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    Home»Deals»CYE Raises $100 million in Funding Round To Boost Expansion Plans
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    CYE Raises $100 million in Funding Round To Boost Expansion Plans

    February 21, 2021Updated:February 21, 20211 Min Read
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    Cybersecurity firm CYE has raised more than $100 million in a financing round, led by the global investment organisation EQT Private Equity, with participation from existing investor 83North.

    Founded in 2012 and headquartered in Israel – with offices in the US and UK – CYE counts Investec Bank, UBS and Swiss payment app TWINT among its clients.

    CYE’s solutions are designed to mimic real-world attacks on digital infrastructure, to help companies develop optimised risk prioritisation and mitigation plans. Its flagship product Hyver uses advanced algorithms and graph modeling to conduct a comprehensive cybersecurity assessment, covering the entire organisation, as well as third-party vendors.

    According to CYE, its approach is the closest an organisation can get to experiencing a cyberattack without paying the consequences.

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    Source: The Fintech Times

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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