Cytactic, the platform pioneering cyber crisis readiness and management, is announcing the results of a seed funding round led by Evolution Equity Partners, having raised $16 million. This funding will serve to propel the company’s mission in combating complex threat landscapes with intuitive, holistic crisis management.
While many are aware of the ever-evolving, increasingly complex nature of cyberthreats, few are equipped with the necessary tools to overcome these security challenges, according to Cytactic. The disastrous loss associated with cyber incidents—often due to poor synchronization with multiple stakeholders, substandard information flow, complex decision-making processes that inhibit rapid response, and more—is a looming threat that requires a holistic, efficient solution.
Acknowledging the pressing need to both simplify and comprehensively prepare for a cyber crisis, Cytactic’s SaaS platform integrates cyber crisis preparation, response management, and recovery into a unified, user-friendly platform. The platform focuses on the consolidation of crisis readiness, response, and recovery, all while addressing each business profile’s unique needs and industry requirements.
“Cytactic’s team’s accomplishments in successfully managing multiple crises clearly addresses a crucial and very much ‘now’ cybersecurity market need. We are proud to partner with Evolution Equity Partners. Given the strong demand, this investment will enable us to scale globally and expand our network of strong professional partnerships,” noted Dr. Nimrod Kozlovski, founder and CEO of Cytactic.
With proper readiness, coordinated management, and swift recovery, Cytactic empowers organizations to effectively mitigate—and in some cases, avoid—complex cyberthreats plaguing a myriad of business sectors.
“The increasing complexity in preparing for, managing, and recovering from a cyber incident has become more painful and difficult to overcome than ever before,” said Yuval Ben-Itzhak, general partner at Evolution Equity Partners. “It is no longer enough to know how to technically investigate and respond to a crisis with an incident response team. Cross-organizational action involving multiple stakeholders is required, making managing and navigating crises successfully even more difficult.”
To learn more about Cytactic, please visit https://www.cytactic.com/.