Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

CYFIRMA raises Series A funding to fuel product development and business expansion

Srikanth by Srikanth
February 14, 2020
in Startup news
0
CYFIRMA raises Series A funding to fuel product development and business expansion 1
10
SHARES
125
VIEWS
Share on FacebookShare on Twitter

CYFIRMA, a predictive cyber-threat visibility and intelligence analytics platform company announced today they have raised Series A round of funding from Z3Partners, an early- growth Private Equity Fund that is known to discover nascent technology trends and support entrepreneurs in their journey towards market leadership. With this investment, Z3Partners joins Goldman Sachs and Zodius Capital as a shareholder of CYFIRMA. The Company has raised $8 million till date including the current round.

This new investment round comes just four months after CYFIRMA’s separation from Antuit Group in October 2019. This latest round of funding reaffirms CYFIRMA’s business model and strengthens its position as a fast-rising cybersecurity and threat intelligence player.

According to Gartner Inc., the global information security market is forecast to grow at a five-year CAGR of 8.7% to reach $188.8 billion in 20231. This new spending will be driven by regulations and increased awareness as organizations’ needs evolve to address more complex threats. CYFIRMA’s threat intelligence platform is already in use by Fortune Top 500 companies. With the new funding, CYFIRMA will further capitalize on its position as a leader in the cyber visibility and threat intelligence category in Japan to expand into markets across Asia including India and the US.

The funds will be used to support the development roadmap of CYFIRMA’s cyber-intelligence analytics platform, adding functionalities that will enhance its predictive capabilities as well as building adjacent features that will complete the cybersecurity ecosystem.

“CYFIRMA has been disrupting the cybersecurity landscape since its inception – born out of the urgent need to help business leaders decipher relevant and critical threats in a sea of noise so that decisive actions can be taken to prevent massive brand and financial damages. Our unique way of looking at cyber threat analytics, gathering intelligence across deep and dark web as well as surface web to unravel motivations of threat actors and stop cyber-attack at its track has been a winning formula for many of our clients,” said Ritesh Kumar, Founder and CEO of CYFIRMA. “I’m glad Z3Partners share in our vision. Having the financial support of Z3Partners will accelerate our product engineering efforts, grow our team, and bring our innovative threat intelligence platform to new markets rapidly.”

 “We are excited to partner with Kumar Ritesh and his team to build CYFIRMA into a dominant cyber threat analytics global player. CYFIRMA’s offering is well-timed with the rapidly increasing demand for quality threat intelligence to guide digital transformation and drive business results. The platform is a powerful solution to bring threat intelligence conversations into boardrooms across all industries and we look forward to collaborating with and supporting them as they work to build a great company in an exciting category,” said Gautam Patel, Managing Partner, Z3Partners.

Source: 1 Gartner Forecast Information Security and Risk Management, Worldwide, 2017-2023, 4Q19 Update

Share4Tweet2Share1Pin2

Popular this week

  • Renesas Expands IoT Footprint with Sequans Acquisition

    Renesas Expands IoT Footprint with Sequans Acquisition

    2875 shares
    Share 1150 Tweet 719
  • Y2Mate.com 2023: How to Download Videos and Audios

    317 shares
    Share 127 Tweet 79
  • Top 10 Omegle Alternatives you might like

    371 shares
    Share 148 Tweet 93
  • Does God Play Dice? – A Quantum Perspective

    69 shares
    Share 27 Tweet 17
  • Thiruvananthapuram and Kochi Garner National Attention as Emerging Startup Hubs

    67 shares
    Share 26 Tweet 17
  • What is windows modules installer ? How to Enable/Disable

    147 shares
    Share 59 Tweet 37

Popular Sections On Techiexpert

Artificial Intelligence Big Data Blockchain Blogging Cloud Computing Data Analytics How to Internet Of Things Machine Learning Marketing Trends Social Media Startup news Tech news

Latest Stories on Techiexpert

AI-Driven Dating Apps Are Redefining Romance

AI-Driven Dating Apps Are Redefining Romance
Share6Tweet4Share1Pin1

Moon Becomes a Data Vault with NASA’s Ambitious Blockchain Storage Plan

Moon Becomes a Data Vault with NASA's Ambitious Blockchain Storage Plan
Share6Tweet4Share1Pin1

Fintech Startup Falcon Makes Waves in Banking Sector

Fintech Startup Falcon Makes Waves in Banking Sector
Share6Tweet4Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.