Browse by year:
Cyphort's Growth Plan Given A Shot In The Arm By The Latest Round Of Funding of $30 Million
SI Team
Thursday, July 2, 2015
Cyphort, whose expertise lie in corporate espionage and IP theft announced that it has raised $30 million in Series C funding round. The funding round was led by Sapphire Venture and was joined by Trinity Ventures, Foundation Capital and Matrix Partners. This funding will help the company in ushering rapid growth while also providing an opportunity for expansion in newer markets. "This series C round is another great milestone for Cyphort as we continue our tremendous growth and traction in security space", said Manoj Leelanivas, CEO of Cyphort. This latest round of funding comes as an impetus in Cyphort's efforts for expansions. Over the last one and a half years, the company has witnessed exponential growth in revenue and customer demand. The company has expanded its base of Global 1,000 enterprise while also expanding into varied verticals like technology, media, finance etc.

Cyphort is a provider of Advanced Threat Protection solutions which delivers a complete defense mechanism against Advanced Persistent Threats, targeted attacks and zero day vulnerabilities. The Cyphort Platform identifies and analyzes next generation malware while providing actionable, contextual intelligence that helps the security team to respond with a counter attack. In 2015, the company announced that it became the first in the industry to combine APT detection with lateral movement. Cyphort was named "Rookie Security Company of the Year" by SC Magazine and was recognized as one of the "Must-have security tools" in the enterprise by Network World.

Share on LinkedIn