Saudi venture capital firm Impact46 has announced a pre-IPO investment of SAR50 million (over $13.3 million) in the Saudi Arabia-based cybersecurity startup Cipher.
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Impact 46’s investment aims to support Cipher’s growth and technological innovations locally and globally.
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Cipher is a Saudi company specialising in cybersecurity. It provides a wide range of services, including risk assessment, penetration testing, security awareness training, threat detection, rapid response and recovery to ensure business continuity.
By navigating this global digital maze, Cipher demonstrated that it embodies the ideal of being innovative, versatile, and as strong as a fortress. Underpinning this ecosystem is Cipher’s integrated cybersecurity offering, which embodies the company’s hard-wired focus on protecting digital assets with a solution that is as complex and rich in choice as the market demands: a fabric of technology, service, and staff.
Cipher’s cybersecurity services are a perfect example of protection, and our Managed SOC is the foundation of the proactive approach. This suite complements our top expertized penetration testing, governance, risk management, compliance services, digital forensics, incident response, and advanced threat intelligence. Combined, they constitute a strategic and reactive plan that actively counters and mitigates the challenges of the current cyberspace threat environment.
Cybersecurity services offered by Cipher can be seen as an exemplar in protection, and Managed SOC is the key to an active defence system. It is, however, this suite works harmoniously with our expert penetration testing, governance risk management compliance services, digital forensics, incident response, and advanced threat intelligence solutions. Altogether, they form the strategic and adaptive control system that not only deals with modern cyberspace threats proactively but also counteracts them on many levels.
Impact46 was founded in December 2018 in Saudi Arabia as an investment manager. It focuses on alternative investments in Saudi Arabia, specifically in tech-enabled startups in the Kingdom and the broader Middle East.
Impact46 invests at different stages of companies, starting from Seed to pre-Series A, and continues to invest in Series A and beyond. Investments range from $500,000 to $7 million, depending on the stage and the targeted sector.
About Cipher
Cipher was founded in 2018 by Thamer ALDhafiri to simplify the perception of complexity surrounding cybersecurity problems and solutions. With well over 20 years of cybersecurity experience, The Cipher’s Founders and Senior Team of cybersecurity experts realized that a new, innovative, and game-changing perspective was needed in the way Security Vendors implement Digital Security for their clients. A simpler and more efficient way.
