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.
Source: The Fintech Times
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