Cymulate has raised $15 million in a Series B funding round, led by Vertex Growth Fund. It plans to use the second funding round of 2019 to accelerate expansion across the US. The SaaS-based Breach and Attack Simulation (BAS) platform company announced that it has raised a total of $26 million to date, including seed investment from Eyal Gruner.
The Series B funding round also saw participation from other existing investing partners. These included the investment arm of Vertex Ventures Israel, Dell Technologies Capital and Susquehanna Growth Equity (SGE).
Cymulate’s CEO Eyal Wachsman said: “We’ve enjoyed an exceptionally strong growth period during the past few months and we therefore decided to pre-empt with another round of funding shortly after our Series A in order to leverage on the strong market adoption with additional resources to accelerate our expansion.”
Cymulate said its SaaS-based BAS platform plays a critical role in empowering organizations to automatically assess and improve their overall security posture. Simulations of the latest threats in the wild test an organization’s security defenses and controls, across the entire kill chain of attack vectors and APT attack configurations.
Simulations can be run on-demand or scheduled to run at regular intervals. Within minutes, the platform is said to provide specific, actionable insights and data on where a company’s network is vulnerable, highlighting security gaps and mitigation procedures.