Cypago

Cypago, a Tel Aviv-based startup founded in 2020, operates in the cybersecurity sector, specifically focusing on Governance, Risk, and Compliance (GRC). The company was established by CEO Arik Solomon, a former executive at EY, and CTO Yahav Peri, who previously served as an officer in the IDF Intelligence Corps. The idea for Cypago originated from Solomon's experience at EY's cybersecurity center, where he observed the cumbersome, manual, and fragmented nature of GRC processes for large enterprises.

The company's core offering is its Cyber GRC Automation (CGA) platform, which functions on a Software-as-a-Service (SaaS) model. This platform is designed to automate and streamline GRC processes for its clients, which primarily consist of medium to large enterprises across various industries, including notable customers like CheckPoint and Hippo. By leveraging a combination of Generative AI, Natural Language Processing (NLP), and advanced correlation engines, Cypago helps organizations manage the complexities of security regulations and standards. This automation addresses the challenges of manual evidence collection, control monitoring, and gap identification, aiming to reduce costs and free up cybersecurity teams to focus on core security enhancements.

Cypago's platform provides a centralized and automated solution for managing compliance with numerous security frameworks such as SOC 2, ISO 27001, and various NIST standards. It features no-code automation workflows, allowing for seamless integration with a company's existing technology stack, including IaaS, PaaS, and SaaS tools across both cloud and on-premises environments. Key functionalities include continuous control monitoring, real-time security visibility, and an intelligent gap analysis engine to proactively identify and mitigate risks. In August 2023, the company announced it had raised $13 million in equity funding to expand its research and development, product, and go-to-market teams, with a focus on growth in North American and European markets.

Keywords: Cyber GRC, compliance automation, risk management, SaaS, cybersecurity, information security, no-code platform, continuous monitoring, security frameworks, enterprise software