Cynomi, startup that provides a virtual Chief Information Security Officer (vCISO) platform tailored for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs), announced a new $37 million Series B funding this week.
Co-founded by David Primor (CEO) and Roy Azoulay (COO) in 2020, Tel Aviv, Israel-based Cynomi said the new capital is primarily earmarked for accelerating the development of its AI-driven vCISO platform, scaling sales and operational presence in the US and Europe, and expanding its market reach to encompass a broader range of service providers.
The focus on a vCISO platform places Cynomi in a specific segment aimed at automating and scaling strategic security management functions, such as risk assessment, compliance management, and security policy development, rather than solely operational security tasks.
Currently serving MSPs, MSSPs, consultancies, and telecommunications companies, Cynomi plans to extend its platform’s availability to include system integrators and value-added resellers.
The company currently has global offices in Israel, the UK, and USA.
Insight Partners, a venture capital and private equity firm known for investing in scaling software companies, co-led the investment alongside Entrée Capital, a firm with strong ties to the Israeli technology ecosystem. Existing investors Canaan, Flint Capital, and S16VC also participated in the round.