July 10, 2024 at 12:54PM
Israeli startup Cytactic secures $16 million in seed-stage funding led by Evolution Equity Partners for developing a “cyber crisis readiness and management” platform. The company aims to provide an automated, data-driven solution to enhance readiness, response, and recovery for businesses facing security crises like breaches and ransomware infections. Cytactic’s product intends to offer a user-friendly platform accessible to various market sectors.
From the meeting notes, I have gathered that Israeli startup Cytactic has raised $16 million in seed-stage capital to develop a “cyber crisis readiness and management” platform. The funding was led by Evolution Equity Partners, a cybersecurity-focused investment firm. Cytactic aims to offer an automated, data-driven, and holistic solution to enhance readiness, response, and recovery for security crises such as breaches, ransomware infections, and supply chain attacks. The company plans to create a user-friendly platform accessible to all relevant roles and market sectors, enabling organizations to manage cyber crises through a simplified, step-by-step methodology. Cytactic is the brainchild of former venture capitalist Nimrod Kozlovski.