BALA CYNWYD, Pa., March 10, 2017 /PRNewswire/ -- Cymulate has announced that it completed a $3 million Series A round of financing led by Susquehanna Growth Equity, LLC (SGE). Cymulate was founded by Eyal Wachsman and Avihai Bar Yosef, veterans of the cyber-security industry.
Cymulate is a SaaS based cyber attack simulation company that helps organizations with complex security solutions safeguard their business-critical assets. Cymulate's unique platform assesses the security preparedness of their customers' systems. By exposing hidden vulnerabilities and offering actionable insights, Cymulate helps identify and resolve security gaps before they are exploited, saving their customers' time, money and reputation.
Cymulate is innovating in the $6 billion penetration test market by providing a cloud based on-demand solution rather than the traditional quarterly or annual manual service that is labor and time intensive. With Cymulate's solution, customers are able to check their cyber security posture and identify risks in real-time.
SGE's funding is in addition to the seed round that was led by Eyal Gruner. Gruner is the CEO of Cynet and previously worked with SGE as the CEO and Founder of Versafe, a fraud prevention solution that was acquired by F5 Networks, Inc. in 2013.
About Susquehanna Growth Equity, LLC
Susquehanna Growth Equity, LLC (SGE) invests in growth stage technology companies in the software, information services, Internet and financial technology sectors. The firm is backed by a unique and patient capital base that allows management teams the freedom and flexibility to maximize growth. To learn more, please visit us at www.sgep.com.
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SOURCE Susquehanna Growth Equity, LLC