Cyware, a New York-based threat intelligence infrastructure startup, has successfully secured $30 million in a Series C funding round led by Ten Eleven Ventures, a cybersecurity-focused investment firm.
This latest round brings Cyware’s total funding to $73 million since its emergence from stealth mode in 2019. The company aims to capitalize on the growing demand for AI-powered security tools and positions its flagship product, Cyware Cyber Fusion, as the backbone of global threat sharing networks.
This product integrates data orchestration, workflow automation, and threat intelligence sharing technologies, facilitating collaboration across disparate security teams.
Cyware has gained traction among enterprises, government agencies, MSSPs, ISACs, and CERTs, with over 30,000 members benefitting from its platform. The funding round saw participation from existing investors Advent International, Zscaler, Emerald Development Managers, Prelude, and Great Road Holdings, indicating continued confidence in Cyware’s growth trajectory.
The company’s platform is widely used by major ISACs, ISAOs, and CERTs to automate threat intelligence sharing, analysis, and actioning. Cyware’s platform also empowers large conglomerates, industry groups, and private communities to activate and share threat intelligence, enabling automated collective defense against various cyber threats such as ransomware, supply chain attacks, and zero-day vulnerabilities.
With the newly secured funds, Cyware plans to expand its channel business and establish strategic alliances globally, further solidifying its position in the cybersecurity market.
In summary, Cyware’s successful funding round reflects the company’s strong market presence and the increasing adoption of its platform by diverse entities seeking enhanced cybersecurity measures through automated threat intelligence sharing and collaborative defense mechanisms.
