Cynomi, an Israeli startup, has raised $37 million in a Series B funding round. The round was co-led by Insight Partners and Entrée Capital, with participation from existing investors Canaan, Flint Capital, and S16VC. The funds will be used to accelerate product development and expand the company’s presence in the U.S. and Europe.
Founded in 2021 by CEO David Primor and COO Roy Azoulay, Cynomi aims to fill the CISO gap with automated, scalable security guidance. The company provides an AI-powered virtual Chief Information Security Officer (vCISO) platform tailored to Managed Service Providers (MSPs), Managed Security Service Providers (MSSPs), consultancies, and telecom firms. Amid growing pressure on mid-market service providers to deliver enterprise-grade cybersecurity without the budget or staff to match, Cynomi offers a solution that automates large parts of the security management stack.
The company’s platform mimics the role of a human CISO by generating tailored security policies, risk assessments, and compliance plans, while learning and adjusting to an organization’s environment.
Cynomi advances security for service providers
Cynomi has reported strong commercial traction, tripling its annual recurring revenue (ARR) in 2024, after a 4.5x growth the previous year.
The firm plans to use the fresh capital to extend its offering to a wider range of service providers, including integrators and resellers, and to expand its U.S. sales operations while deepening its presence across Europe. “With Cynomi, we have cut our cybersecurity management time and human capital needs by 50%,” said Chad Fullerton, VP of Information Security at ECI, a leading NYC-based MSP for financial services. “Thanks to this efficiency, we’ve doubled our customer base and achieved 100% adoption among our GRC customers – it’s been a game-changing investment for our business.”
“This funding marks a pivotal moment in our journey, allowing us to enhance our agentic cybersecurity capabilities while supporting service providers globally,” said David Primor, Ph.D., Co-founder and CEO of Cynomi.
“We aim to empower all types of service providers to deliver superior cybersecurity services – significantly enhancing productivity by more than 70% and driving scalable growth across their customer portfolios.”
Cynomi plans to advance its platform in two key directions: adding cutting-edge cybersecurity capabilities and strengthening the ability of service providers to market and deliver security and compliance solutions effectively. The company is streamlining cybersecurity processes, enabling service providers to enhance their clients’ security posture, boost productivity, and achieve unprecedented efficiency and scale. “Cynomi has demonstrated impressive growth and product-market fit in the MSP and MSSP end markets,” said Philine Huizing, Managing Director at Insight Partners.
“The company’s innovative platform and user-centric approach to enabling robust cybersecurity posture and compliance for service providers and their customers, combined with strong early momentum, position Cynomi as a standout in the cybersecurity market.”
Image Credits: Photo by Mohammad Rahmani on Unsplash
Rashan is a seasoned technology journalist and visionary leader serving as the Editor-in-Chief of DevX.com, a leading online publication focused on software development, programming languages, and emerging technologies. With his deep expertise in the tech industry and her passion for empowering developers, Rashan has transformed DevX.com into a vibrant hub of knowledge and innovation. Reach out to Rashan at [email protected]
