Cybersecurity startup today announced it has closed an $18 million funding round. It plans to use the investment to expand its presence in the U.S. and international markets, specifically on the sales side as it seeks to increase brand awareness and bolster its channel ecosystem.
With the average cost of a data breach this year expected to exceed $150 million ( to Juniper Research), it’s no wonder the cybersecurity market is anticipated to be worth by 2027. New York-based Cynet is ready with a protection platform that consolidates and automates monitoring, control, attack prevention, detection, and response orchestration across environments.
The five-year-old company’s Cynet 360 platform — which auto-installs on physical and virtual endpoints within a day — collects signals from the network (e.g., logged-on