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Cynomi, a 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. 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. 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.
Read more: https://www.securityweek.com/cynomi-raises-37-million-series-b-to-expand-its-vciso-platform/