach, particularly in North America and Europe.
Cynet's core offering is its Autonomous XDR (Extended Detection and Response) platform, which integrates a suite of security capabilities into a single console. The platform provides endpoint protection (Next-Generation Antivirus, EDR), network security (Network Detection and Response, Deception technology), user and entity behavior analytics (UEBA), and security for SaaS and cloud applications. A key feature is its automation of threat investigation and response, using playbooks to handle incidents, which significantly reduces the manual workload for security teams. The platform is further supported by a 24/7 Managed Detection and Response (MDR) service called CyOps, providing human expertise to monitor client environments and manage threats. A notable achievement for the company was its performance in the 2024 MITRE ATT&CK Evaluation, where it was the only vendor to achieve 100% Protection and 100% Detection Visibility.
Keywords: cybersecurity, XDR, EDR, MDR, breach protection, endpoint security, network detection and response, managed service providers, SME cybersecurity, threat detection, automated incident response, security automation, UEBA, ransomware protection, cloud security posture management, SaaS security, autonomous security, threat intelligence, vulnerability management, deception technology, cyber threat detection