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Power Law company profile

CYE

Cybersecurity · Herzliya, Israel · Founded 2011

CYE, short for Cybersecurity Excellence, was founded in 2012 by Reuven Aronashvili and Haim Shani. The company emerged from Israel, a nation renowned for its cybersecurity expertise, with a mission to revolutionize how organizations approach cyber risk management. Aronashvili, leveraging his experience from Israel's elite Red Team unit, aimed to create a platform that not only identifies vulnerabilities but also quantifies the financial impact of cyber threats. In its early years, CYE focused on developing a robust cybersecurity optimization platform. This platform enables businesses to assess, quantify, and mitigate cyber risks, allowing them to make informed security decisions and invest in effective remediation strategies. The company's innovative approach quickly gained traction, attracting a diverse clientele seeking to enhance their cybersecurity posture. A significant milestone in CYE's journey occurred in February 2021, when the company raised $100 million in a growth round led by EQT, with participation from 83North. This funding round was pivotal, providing CYE with the resources to expand its global footprint and further develop its platform capabilities. Today, CYE stands as a leader in the cybersecurity industry, known for its ability to transform complex cybersecurity challenges into manageable solutions. The company's journey reflects a commitment to excellence and innovation, positioning it as a trusted partner for organizations worldwide in the ever-evolving landscape of cyber threats.