Israeli startup Cypago has successfully secured a significant funding boost of $13 million in a funding round led by Entrée Capital, Axon Ventures, and Jump Capital. This funding infusion comes alongside the launch of their innovative governance, risk management, and compliance (GRC) automation platform.
Founded in 2020, Cypago’s Tel Aviv-based team has developed a GRC automation platform that integrates cutting-edge elements like SaaS architecture, advanced analysis, generative AI, and automation to streamline organizations’ governance, risk, and compliance processes, regardless of whether they operate in cloud or on-premises environments. The platform offers an array of automation templates, including frameworks like NIST CSF and NIST 800-53, with the flexibility to implement custom frameworks as needed.
Cypago’s GRC automation platform enables organizations to bridge the gaps between management, security, and operations, revolutionizing the way they approach cyber GRC processes.
By combining elements such as SaaS architecture, generative AI, and automation, the platform aims to alleviate the traditionally manual, fragmented, and time-consuming aspects of cybersecurity management. It empowers organizations to enhance their efficiency by minimizing manual work, fostering collaboration among cross-functional teams, and allowing them to concentrate on their core competencies.
The newly secured $13 million investment is poised to catalyze Cypago’s growth trajectory. With a focus on expanding research and development, product development, and market penetration efforts, Cypago aims to further strengthen its foothold in both North American and European markets. Cypago co-founder and CEO Arik Solomon underscores the platform’s potential to revolutionize the cybersecurity landscape.
He anticipates that Cypago’s cyber GRC automation will not only alleviate the labor-intensive aspects of security management but also foster collaboration and enable organizations to channel their energies into their core strengths, propelling the field forward.