# Cydarm Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cydarm-technologies-pty

- Industry: IT Security/Cybersecurity
- Headquarters: Melbourne, Australia
- Website: www.cydarm.com
- Total disclosed funding: $2.7M
- Latest round: Seed (Feb 14, 2022)
- Investors on record: 7

## About

Cydarm Technologies is dedicated to developing a cyber response management platform that enhances the capabilities of Security Operations Centers (SOCs) by streamlining incident response processes and compliance.Cydarm Technologies Pty Ltd specializes in cyber response management solutions for Security Operations Centers (SOCs). Founded in Melbourne, Australia, by GAICD Ben Waters and Vaughan Shanks, the company raised AUD 3.27 million in Seed funding on February 14, 2022, led by InterValley Ventures, with participation from multiple investors. The company's current valuation stands at AUD 15.41 million.Cydarm offers a comprehensive cyber response management platform specifically designed for Security Operations Centers (SOCs). Their core product enables security teams to analyze, respond, collaborate, communicate, report, and comply with regulatory standards throughout the full cybersecurity incident response lifecycle. Cydarm's platform is engineered for flexibility, allowing organizations to tailor workflows and integrate seamlessly with existing tools using a robust API. Key functionalities include fine-grained access control and multi-tenancy, making it suitable for both virtual and on-premises deployments. The company serves a diverse client base across various sectors, including financial services and critical infrastructure, with a focus on regions such as North America, Europe, and Asia-Pacific.Cydarm generates revenue primarily through subscription-based offerings for its cyber response management platform, which can be deployed either as a hosted, managed service or on-premises for enterprise clients. Clients typically engage with Cydarm through structured agreements that ensure access to the platform’s features and ongoing support. The revenue model accommodates various customer needs, with potential variations in pricing based on deployment type and service levels. The platform's comprehensive features are designed to drive better security outcomes for enterprises, further solidifying Cydarm's value proposition in the market.Cydarm Technologies plans to utilize the recent AUD 3.27 million funding to hire additional employees, enhance its platform, and pursue international expansion. The company is targeting new markets in North America, Europe, and Asia-Pacific to broaden its client base. Specific upcoming product enhancements are currently in development but no release dates have been disclosed.

## Funding rounds

- Seed, Feb 14, 2022, $2.4M — Right Click Capital, Five V Capital, InterValley Ventures, Brindabella & Company, OMKA Pty Ltd, Waters Legacy Pty Ltd
- Seed, Nov 1, 2018, $0.4M — Right Click Capital, CyRise, OMKA Pty Ltd

## Investors

- Right Click Capital (https://capitalatlas.ai/funds/right-click-capital) — Seed
- CyRise (https://capitalatlas.ai/funds/cyrise) — Seed
- OMKA Pty Ltd — Seed
- Five V Capital (https://capitalatlas.ai/funds/five-v-capital) — Seed
- InterValley Ventures (https://capitalatlas.ai/funds/intervalley-ventures) — Seed
- Brindabella & Company — Seed
- Waters Legacy Pty Ltd — Seed