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From L&T and Israel-based OurCrowd, Cyfirma Raises $5.5 Million in Pre-Series B

 


Leading external threat landscape management business CYFIRMA has raised $5.5 million in a Pre-Series B round of funding from India's global conglomerate Larsen & Toubro and Israel's most active venture fund OurCrowd. These companies are now shareholders in CYFIRMA alongside Goldman Sachs, Zodius Capital, and Z3 Partners. With the completion of this round, CYFIRMA has now amassed close to USD 18 million.

In addition to expanding the already-existing markets in SEA, including India, Singapore, and Japan, the funds raised will be used for product innovation and for entering new international markets in North America, Europe, and the MENA region. The money will also be used to establish brands and hire across industries.

“Adding OurCrowd and L&T Innovation Fund to our capital table is exactly what we need to take our company to the next level,” says Kumar Ritesh, Founder and CEO of CYFIRMA.

“OurCrowd has been at the forefront of cybersecurity innovation, with a rich history of creating markets and aiding in the creation of some of the most successful firms in the sector. We acknowledge the crucial role that Israel plays in the cybersecurity market in delivering ground-breaking technologies. By working with them, CYFIRMA will have access to a depth of knowledge and experience that is unmatched, allowing us to keep developing our platforms.”

“Larsen & Toubro is one of the most innovative infrastructure and technology firms. It is renowned for offering cutting-edge technologies and solutions, including platforms for AI, 5G, smart buildings, and much more. It has extensive knowledge in the engineering, industrial, construction, and IT sectors. L&T's market and segment reach, along with its subject expertise, will accelerate our company growth and offer strategic value to CYFIRMA,” the executive continued.

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