Cynomi Secures $37M in Series B Funding to Expand Agentic AI Cybersecurity Platform Capabilities for Service Providers [Yahoo! Finance]
monday.com Ltd. - Ordinary Shares (MNDY)
Company Research
Source: Yahoo! Finance
Tel Aviv, Israel, April 23, 2025 (GLOBE NEWSWIRE) -- Cynomi , a leading vCISO platform provider for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs), today announced the successful completion of its $37 million Series B funding round. The round was co-led by Insight Partners and Entrée Capital, with continued support from existing investors Canaan Flint Capital , and S16VC . This strategic investment is set to accelerate product development and global expansion, further cementing Cynomi's position as the standard cybersecurity agentic AI platform for service providers of all types. Cynomi saw 3x ARR growth during 2024, following a 4.5x increase the previous year. The company, which currently supports MSPs, MSSPs, consultancies, and telcos, will use the funding to serve a broader range of service providers, including integrators and resellers. The investment will also enable Cynomi to scale its sales operations in the US and drive further expansion thr
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