Cynet Obtains $7,000,000 New Financing

  • Feed Type
  • Date
    2/11/2016
  • Company Name
    Cynet
  • Mailing Address
    17 State Street New York, NY 10004 USA
  • Company Description
    Cynet originated as part of the BugSec Group. Cynet was created in response to the growing prevalence of advanced persistent threats (APTs) and targeted attacks from unknown origins.
  • Website
    http://www.cynet.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company, which also has the option to take additional funding from Lazarus, intends to use the funds to continue to develop its threat detection and response technology, while expanding its worldwide presence.
  • M&A Terms
  • Venture Investor
    Lazarus Hedge Fund

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