US-headquartered cybersecurity software provider CyCognito received $100m in funding from investors including diversified conglomerate The Heritage Group yesterday at a valuation of $800m.
Venture capital fund Westly Group led the round, which also featured Thomvest Ventures, Accel, Lightspeed Venture Partners, UpWest and Sorenson Ventures, increasing the company’s overall funding to $153m.
Founded in 2017, CyCognito has built a platform which proactively finds vulnerabilities in companies’ IT infrastructure with the aim of plugging them before they can be exploited by malevolent actors.
The company secured $30m in a July 2020 series B round led by Accel and backed by Lightspeed Venture Partners, Sorenson Ventures and UpWest.
Lightspeed had previously led a $18m series A round for CyCognito in November 2019 that included Sorenson Ventures and private investor John Thomson, all three having already contributed to a $5m seed round.
Rob Gurzeev, CyCognito’s co-founder and chief executive, said “Our number one priority is to provide global enterprises with world-class attack surface protection. That is why we have developed the industry’s most dynamic, intelligent platform for comprehensive external attack surface management.
Our proactive approach to discovering and prioritising risk is unmatched in the industry and provides security teams with the insight and confidence to quickly preempt potential attacks.”
