DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Cymulate | September 07, 2022
Cymulate, the market leader in Extended Security Posture Management (XSPM), today announced a $70 million Series D investment led by existing investors One Peak, together with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. Cymulate has raised $141M to date.
The latest investment, which is among the largest for continuous security testing vendors, doubles Cymulate's funding raised to date and accelerates the Company's global expansion and pace of innovation.
In a recent report on Continuous Threat Exposure Management (CTEM) GartnerⓇ analysts observed, "Previous approaches to managing the attack surface are no longer keeping up with digital velocity — in an age where organizations can't fix everything, nor can they be completely sure what vulnerability remediation can be safely postponed. CTEM is a pragmatic and effective systemic approach to continuously refine priorities, walking the tightrope between those two impossible extremes."* The global shortage of 2.72 million cybersecurity professionals, and overstretched in-house security resources further exacerbates the need for Cymulate's real-world solutions which closes security gaps quickly and efficiently, rationalizes technology, helps upskill staff and improves processes.
"We are thrilled to lead this round of investment in Cymulate," said David Klein, Managing Partner of One Peak. "Cyber posture management and continuous security validation have dramatically increased in popularity in response to the onslaught of ransomware and cyber warfare for businesses across all size ranges. Cymulate is the clear leader in the sector, and we look forward to continuing to support the Company in further accelerating its already strong growth trajectory."
Cymulate sets the industry standard for organizations to use automation to continuously validate their threat exposure and cyber posture, by testing their cloud and on-premise networks against the latest threats in the wild. The Company's Extended Security Posture Management platform leverages its native offensive security technology and capabilities to widely support customers' security and business needs. XSPM incorporates four fundamental pillars tied together with analytics to provide actionable security posture insights: Attack Surface Management, Continuous Automated Red Teaming, Breach & Attack Simulation, and Advanced Purple Teaming. Cymulate's customers see their cyber risk reduced by nearly 50% during the first three months of use. Running daily risk assessments, the cyber risk of Cymulate's customers continues to decrease in the first year without any security drift.
The Series D funding will be used to extend Cymulate's technological capabilities and further accelerate its global growth. The Company more than doubled its ARR in 2021 and grew more than 200% in North America alone. Cymulate has more than 500 customers globally, including Fortune 500 companies and strategic partners such as Optiv and Wipro. By the end of this year, Cymulate plans to further expand its staff by 75% to continue supporting its go-to-market efforts.
"In a market where every business must be prepared to fight advanced threats, I am proud of our team's ability to innovate and respond quickly to the constant turbulence of cybersecurity. "Our funding from existing investors is a further testament to their confidence in our company, direction, and continued vision. We look forward to reaching our next innovation milestones and expanding into new markets across the globe."
Eyal Wachsman, CEO and Co-Founder of Cymulate
Alongside their Series D funding, Cymulate also recently announced two C-level executive appointments to bolster the company's leadership, namely the appointment of Maria Mastakas as Chief Operating Officer and Carolyn Crandall as Chief Marketing Officer and Chief Security Advocate of Cymulate.
*Gartner, Implement a Continuous Threat Exposure Management (CTEM) Program, July 2022.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Cymulate's SaaS-based Extended Security Posture Management (XSPM) provides security professionals with the ability to continuously challenge, validate and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert and threat intelligence led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies.
Picus Security | November 10, 2022
Picus Security, the pioneer of Breach and Attack Simulation (BAS), today announced the availability of its next-generation security validation technology. The new Picus Complete Security Validation Platform levels up the company's attack simulation capabilities to remove barriers of entry for security teams. It enables any size organization to automatically validate the performance of security controls, discover high-risk attack paths to critical assets and optimize SOC effectiveness.
"Picus helped create the attack simulation market, and now we're taking it to the next level, By pushing the boundaries of automated security validation and making it simpler to perform, our new platform enables organizations even without large in-house security teams to identify and address security gaps continuously."
-H. Alper Memis, Picus Security CEO and Co-Founder
The all-new-and-improved Picus platform extends Picus's capabilities beyond security control validation to provide a more holistic view of security risks inside and outside corporate networks. It consists of three individually licensable products:
Security Control Validation - simulates ransomware and other real-world cyber threats to help measure and optimize the effectiveness of security controls to prevent and detect attacks.
