CyCognito Funding Round Raises $100 Million

The latest CyCognito funding round has raised $100 million just three-and-a-half years after the company was founded. This brings the company’s total amount raised to $153 million.

CyCognito’s Rob Gurzeev

Rob Gurzeev is CEO and co-founder of CyCognito.

“Our No. 1 priority is to provide global enterprises with world-class attack surface protection,” Gurzeev said. “Our proactive approach to discovering and prioritizing risk … provides security teams with the insight and confidence to quickly preempt potential attacks.”

A Modern Approach

CyCognito says its platform is the first external attack surface management platform to deliver a complete solution to quickly prioritize, investigate and respond to potential security risks. It uses machine learning (ML) and natural language understanding (NLU). In addition, the platform autonomously builds a graph data model that shows an organization’s business structure. This includes the company’s name to the hundreds of departments, subsidiaries, acquisitions and brands an organization owns. The platform then scans billions of servers and devices across the internet to contextualize and identify exposed and unmanaged assets that could be entry points for attackers.

Several Fortune 500 companies, including Colgate-Palmolive, Emerson and Tesco, use the CyCognito platform. So do governments such as the State of California.

Colgate-Palmolive Company’s Alex Schuchman

Alex Schuchman is chief information security officer at Colgate-Palmolive Company.

“Protecting our partners and customers is important to us,” Schuchman said. “CyCognito provides our company with cutting-edge technology, giving our team visibility into all our web facing assets globally in an easy-to-use interface. … This technology gives us the opportunity to effectively remediate the identified security risks and rapidly improve our company’s security posture.”

Critical Infrastructure

This round of financing comes on the heels of significant growth in revenue and customer adoption. In the last year, the company generated 400% growth in year-over-year revenue.

Steve Westly is founder and managing partner of The Westly Group.

“As the world evolves and businesses innovate, the need to protect critical infrastructure and attack surfaces becomes more critical,” Westly said. “We represent many of the world’s largest energy and transportation companies. CyCognito’s next-gen approach to attack surface management couldn’t come at a better time, with virtually every organization making the shift to digital transformation and supporting remote and hybrid workforces.”