Cygent

About Cygent

Founded in 2015 by Eyal Gruner and Netanel Amar, Cynet is a cybersecurity company that originated in Tel-Aviv, Israel, and is now headquartered in Boston, United States. The firm was established with the vision of making comprehensive breach protection accessible to organizations of any size, particularly those without the extensive resources of large corporations. Co-founder Eyal Gruner's journey in cybersecurity began at the age of 15 when he identified a vulnerability in a major Israeli bank's ATM system. This early start led him to found his first cybersecurity consultancy, BugSec, at 16, and later, a startup named Versafe, which he sold to F5 Networks for a significant sum at the age of 24. This deep-seated experience in cybersecurity shaped Cynet's mission to simplify threat detection and response.

Cynet operates in the cybersecurity market, providing a threat detection and response platform primarily for small to medium-sized enterprises (SMEs) and managed service providers (MSPs). These clients often have limited IT security teams and budgets, making Cynet's all-in-one, cost-effective solution an attractive proposition. The company's business model is centered on a Software-as-a-Service (SaaS) subscription to its platform. Revenue is generated through these subscriptions and a partner program, the Cynet Ignite Partner Program, which empowers MSPs and resellers to deliver security services to their clients.

The company's core offering is the Cynet 360 platform, an autonomous breach protection solution. This platform integrates multiple security technologies into a single interface, including Extended Detection and Response (XDR), Endpoint Protection Platform (EPP), User and Entity Behavior Analytics (UEBA), network traffic analysis, and Security Orchestration, Automation, and Response (SOAR). A key feature is its use of AI and machine learning to automate threat detection, investigation, and remediation, which reduces the workload on security teams. The platform provides broad visibility across endpoints, networks, users, and cloud applications. For clients requiring additional support, Cynet offers a 24/7 Managed Detection and Response (MDR) service called CyOps, staffed by security experts who provide real-time monitoring, threat hunting, and incident response assistance. Cynet has achieved notable milestones, including raising a total of $79 million in funding over four rounds, with a significant $40 million Series C round in March 2021. The company has also been recognized for its technical performance, achieving high scores in MITRE ATT&CK Evaluations for detection and protection capabilities.