Cynomi has successfully raised $37 million to further develop its AI-driven virtual Chief Information Security Officer (vCISO) platform. This platform is specifically designed to cater to the cybersecurity needs of small and medium-sized businesses (SMBs), which are increasingly becoming targets for cyberattacks. Recent statistics indicate that one in three SMBs experienced a data breach in the past year, highlighting the urgent need for robust and accessible cybersecurity solutions.
Cynomi's vCISO platform offers SMBs a comprehensive suite of cybersecurity tools and expertise, traditionally only accessible to larger enterprises. By leveraging AI, the platform automates many of the tasks associated with cybersecurity management, including risk assessments, compliance monitoring, and security policy creation. This allows SMBs to improve their security posture without needing to hire a full-time security executive.
The funding will be used to expand Cynomi's platform capabilities, broaden its market reach, and further enhance its AI algorithms to stay ahead of evolving cyber threats. This investment reflects the growing recognition of the importance of cybersecurity for SMBs and the potential of AI to democratise access to advanced security solutions.
