CyCognito, an attack surface management platform, has raised $100M in a Series C round that drew participation from Accel, Lightspeed Venture Partners, UpWest, Westly Group, Sorenson Ventures, Thomvest Ventures, and The Heritage Group.

HOW’S THE COMPANY PERFORMING?

  • California-based CyCognito uses bot technology to simulate cyberattacks and reveal organizational security weaknesses. Its bots scan billions of web apps, logos, icons, software, and fragments of code and keywords to identify possible attack vectors.
  • The company’s revenue has grown 400% over the past 12 months.
  • CyCognito’s Fortune 500 client base, which includes enterprises like Colgate-Palmolive, Tesco, and Scientific Games, has increased 3x over the past year as well. Its client base also includes government entities, like the State of California.
  • The company plans to increase its employee count to 140 by the end of 2021, up from 85 at the start of the year.
  • CyCognito has offices in the US and Israel.

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The post Developer Of Bot Technology CyCognito Raises At $800M Valuation To Fight Cyberattacks appeared first on CB Insights Research.

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