USA – CyCognito, a Palo Alto, CA-based external attack surface management platform provider, raised $100m in Series C funding.
The round, which brings total amount raised to $153m, was led by The Westly Group with participation from new investors Thomvest Ventures and The Heritage Group and existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest. The company intends to use the funds to continue to expand operations and its business reach. Led by Rob Gurzeev, CEO and co-founder, CyCognito provides an Attack Surface Management platform to prioritize, investigate, and respond to potential security risks. Leveraging Machine Learning (ML) and Natural Language Understanding (NLU), the system autonomously builds a graph data model that portrays an organization’s business structure—from the company’s name to the hundreds of departments, subsidiaries, acquisitions and brands an organization owns. 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, are using CyCognito to autonomously discover, test and contextualize security threats before they happen.02/12/2021
