Cyber intelligence firm Cyble and Darkweb announce US $ 10 million in Series-A funding

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Cyber intelligence firm Cyble and Darkweb announce US $ 10 million in Series-A funding
Cyber intelligence firm Cyble and Darkweb announce US $ 10 million in Series-A funding

Since initial Seed funding round of the cyber intelligence firm, the news of Series-A funding marks almost a year

Cyble, an AI-powered cyber intelligence company, today announced, with continued participation from Spider Capital, January Capital, Cendana Capital, and VentureSouq, the firm has raised a US $10M Series-A financing round led by Blackbird. The funds will be allocated to expanding the cyber intelligence firm’s product roadmap, enabling deeper penetration into existing & new markets, and amplifying its Cyble Research Labs (CRL) capabilities.

To map, monitor, and mitigate companies’ digital risk footprint, the cyber intelligence firm, founded by Beenu Arora and Manish Chachada in 2019, monitors the darkweb and surfaceweb data in real-time across open and closed sources. Today, the cyber intelligence firm – Cyble is present in six nations and has tripled in business YoY.

Since initial Seed funding round of the cyber intelligence firm, the news of Series-A funding marks almost a year. The cyber intelligence firm announced it rose $4M led by Blackbird and Spider Capital, with participation from Picus Capital and Cathexis Ventures. Since then, the company has built a solid foundation through sustainable growth, evolving its client offering with darkweb, brand, and attack surface monitoring, growing its client base across six countries and increasing its headcount from 25 to 80 people.

“Cyble began with an ambitious goal to democratise visibility into the darkweb and empower organisations to fortify their security infrastructure and consequently ensure resilience to malicious cyberattacks”, says Manish Chachada, Co-Founder and COO of Cyble. “We are incredibly excited to receive the support from our investors to continue to carry out Cyble’s vision, and honored that Cyble is recognised as a leading voice in cybersecurity and a trusted partner that enables businesses to advance their Digital Risk Protection Strategy”.

Minsoo Chi of Spider Capital noted: “We’ve been impressed with Beenu and Manish and the entire Cyble team on their execution towards providing organisations with real-time visibility into the darkweb. We are thrilled to continue to support them in their vision to democratise digital risk protection”.

Tom Humphrey of Blackbird noted: “In less than 12 months, the growth that Cyble has achieved is nothing short of stunning. Beenu, Manish and their team have already made significant progress on the product roadmap and global expansion, and it’s clear they’re just getting started. Cyble is solving a big, painful problem for businesses across the world and we are proud to continue supporting their ambition”.

To aid law enforcement and government agencies in combating cyber risks that have national and geopolitical ramifications, the cyber intelligence company introduced a Law Enforcement Agency (LEA) and defense threat intelligence tailored solution, Cyble Hawk alongside its continual focus to minimize and manage cyber risk for its clients.

“The Series A funding round is a major milestone for our rapidly growing company, and affirmation of Cyble’s emergence as a pioneer and thought leader in the infosec industry. We are thrilled to receive this support and intend to direct these funds to drive our research, development, and intelligence capabilities to greater heights. It is no secret that cybercrime activity conducted in the darkweb is rising exponentially, we believe that continuous threat intelligence and darkweb monitoring are critical for organisations to identify and manage data breaches in a timely manner. Cyble is committed to deliver comprehensive cybersecurity solutions that resonate with our growing client base”, says Beenu Arora, CEO and Co-Founder of the cyber intelligence firm.

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