Cybersecurity platform CyCognito has raised a $100 million Series C funding round led by The Westly Group – just 3.5 years after the company was founded, the company announced on Wednesday.
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New investors Thomvest Ventures and The Heritage Group joined the round alongside existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest. This new financing round brings the company's total amount raised to $153 million.
CyCognito's Attack Surface Management platform uses advancements in Machine Learning (ML) and Natural Language Understanding (NLU) to autonomously build a graph data model that portrays an organization's business structure. The platform then scans billions of servers and devices across the Internet to contextualize and identify internet-exposed and unmanaged assets that could serve as entry points for attackers.
Several Fortune 500 companies, including Colgate-Palmolive, Tesco and Scientific Games Corporation, as well as government groups like the State of California, use the CyCognito platform.
"Our number one priority is to provide global enterprises with world-class attack surface protection," said Rob Gurzeev, CEO and co-founder of CyCognito. "That's why we've developed the industry's most dynamic, intelligent platform for comprehensive external attack surface management. Our proactive approach to discovering and prioritizing risk is unmatched in the industry and provides security teams with the insight and confidence to quickly preempt potential attacks."
