Cynomi Secures $37M to Enhance vCISO Services for MSPs and MSSPs

Cynomi Secures $37M to Enhance vCISO Services for MSPs and MSSPs

Cynomi, a pioneering cybersecurity company, is set to transform how service providers deliver cybersecurity and compliance services. Recently, the company successfully raised $37 million in Series B funding, co-led by Insight Partners and Entrée Capital, with support from existing investors such as Canaan, Flint Capital, and S16VC.

Funding Details for Cynomi

The new infusion of capital will enable Cynomi to expand and enhance its innovative offerings. Here’s a breakdown of the funding highlights:

  • Total Series B Funding: $37 million
  • Lead Investors: Insight Partners and Entrée Capital
  • Returning Investors: Canaan, Flint Capital, S16VC

Innovative Platform Powered by AI

Cynomi offers a virtual chief information security officer (vCISO) platform that utilizes agentic AI technology. This platform is specifically designed to assist managed service providers (MSPs), managed security service providers (MSSPs), and consultancies in scaling their cybersecurity services with minimal manual intervention.

Benefits of Cynomi’s Platform

The platform has been recognized for its ability to significantly enhance operational efficiency:

  • Reduction in Manual Workloads: Reports indicate a decrease of up to 70% in manual tasks.
  • Impressive Growth: Cynomi achieved a 4.5x increase in annual recurring revenue in 2023 and has tripled this figure in 2024.

Plans for Future Development

With the new funding, Cynomi aims to:

  • Enhance its AI capabilities
  • Expand its suite of cybersecurity, compliance, and business intelligence tools
  • Improve partner enablement features to support service delivery, sales, and differentiation
  • Expand geographically into the U.S. and European markets

Impact on Service Providers

Cynomi’s platform not only enhances service delivery but also empowers partners to differentiate themselves in a competitive market. This is crucial as the demand for robust cybersecurity solutions continues to rise.

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For more insights on cybersecurity innovations, check out our related articles on current cybersecurity trends or visit CSO Online for expert analysis.

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