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CYFIRMA raises $5.5 Mn in pre-Series B round

CYFIRMA, an external threat landscape management company, has secured $5.5 million in a pre-Series B round led co-by Israel-based OurCrowd and L&T Innovation Fund.

With the closing of this round, CYFIRMA has raised nearly $18 million to date.

The proceeds will be deployed for product innovation, foray into new global markets in North America, Europe and MENA region in addition to growing the existing markets in SEA, including India, Singapore, and Japan, and for hiring across verticals and in brand building, CYFIRMA said in a press release.

Founded by Kumar Ritesh, CYFIRMA combines cyber intelligence with attack surface discovery and digital risk protection to deliver early warning, personalised, contextual, outside-in, and multi-layered insights. Its cloud-based AI and ML-powered analytics platform provide the hacker’s view with deep insight into the external cyber landscape, helping clients prepare for impending attacks.

According to CYFIRMA, the company has built a platform that analyses threat indicators from multiple sources, including dark net to give actionable insights on imminent attacks, enterprises use the intelligence to mitigate risks across both technology and non-technology domains and stay one step ahead of cyber criminals.

The company aims to expand its operation in Japan, India, US and the EU. It also claims to have customers include both government as well as companies across manufacturing, financial services, retail, industrial products, natural resources and pharmaceutical industries.

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