Israeli cybersecurity startup Cynomi has raised $20 million from Canaan, Flint Capital, s16vc and Aloniq. The Series A round closed on April 16, 2024.
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Cynomi was founded in 2020. The company develops cybersecurity solutions for small and medium-sized businesses. The startup has created a virtual vCISO platform that provides digital security to customers.
An AI-based algorithm helps you quickly create and implement an effective individual cyber strategy.
The money raised in the latest round by Cynomi will be used to scale the business and improve the product, the company said in a statement.
A fund of Russian origin, Flint Capital, has already invested in Cynomi: two years ago it was the lead investor in a $3.5 million round. At the time, this was the company’s first investment.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
