The funding round supports the company’s shift from a services driven organization to a product-led approach, doubling its ARR and tripling its customer base in the past year
Tel Aviv, Israel – June 21, 2022 – Cyberint, a cyber threat intelligence company that pioneered attack surface reconnaissance, announced today a financing round of $40 million. The round was led by StageOne Late Stage Arm (Backed by Clal Insurance, Menora & Bank Hapoalim), Neva SGR – part of Intesa Sanpaolo Group – Italy’s largest bank, and Viola Growth, together with the participation of all existing investors with the aim of expanding upon the company’s recent growth. By making the shift to a product-led approach Cyberint more than doubled its ARR and tripled its customer base in the past year alone.
Cyberint fuses Threat Intelligence with Attack Surface Management, providing organizations with extensive integrated visibility into their external risk exposure.
The combination of dark web data harvesting with autonomous analysis of the organization’s attack surface, augmented with highly skilled threat intelligence experts, delivers timely and focused information from a wide array of sources to the relevant teams, allowing for effective remediation across all sectors.
The funds will be used to accelerate Cyberint’s business growth, as well as to further develop and expand the company’s SaaS Threat Intelligence & Attack Surface Management platform known as Argos Edge. In addition, Cyberint will significantly bolster its global go-to-market efforts by expanding sales and marketing teams to capture even greater market share.
“We’re extremely fortunate to be backed-up by such prominent investors,” says Yochai Corem, Cyberint’s CEO. “Cybercrime is on exponential rise, with damages predicted to hit $10.5 trillion annually by 2025. Now, more than ever, the need for focused, proactive threat intelligence is in high demand. Argos users are able to gain better understanding and protection against their most relevant known and unknown risks.”
With tens of millions of dark web items, phishing attempts and leaked credentials identified monthly, Cyberint‘s technology is becoming increasingly critical. The company’s ability to provide early warning to thousands cyber-attack attempts, supporting its customers’ security programs and makes a real impact before harm can be done.
“Neva has evaluated Cyberint’s technical and service components with the Cyber Security department of the Intesa Sanpaolo Group, which recognizes the very high potential of the solution. We believe that Cyberint can be an important player in the European market” said Mario Costantini, CEO and General Manager of Neva SGR.
“There are countless players in the cyber arena making it extremely difficult to find a company with a product and track record to become a go-to solution. With Cyberint, we believe we’ve found the timing, product, and perhaps most importantly, the team to make that happen,” said Yossi Vinitski, Partner, Stage One Late Stage Arm.
Cyberint fuses threat intelligence with attack surface management, providing organizations with extensive integrated visibility into their external risk exposure. Leveraging autonomous discovery of all external-facing assets, coupled with open, deep & dark web intelligence, the solution allows cybersecurity teams to uncover their most relevant known and unknown digital risks – earlier. Global customers, including Fortune 500 leaders across all major market verticals, rely on Cyberint to prevent, detect, investigate, and remediate phishing, fraud, ransomware, brand abuse, data leaks, external vulnerabilities and more, ensuring continuous external protection from cyber threats.