Israel cynet aipowered 40m series america
Israel cynet aipowered 40m series america has raised $40 million in a series C funding round to expand its AI-powered platform in North America. The funding round was led by Greenfield Partners, with participation from existing investors Norwest Venture Partners, Vintage Investment Partners, and Deutsche Telekom Capital Partners. Cynet’s platform offers a comprehensive solution for protecting organizations from cyber threats, including malware, ransomware, and phishing attacks. The platform uses AI and machine learning to detect and respond to threats in real-time, providing organizations with a complete view of their security posture.
Expanding Presence in North America
With the new funding, Cynet plans to expand its presence in North America, where it has already established a strong customer base. The company will use the funds to hire additional sales and marketing staff, as well as to invest in product development. Cynet’s platform has already gained recognition in the cybersecurity industry, winning the Best Endpoint Detection and Response Solution award at the 2020 SC Awards. The company has also been named a Gartner Cool Vendor in Security Operations and Threat Intelligence.
The Importance of AI in Cybersecurity
As cyber threats continue to evolve and become more sophisticated, the use of AI and machine learning is becoming increasingly important in cybersecurity. These technologies can help organizations detect and respond to threats faster and more accurately than traditional methods. Cynet’s platform is designed to be easy to use and deploy, making it accessible to organizations of all sizes. The platform offers a range of features, including endpoint protection, network security, and threat intelligence.
Cynet’s latest funding round is a testament to the growing importance of AI-powered cybersecurity solutions. With the new funds, the company will be able to expand its presence in North America and continue to develop its platform to meet the evolving needs of organizations. As cyber threats continue to pose a significant risk to businesses, the use of AI and machine learning will become increasingly important in protecting against these threats.