Jun 30, 2020 | News | Jerusalem & Area

Israeli cybersecurity co Cynet raises $18m

Israeli autonomous breach protection company Cynet has raised $18 million in a SeriesB+ financing round led by BluRed Partners and with the participation of the Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund and Merlin International and existing investors Norwest Venture Partners and Ibex Investors. This latest financing round brings the total raised by the company to $39 million.

The company says that the funds will be used to expand in the US and international markets and make new hires to expand its development team.