XM Cyber Company Profile
Background
XM Cyber is a cybersecurity firm established in 2016 in Herzliya, Israel, by former Mossad Director Tamir Pardo, alongside Noam Erez and Boaz Gorodissky. The company specializes in hybrid cloud security solutions, focusing on breach and attack simulation (BAS) to proactively identify and remediate potential cyber threats.
Key Strategic Focus
XM Cyber's primary objective is to enhance organizational security by simulating advanced persistent threats (APTs) across on-premises and multi-cloud environments. Their platform, HaXM, continuously tests cyber defenses, identifies attack vectors, and provides prioritized remediation strategies. This approach enables organizations to visualize potential attack paths and strengthen their security posture effectively.
Financials and Funding
Prior to its acquisition, XM Cyber secured significant funding:
- Series A Funding (November 2018): Raised $22 million with participation from Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and UST Global.
- Series B Funding (July 2020): Secured an additional $17 million to accelerate cloud development initiatives.
In November 2021, XM Cyber was acquired by the Schwarz Group, the world's fourth-largest retailer, for $700 million.
Technological Platform and Innovation
XM Cyber's HaXM platform stands out due to its:
- Automated Breach and Attack Simulation: Continuously simulates APTs to uncover vulnerabilities without disrupting business operations.
- Hybrid Cloud Security: Provides comprehensive visibility across on-premises and multi-cloud environments.
- Prioritized Remediation: Offers actionable insights, enabling organizations to address the most critical security gaps efficiently.
Leadership Team
- Noam Erez, Co-Founder and CEO: With over 25 years in the Israeli Intelligence Community, Erez brings extensive managerial experience in technological and operational divisions.
- Boaz Gorodissky, Co-Founder and CTO: A 30-year veteran of the Israeli Intelligence Community, Gorodissky has led technology divisions overseeing thousands of engineers and large-scale budgets.
- Tamir Pardo, Co-Founder and President: Former Director of Mossad, Pardo co-founded XM Cyber, leveraging his extensive experience in intelligence and security.
Competitor Profile
Market Insights and Dynamics:
The breach and attack simulation market is experiencing significant growth, driven by the increasing complexity of cyber threats and the need for proactive security measures. Organizations are investing in solutions that provide continuous assessment and improvement of their security postures.
Competitor Analysis:
- AttackIQ: Founded in 2013, AttackIQ offers a security optimization platform that enables organizations to test and validate their security controls continuously.
- SafeBreach: Established in 2014, SafeBreach provides a BAS platform that simulates attacks to identify vulnerabilities and validate security controls.
- Cymulate: Founded in 2016, Cymulate offers a BAS platform that allows organizations to assess their security posture by simulating cyberattacks across various vectors.
Strategic Collaborations and Partnerships
In June 2022, XM Cyber acquired Israeli startup Cyber Observer, enhancing its cyber risk management platform with continuous controls monitoring capabilities. This acquisition aims to provide security teams with real-time visibility into cyber exposures and the effectiveness of existing security controls.
Operational Insights
XM Cyber's approach of simulating attacks from an adversary's perspective allows organizations to proactively identify and remediate vulnerabilities. This methodology differentiates XM Cyber from competitors by providing continuous, automated assessments that adapt to evolving threat landscapes.
Strategic Opportunities and Future Directions
Under the ownership of the Schwarz Group, XM Cyber is positioned to expand its global footprint and accelerate innovation in hybrid cloud security solutions. The integration of Cyber Observer's continuous controls monitoring further enhances its platform, offering comprehensive risk management capabilities to clients.
Contact Information
- Website: xmcyber.com
- LinkedIn: linkedin.com/company/xm-cyber
- Twitter: twitter.com/xmcyber
- YouTube: youtube.com/channel/UC1FJ5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5FD5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5F5
