Cymulate Company Profile

Background

Overview

Founded in 2016, Cymulate is a cybersecurity company specializing in breach and attack simulation (BAS) solutions. The company offers a SaaS-based platform that enables organizations to continuously assess and optimize their security posture by simulating cyberattacks across the entire kill chain. This proactive approach allows businesses to identify vulnerabilities and enhance their defenses against evolving threats.

Mission and Vision

Cymulate's mission is to empower organizations worldwide to safeguard their business-critical assets by providing continuous, automated security validation. The company's vision is to make advanced cybersecurity as simple and familiar as sending an email, ensuring that businesses can stay ahead of every threat.

Industry Significance

In the rapidly evolving cybersecurity landscape, Cymulate plays a pivotal role by offering organizations the tools to proactively test and improve their security measures. By simulating real-world attack scenarios, Cymulate helps businesses understand their security gaps and implement effective remediation strategies, thereby enhancing overall cyber resilience.

Key Strategic Focus

Core Objectives

• Continuous Security Validation: Provide organizations with the ability to continuously assess their security posture through automated simulations.

• Threat-Informed Defense Optimization: Enable businesses to optimize their defenses based on the latest threat intelligence and attack techniques.

Areas of Specialization

• Breach and Attack Simulation (BAS): Simulating various cyberattack scenarios to identify vulnerabilities.

• Extended Security Posture Management (XSPM): Offering a comprehensive approach to managing and improving an organization's security posture.

Key Technologies Utilized

• Automated Attack Simulations: Deploying thousands of attack simulations to test security controls.

• AI-Driven Analytics: Utilizing artificial intelligence to analyze simulation results and provide actionable insights.

Primary Markets Targeted

Cymulate serves a diverse range of industries, including financial services, healthcare, retail, and energy, providing solutions tailored to the unique security challenges faced by each sector.

Financials and Funding

Funding History

Cymulate has successfully raised a total of $141 million through multiple funding rounds:

• Series D (September 2022): $70 million

• Series C (May 2021): $45 million

• Series B (November 2019): $15 million

• Series A (March 2019): $7.5 million

• Seed Round (March 2017): $3 million

Notable Investors

The company's investors include One Peak Partners, Vertex Ventures Israel, Vertex Growth, Dell Technologies Capital, and Susquehanna Growth Equity.

Utilization of Capital

The funds raised have been allocated towards advancing Cymulate's technological capabilities, expanding global operations, and enhancing go-to-market strategies. Notably, the Series D funding aimed to increase staff by 75% to support these initiatives.

Technological Platform and Innovation

Proprietary Technologies

• SaaS-Based BAS Platform: A cloud-native platform that allows organizations to simulate cyberattacks and assess their security defenses continuously.

Significant Scientific Methods

• Automated Attack Simulations: Deploying thousands of attack scenarios to test security controls and identify vulnerabilities.

• AI-Driven Analytics: Utilizing artificial intelligence to analyze simulation results and provide actionable insights for remediation.

Leadership Team

• Eyal Wachsman, Co-Founder & CEO: With over 20 years of experience in information security, Eyal previously served as Vice President of Sales and Business Development at Avnet Cyber & Information Security.

• Avihai Ben-Yossef, Co-Founder & CTO: A former IDF Intelligence Unit member, Avihai led the Cyber Research Team at Avnet Cyber & Information Security before co-founding Cymulate.

• Roei Khermosh, CFO: Bringing over 15 years of finance leadership experience, Roei has expertise in leading financial operations in fast-growing environments, including M&As and restructuring.

• Margo Kahnrose, CMO: With 20 years of full-stack marketing experience, Margo specializes in demand generation, brand strategy, and team operations.

• Katia Levitin, Chief of Staff: Overseeing strategic operations and cross-functional collaboration, Katia enhances workflow efficiencies and works closely with the CEO and executive teams.

• Eynat Grunewald, General Counsel: With over 10 years of legal experience, Eynat oversees legal matters, provides strategic legal counsel, and ensures regulatory compliance.

Leadership Changes

In October 2024, Cymulate expanded its sales leadership team with the appointments of:

• David Roth, General Manager and Vice President for the Americas

• Noam Markfeld, Vice President of Sales for Europe, the Middle East, and Africa (EMEA)

These appointments aim to strengthen Cymulate's market presence and drive growth in key regions.

Competitor Profile

Market Insights and Dynamics

The breach and attack simulation (BAS) market is experiencing significant growth, driven by the increasing need for organizations to proactively assess and enhance their cybersecurity defenses. As cyber threats become more sophisticated, businesses are investing in solutions that provide continuous security validation and exposure management.

Competitor Analysis

Cymulate operates in a competitive landscape with several key players:

• Pentera: Focuses on attack path validation but lacks the depth provided by Cymulate for comprehensive defense assessment.

• Picus Security: Offers breach and attack simulation with on-premise options but does not cover the full kill-chain or cloud control validation as extensively as Cymulate.

• NetSPI: Provides penetration testing as a service (PTaaS) but may limit organizations seeking independent assessment and defense strengthening.