Cymatic closes $4.5m in funding to support technology development

Cymatic has closed its seed funding round on $4.5m to support development of its entity behaviour analytics services.

The cybersecurity company received the funding from ‘prominent’ private angel investors, which were not named. The equity injection is set to fuel the development of user and entity UEBA) pre-endpoint platform and to accelerate customer growth.

Cymatic leverages machine learning and autonomous remediation technology to protect and secure web applications, pre-endpoint. The platform blocks any breached credentials and can pre-emptively identify whether the user is vulnerable for being used in an attack.

Its autonomous threat resolution tools block unknown threats, before they reach a network and if a threat which does reach the system, its remediation engine and security chatbot will resolve the issue in real-time.

Cymatic co-founder and CEO Jason Hollander said, “Web applications continue to be highly vulnerable to human derived threats such as poor credential and device hygiene. Unfortunately, today’s current security solutions fail at really understanding how a user’s security hygiene directly affects the cyberhealth of companies they interact with.

“That’s why we built the only platform capable of assessing a user’s security hygiene in realtime and remediating any threats before they leave the browser. With this investment, we will further advance the Cymatic Platform and help organizations eliminate the risks they currently can’t see.”

The company has also revealed it has named former Cylance senior executive Malcolm Harkins as its new chief security and trust officer.

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