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HomeFunding Israel-based Cynomi Secures $20 Million in Funding

[Funding Alert] Israel-based Cynomi Secures $20 Million in Funding

Cynomi, a Israel-based developer of vCISO platforms for MSPs and MSSPs has raised $20 million in funding. Canaan led the investment, with return investors including Flint Capital, s16vc, and Aloniq.

Cynomi, a Israel-based developer of vCISO platforms for MSPs and MSSPs has raised $20 million in funding. Canaan led the investment, with return investors including Flint Capital, s16vc, and Aloniq.

Cynomi is an AI-powered vCISO platform, designed to serve MSPs and MSSPs. This platform is a strategic solution that automates CISO expertise, capabilities and tasks. Based on the knowledge and experience of top global CISOs, it ensures MSPs/MSSPs can provide high-level cybersecurity and compliance services to their clients, without having to hire an in-house CISO.

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The response to Cynomi has been overwhelmingly positive, with over 100 service providers already leveraging their platform to protect their clients more effectively. They expect this number to significantly grow in the upcoming years, as vCISO services are among the fastest-growing segments in cybersecurity today. According to their findings, 86% of MSPs and MSSps plan to provide or add vCISO services by the end of this year, a 500% increase.

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This funding round will help them to scale their operations internationally, further enhance their platform, bring awareness to its capabilities and deepen their engagement with partners. Their goal is to continue innovating in a way that changes how cybersecurity services are delivered to SMEs worldwide.

About Cynomi

Cynomi‘s AI-driven, automated vCISO platform, MSSPs and consulting companies can offer vCISO services at scale without having to increase their own resource capacity. Everything a vCISO requires is automatically generated by Cynomi’s multi-tenant platform customized security rules, risk and compliance assessments, proactive remediation plans with prioritized activities, task management tools, and reports that are visible to customers.

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