Nasdaq Ventures returned to reinvest in the cybersecurity software developer through a round that hiked its overall funding to $49m.
Israel-based cybersecurity technology developer XM Cyber raised $17m of series B funding yesterday from investors including financial exchange operator Nasdaq’s corporate venturing arm, Nasdaq Ventures.
The round was filled out by investment bank Macquarie Group’s Macquarie Capital subsidiary, venture capital firm Our Innovation Fund and private equity firm Swarth Group. It took the company’s overall funding to $49m since it was founded in 2016.
XM Cyber has developed an automated software tool that helps organisations such as financial institutions, governments,…
