CyCognito Raises $30 Million in Series B Funding

CYCOGNITO RAISES $30 MILLION IN SERIES B FUNDING

Enables Expanded Market Presence for Unique Approach to Uncover and Assess Risk of Attacker Exposed Business Systems and Assets

PALO ALTO, CA, June 23, 2020 – CyCognito Inc., the leader in uncovering and prioritizing risk from attacker-exposed systems and assets, today announced that it has raised $30 million in Series B funding, bringing the company’s total funding to $53 million. Accel led the round with participation from previous investors Lightspeed Venture Partners, Sorenson Ventures and UpWest. CyCognito will utilize the funding to take advantage of its lead and unique position in identifying the externally-exposed systems and digital assets that are either unknown, uncontrolled or abandoned, but present the biggest business risks to an organization.

“The CyCognito platform stands apart from attack surface management and security ratings services because it is the only solution we found that extensively maps and organizes the enterprise attack surface while identifying and prioritizing the most critical attack vectors. With that, we can proactively eliminate those risks,” says the CISO of one of the five largest US insurance companies, a Global 500 company.

As part of today’s announcement, Eric Wolford, Partner at Accel, will join the CyCognito Board of Directors. With the addition of Accel, CyCognito is now backed by two of the top five venture firms focused on enterprise software.