Announcing: We’ve Raised an Additional $20M to Bring Expert-level Security to SMEs

As the co-founder and CEO of Cynomi, I’m excited to share a major milestone in our journey. We’ve successfully secured $20 million in funding! This investment was led by Canaan, along with return investors Flint, S16V and Aloniq. It will fuel our mission to bring more robust, comprehensive and standardized security and compliance services to SMEs worldwide. Cynomi addresses the CISO expertise gap for MSPs and MSSPs in an automated manner, enabling them to scale their business and provide expert-level and affordable security and compliance services to SMEs.

Our Vision: Robust Security for SMEs

When Roy Azoulay and I founded Cynomi, we were driven by a shared vision to address a significant gap in the cybersecurity market. Our backgrounds gave us a unique perspective: mine as a Lt. Colonel in IDF’s elite unit 8200 and the Technology Executive Director of Israel’s cyber authority, and Roy’s as a serial entrepreneur and the head of Oxford University’s startup incubator. We were able to clearly see the challenges faced by SMEs in securing their digital assets. We saw that despite SMEs’ inherent role in the global economy and their vulnerabilities in the eyes of attackers, they were often overlooked in the cybersecurity landscape.

AI-powered and Automated Cybersecurity Expertise

Cynomi is an AI-powered vCISO platform, designed to serve MSPs and MSSPs. This platform is a strategic solution that automates CISO expertise, capabilities and tasks. Based on the knowledge and experience of top global CISOs, it ensures MSPs/MSSPs can provide high-level cybersecurity and compliance services to their clients, without having to hire an in-house CISO.

The response to Cynomi has been overwhelmingly positive, with over 100 service providers already leveraging our platform to protect their clients more effectively. We expect this number to significantly grow in the upcoming years, as vCISO services are among the fastest-growing segments in cybersecurity today. According to our findings, 86% of MSPs and MSSps plan to provide or add vCISO services by the end of this year, a 500% increase!

Expanding Security and Compliance Reach

This funding round will help us scale our operations internationally, further enhance our platform, bring awareness to its capabilities and deepen our engagement with partners. Our goal is to continue innovating in a way that changes how cybersecurity services are delivered to SMEs worldwide. We’re also excited about the opportunity to continue helping our partners expand their business into strategic cybersecurity services, enjoy client retention and secure recurring revenue and upsell opportunities.

Thank You

The need for robust, accessible cybersecurity and compliance has never been greater. Thank you to our investors, Canaan, Flint, S16VC and Aloniq, for the vote of confidence in Cynomi and the team. Thank you to our MSP and MSSP partners for sharing our vision to bring security to SMEs worldwide. Finally, thank you to the hard-working and dedicated team at Cynomi, who has built the leading vCISO platform. Together, we are making a significant impact in the world.