Attack Path Validation - assesses an organization's security posture from an 'assume breach' perspective by performing lateral movement and other evasive actions to identify high-risk attack paths to critical systems and users.
Detection Rule Validation - analyzes the health and performance of SIEM detection rules to ensure that SOC teams are reliably alerted to threats and can eliminate false positives.
A global cybersecurity workforce gap of 3.4 million professionals∗ means automated security validation is now essential to reduce manual workloads and help security teams respond to threats sooner. Recently, the US's Cybersecurity and Infrastructure Security Agency (CISA) and UK's National Cyber Security Centre (NCSC) published a joint advisory recommending organizations test their defenses continually and at scale against the latest techniques used by attackers.
Insights from point-in-time testing are quickly outdated and do not give security teams a complete view of their security posture, With the Picus platform, security teams benefit from actionable insights to optimize security effectiveness whenever new threats arise, not once a quarter. With our new capabilities, these insights are now deeper and cover even more aspects of organizations' controls and critical infrastructure,said Volkan Erturk, Picus Security CTO and Co-Founder.
About Picus Security
Picus Security is the pioneer of Breach and Attack Simulation (BAS). The Picus Complete Security Validation Platform is trusted by leading organizations worldwide to continuously validate security effectiveness and deliver actionable insights to strengthen resilience 24/7. Picus has offices in North America, Europe and APAC and is supported by a global network of channel and alliance partners. Picus has been named a 'Cool Vendor' by Gartner and is cited by Frost & Sullivan as one of the most innovative players in the BAS market.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Netskope | December 01, 2022
Netskope, a global leader in secure access service edge (SASE), is announcing new support of Amazon Web Services (AWS) to further improve visibility of risks and threats on AWS services, resulting in even stronger security postures for customers. Through this work, Netskope will support the launch of AWS Verified Access and Amazon Security Lake to drive innovation for enterprises running on AWS.
As the cybersecurity landscape becomes more complex and multifaceted, organizations want to confidently know their data, employees, and resources are safe from potential attacks. Netskope has helped thousands of customers, including more than 25 of the Fortune 100, improve their security posture through integrated zero trust network access (ZTNA), secure web gateway (SWG), cloud access security broker (CASB), cloud security posture management (CSPM), storage scanning with data loss prevention (DLP), cloud firewall, Borderless WAN, and more. By meeting the rigorous standards of supporting the launch of AWS Verified Access and Amazon Security Lake, Netskope and customers can have greater confidence in the company's deep technical expertise on AWS and its proven track record in securing even the most complex cloud journeys.
"As organizations search for seamless support and unification of their cloud security services, our work with AWS will help customers achieve even better visibility and protection in a cloud-first, hybrid work environment. "Hybrid work today happens in the office, at home, or on the go, and with this new support of Amazon Security Lake and AWS Verified Access, we'll help customers navigate their cloud security journey by securing data from anywhere, on any device."
Andy Horwitz, Vice President, Business Development and Technology Alliances at Netskope
Netskope will support Amazon Security Lake and AWS Verified Access by providing visibility and real-time data and threat protection when accessing cloud services, applications, and data. Customers can expect broader and more granular data sharing to expose cloud threats and security gaps, better alert prioritization so security teams can remediate the highest threats first, and a stronger security posture with faster remediation strategies in place.
"Netskope and AWS continue to help organizations with security capabilities they need to protect their users and data everywhere," said Chris Grusz, Director, ISV Partner and AWS Marketplace Business Development. "Netskope is a trusted security provider for many cloud-first organizations, and the expanded relationship with AWS will allow customers to better realize the full value of their AWS Security investments."
Netskope, a global cybersecurity leader, is redefining cloud, data, and network security to help organizations apply Zero Trust principles to protect data. Fast and easy to use, the Netskope platform provides optimized access and real-time security for people, devices, and data anywhere they go. Netskope helps customers reduce risk, accelerate performance, and get unrivaled visibility into any cloud, web, and private application activity. Thousands of customers, including more than 25 of the Fortune 100, trust Netskope and its powerful NewEdge network to address evolving threats, new risks, technology shifts, organizational and network changes, and new regulatory requirements.