# CyCognito

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cycognito

- Industry: Software
- Headquarters: Palo Alto, US
- Website: http://www.cycognito.com
- Total disclosed funding: $153M
- Latest round: Series C (Dec 1, 2021)
- Investors on record: 7

## About

CyCognito Ltd. is an innovative cybersecurity firm specializing in attack surface management, utilizing advanced technologies to identify and mitigate risks associated with external assets for organizations.Founded in 2017 and headquartered in Palo Alto, US, CyCognito Ltd. focuses on enhancing cybersecurity through its platform. The company has raised a total of USD 100.00 mn from various funding rounds, most recently a Series C round on December 1, 2021, led by The Westly Group and including investors such as Accel and Lightspeed Venture Partners. The founders, Dima Potekhin, Nimrod Gur-Ze'ev, and Rob Gurzeev, have previous entrepreneurial experience, contributing to the company's strategic direction.CyCognito offers a comprehensive platform designed to enhance attack surface management (ASM) by identifying, prioritizing, and mitigating cybersecurity risks across an organization’s external assets. The platform utilizes advanced technologies such as machine learning and natural language processing to automatically discover and analyze internet-exposed assets, enabling organizations to visualize their attack surface without requiring extensive manual input. Core functionalities include continuous dynamic application security testing (DAST), risk prioritization based on real-time asset evaluations, and automated security testing across cloud infrastructures. Clients include large enterprises and Fortune 500 companies such as Colgate-Palmolive and Tesco, primarily in North America, Europe, and Asia, addressing the complexity of cyber threats by focusing on unmanaged and unknown assets.CyCognito operates on a subscription-based revenue model, providing access to its platform through various pricing plans tailored to clients' needs. Clients typically engage in annual agreements, allowing continuous access to features including risk assessments, vulnerability management, and automated security testing services. Terms are negotiated based on the scale of security needs and the number of assets, ensuring ongoing support and updates to enhance the clients' cybersecurity posture against evolving threats.In November 2021, CyCognito Ltd. raised USD 100.00 mn in a Series C funding round led by The Westly Group, with participation from other investors. The funding will be utilized to develop its platform and expand its workforce, reflecting the company's commitment to enhance its offerings. Future plans include introducing new products and expanding into new markets, specifically targeting increased presence in North America and Europe over the next few years.

## Funding rounds

- Series C, Dec 1, 2021, $100M — Accel, Lightspeed Venture Partners, Sorenson Capital, Thomvest Ventures, The Westly Group, UpWest
- Series B, Jul 23, 2020, $30M — Accel, Lightspeed Venture Partners, Sorenson Capital, UpWest
- Series A, Nov 19, 2019, $18M — Lightspeed Venture Partners, Sorenson Capital, UpWest
- Seed, Jan 1, 2017, $5M — Sorenson Capital, Amiti Ventures, UpWest

## Investors

- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Seed, Series A, Series B, Series C
- Amiti Ventures (https://capitalatlas.ai/funds/amiti-ventures) — Seed
- UpWest (https://capitalatlas.ai/funds/upwest) — Seed, Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series C
- The Westly Group (https://capitalatlas.ai/funds/the-westly-group) — Series C