CYFIRMA gains Series A funding from Z3Partners
CYFIRMA has announced to raise Series A round of funding from Z3Partners, an early- growth Private Equity Fund that is known to discover nascent technology trends and support entrepreneurs in their journey towards market leadership. With this investment, Z3Partners joins Goldman Sachs and Zodius Capital as a shareholder of CYFIRMA. The Company has raised $8 million till date including the current round.
This new investment round comes just four months after CYFIRMA’s separation from Antuit Group in October 2019. This latest round of funding reaffirms CYFIRMA’s business model and strengthens its position as a fast-rising cybersecurity and threat intelligence player.
The funds will be used to support the development roadmap of CYFIRMA’s cyber-intelligence analytics platform, adding functionalities that will enhance its predictive capabilities as well as building adjacent features that will complete the cybersecurity ecosystem.
Ritesh Kumar, Founder and CEO of CYFIRMA, says, “CYFIRMA has been disrupting the cybersecurity landscape since its inception - born out of the urgent need to help business leaders decipher relevant and critical threats in a sea of noise so that decisive actions can be taken to prevent massive brand and financial damages. Our unique way of looking at cyber threat analytics, gathering intelligence across deep and dark web as well as surface web to unravel motivations of threat actors and stop cyber-attack at its track has been a winning formula for many of our clients. I’m glad Z3Partners share in our vision. Having the financial support of Z3Partners will accelerate our product engineering efforts, grow our team, and bring our innovative threat intelligence platform to new markets rapidly.”
Gautam Patel, Managing Partner Z3Partners, comments, “We are excited to partner with Kumar Ritesh and his team to build CYFIRMA into a dominant cyber threat analytics global player. CYFIRMA’s offering is well-timed with the rapidly increasing demand for quality threat intelligence to guide digital transformation and drive business results. The platform is a powerful solution to bring threat intelligence conversations into boardrooms across all industries and we look forward to collaborating with and supporting them as they work to build a great company in an exciting category.”