Cynomi, a cybersecurity company on a mission to revolutionise how service providers deliver cybersecurity and compliance services, has secured its Series B.
The firm has secured $37m in Series B funding, a round co-led by Insight Partners and Entrée Capital. Existing investors Canaan, Flint Capital and S16VC also returned to back the company in this latest round.
Cynomi provides a virtual chief information security officer (vCISO) platform powered by agentic AI. The platform is designed to help managed service providers (MSPs), managed security service providers (MSSPs), and consultancies scale their cybersecurity offerings with reduced manual effort.
With the new capital, Cynomi plans to enhance its AI capabilities and deepen its suite of cybersecurity, compliance, and business intelligence tools. The company also aims to improve its partner enablement functions, equipping service providers with features that support not only service delivery but also sales and differentiation. Part of the funding will support Cynomi’s geographical expansion in both the U.S. and European markets.
The company’s platform has been credited with driving efficiency for partners, reportedly cutting manual workloads by up to 70%. Following a strong period of commercial momentum, Cynomi posted a 4.5x growth in annual recurring revenue in 2023 and tripled it again in 2024.
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