# Cynet Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cynet-security

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: www.cynet.com
- Total disclosed funding: $78M
- Latest round: Series C (Mar 10, 2021)
- Investors on record: 7

## About

Cynet Security Ltd. is a cybersecurity company specializing in integrated security solutions designed for Managed Service Providers (MSPs) and Small to Medium-sized Enterprises (SMEs).Cynet Security Ltd. was founded in 2014 and is headquartered in New York, US. The company provides a comprehensive cybersecurity platform. In March 2021, Cynet raised USD 40 mn in a Series C round led by Greenfield Partners, with participation from other investors including Norwest Venture Partners and Deutsche Telekom. The founders of Cynet are Eyal Gruner, Idan Amir, and Netanel Amar, with Eyal Gruner serving as the CEO.Cynet delivers an all-in-one cybersecurity platform featuring an Endpoint Protection Platform (EPP), Endpoint Detection and Response (EDR), and Mobile Threat Defense (MTD) to protect against various cyber threats. The platform also includes Network Detection and Response (NDR) and User Behavior Analytics (UBA) to monitor and secure network traffic, alongside Security Automation and Centralized Log Management (CLM). Cynet's offerings cater to diverse sectors, including education, financial services, and healthcare, across markets in North America, Europe, and Asia-Pacific.Cynet implements a subscription-based revenue model, providing ongoing access to its cybersecurity services for B2B clients and managed security service providers. The subscription plans encompass various tiers that include endpoint security, network security, and managed detection and response (MDR), ensuring continuous protection against evolving threats and allowing for ongoing support and updates as part of the service agreement.Following the funding round in March 2021, Cynet plans to utilize the raised USD 40 mn to hire new employees and expand its operations across North America and Europe. The company aims to enhance its product offerings and may introduce upcoming features designed to strengthen its platform, aligning with its expansion strategy in new geographical markets.

## Funding rounds

- Series C, Mar 10, 2021, $40M — Norwest Venture Partners, Vintage Investment Partners, Deutsche Telekom, Greenfield Partners, BlueRed Partners
- Series B, Jun 29, 2020, $18M — Norwest Venture Partners, Ibex Investors, Deutsche Telekom, Merlin International, BlueRed Partners
- Series B, Jun 27, 2018, $13M — Norwest Venture Partners, Ibex Investors
- Series A, Feb 10, 2016, $7M — Ibex Investors

## Investors

- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series A, Series B
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C
- Deutsche Telekom — Series B, Series C
- Merlin International — Series B
- BlueRed Partners (https://capitalatlas.ai/funds/bluered-partners) — Series B, Series C
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series C
- Greenfield Partners (https://capitalatlas.ai/funds/greenfield-partners) — Series C