US-based and Israeli cyber security start-up Cymulate plans to extend its technological capabilities and expand globally following a $70m Series D funding boost, doubling Cymulate's total raised to $141m.
The latest funding round was led by existing investor One Peak, with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and strategic backer Dell Technologies Capital also participating in the funding.
Eyal Wachsman, CEO and Co-Founder of Cymulate, said: "In a market where every business must be prepared to fight advanced threats, I am proud of our team's ability to innovate and respond quickly to the constant turbulence of cybersecurity. Our funding from existing investors is a further testament to their confidence in our company, direction, and continued vision.”
The firm said it plans to use the proceeds from the funding round to grow its headcount by 75% this year after appointing Maria Mastakas as COO and Carolyn Crandall as CMO and CSA.
