Cyware secures $10m in its Series A round to support product enhancements

Cyware, which helps businesses to create a centre for cybersecurity operations, has bagged $10m in its Series A round.

The capital injection was led by Prelude Fund and Tanium, with contributions also coming from Cyware’s seed investors, Emerald Development Managers and Great Road Holdings.

Having closed the round, the company will expand its sales and marketing teams, enhance customer success and further the case innovation and product enhancements for its platform.

The startup claims to be the next evolution of security orchestration, automation and response (SOAR) technology and aims to change the cybersecurity ecosystem. Its products include SOAR, advanced threat intel platform and security case management, helping to bolster protections by combining human intelligence, machine learning and security automation.

Cyware’s platform can be used for situational awareness, information sharing, threat intelligence automation, security orchestration and automation, threat and incident response and more.

Prelude managing director Zach Sivertson said, at “We are thrilled to partner with Cyware on their mission to better predict and prevent attacks through cyber fusion and a collective defence.

“Because cyberattacks are increasingly sophisticated and damaging and the pandemic is driving long-term remote work, Cyware’s proactive solutions deliver decision makers the tools and protections they need.”

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