[Cyware] Cytactic Raises $16M in Seed Funding

Summary: Cytactic, a cyber crisis readiness and management platform, has raised $16 million in seed funding to expand its operations and development efforts.

Threat Actor: N/A
Victim: N/A

Key Point :

  • Tel Aviv-based company Cytactic has secured $16 million in seed funding led by Evolution Equity Partners.
  • The funds will be used to expand the company’s operations and further develop its cyber crisis readiness and management platform.

Cytactic, a Tel Aviv, Israel-based provider of a platform pioneering cyber crisis readiness and management, raised $16M in Seed funding.

The round was led by Evolution Equity Partners.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO and founder Dr. Nimrod Kozlovski, Cytactic provides a SaaS platform that offers a solution that consolidates crisis readiness, response, and recovery used to versatile business profiles and risk landscapes. It empowers organizations to handle the mounting threat to their business in case of a cyber crisis with a simplified, orchestrated, step-by-step methodology involving all relevant stakeholders and roles.

FinSMEs

10/07/2024

Source: https://www.finsmes.com/2024/07/cytactic-raises-16m-in-seed-funding.html


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