The cybersecurity software developer was valued at $800m in a Heritage Group-backed round that took its overall funding to over $150m.
US-headquartered cybersecurity software provider CyCognito received $100m in funding from investors including diversified conglomerate The Heritage Group yesterday at a valuation of $800m.
Venture capital fund Westly Group led the round, which also featured Thomvest Ventures, Accel, Lightspeed Venture Partners, UpWest and Sorenson Ventures, increasing the company’s overall funding to $153m.
Founded in 2017, CyCognito has built a platform which proactively finds vulnerabilities in companies’ IT infrastructure with the aim of plugging them before they can be exploited by malevolent actors.
The company secured $30m in a July 2020 series B round led by Accel and backed by Lightspeed Venture Partners, Sorenson Ventures and UpWest.
Lightspeed had previously led a $18m series A round for CyCognito in November 2019 that included Sorenson Ventures and private investor John Thomson, all three having already contributed to a $5m seed round.
Rob Gurzeev, CyCognito’s co-founder and chief executive, said “Our number one priority…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
