Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Cynamics raises $7 million to bring AI-driven Network Detection and Response to North America

Cynamics has raised $7 million led by Marius Nacht, Checkpoint Software Technologies co-founder and one of Israel’s leading serial entrepreneurs, tech founders and investors, with the participation of Colibri Technologies and Fantail Ventures. The company is establishing a new headquarters in Boston, which will lead expansion in the U.S. and serve over 80 North American customers to date.

Recommended AI News: Anthology and Blackboard to Merge, Creating a Leading Global Provider of Education Software and Solutions

Cynamics developed the world’s first cybersecurity solution based on network samples. It collects small network samples (less than 1%) from the main network gateways and uses unique patented AI technology to infer how the full network (100%) behaves and to predict attacks and threats long before they hit. Once a threat is predicted, the customer gets a complete attack story based on auto-drill-down from the gateways through the network assets down to specific compromised endpoints. The solution triggers instantaneous action, enabling immediate and automatic mitigation.

The company has laid the foundation for a leadership position in the North American cybersecurity space, including:

Related Posts
1 of 4,671
  • Adoption to date by over 80 customers in the U.S. and Canada, including hospitals, cities and local authorities, security agencies, public safety agencies and ISPs.
  • Enhancement of existing and development of new partnerships with North American MSPs and MSSPs.
  • Broadening the market opportunity to almost 30 million SMBs in the United States.
  • Onboarding former Fortinet sales leader David Ryan as vice president for sales to drive GTM in North America.

Recommended AI News: Prophecy DeFi Announces Acquisition of 100% of Layer2 Blockchain

Eyal Elyashiv, co-founder and CEO, Cynamics, said: “Changing trends in networking architectures and the impact of the pandemic make networking infrastructures into complex, distributed topologies, which challenge network detection and response. As a result, CISOs are forced to compromise and monitor only a limited part of the network. This creates blind spots that result in security breaches. Cynamics offers a new paradigm that provides full network coverage based on analyzing only 1% of traffic and the ability to detect attacks and threats with highest possible precision. Moreover, our solution predicts threats minutes before existing tools can – a critical time frame that can be the difference between smooth remediation and millions of dollars in recovery.”

Ophir Shoham, former Director of Defense R&D Directorate at the Israeli Ministry of Defense (MAFAT) who manages Marius Nacht’s investments in high-tech said: “Cynamics developed a very unique technology, which is network agnostic and easy to adopt, allowing the company to reach a wide variety of customers quickly and positioning it as a next generation NG NDR leader. Cynamics has the right ingredients to build a great company: strong team, proven innovative technology, huge market and a real need for the solution that the company offers.”

Recommended AI News: SkyBridge and NAX Announces Groundbreaking Partnership to Accelerate the Growth of Decentralized Applications on Algorand

Comments are closed.