Cymulate raises $70M for continuous security …>
Daily Host News – Amy Sarah John
Cymulate recently announced that it raised $70 million in Series D funding led by existing investors One Peak, along with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital. To date, Cymulate has raised $141 million.

Cymulate states in its press release that there is a global shortage of 2.72 million cybersecurity professionals, and in-house security resources are overloaded with work, which, it says, increases the need for its real-world solutions that cover the security gaps quickly and efficiently, rationalize technology, enable staff upskilling and improve processes.

Cymulate more than doubled its annual recurring revenue in 2021 and grew over 200% in North America alone. It serves more than 500 customers globally, including Fortune 500 companies and strategic partners like Optiv and Wipro. By the end of 2022, Cymulate expects to further increase its staff by 75% to continue supporting its go-to-market efforts.

Cymulate has appointed two C-level executives to strengthen the companyâs leadership. Maria Mastakas is appointed as the Chief Operating Officer and Carolyn Crandall is the Chief Marketing Officer (CMO) and Chief Security Advocate of Cymulate.

Maria Mastakas was previously the Chief Revenue Officer of threat intelligence provider Digital Shadows (acquired by Reliaquest). Carolyn Crandall joins Cymulate from Attivo Networks (acquired by SentinelOne) where she served as CMO and Chief Security Advocate.
Link: https://www.dailyhostnews.com/cymulate-raises-70m-for-continuous-security-posture-testing-in-series-d-funding