October 9, 2024 at 05:36PM
CYRISMA, a risk management platform, announced Series A funding led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures. The investment will enhance platform development, expand sales, and support Managed Service Providers (MSPs) in managing cybersecurity risks effectively. Blueprint Equity’s Sheldon Lewis will join CYRISMA’s Board.
**Meeting Takeaways: CYRISMA Series A Financing Announcement**
1. **Funding Announcement**: CYRISMA has successfully secured Series A financing, led by Blueprint Equity, with additional participation from SaaS Venture and Golden Ventures.
2. **Purpose of Funding**: The capital raised will be utilized to:
– Accelerate platform development.
– Enhance customer success initiatives.
– Expand sales and marketing efforts.
3. **Platform Overview**: CYRISMA is an all-in-one risk management platform aimed at Managed Service Providers (MSPs), assisting them in:
– Identifying, prioritizing, and remediating vulnerabilities.
– Tracking compliance requirements.
– Managing AI security risks.
4. **Leadership Insights**:
– Liam Downward, co-founder and CPO, expressed excitement about the partnership with Blueprint Equity, highlighting the investment’s role in enhancing the platform and supporting customers.
– Sheldon Lewis from Blueprint Equity emphasized the increasing security threats for small and medium-sized businesses (SMBs) and the rising demand for multi-tenant cybersecurity solutions, stating confidence in CYRISMA’s customer satisfaction and market insight.
5. **Expansion Plans**: The funding allows CYRISMA to enter new markets, enhancing reach and brand awareness, thereby empowering MSPs to better protect their clients.
6. **About CYRISMA and Blueprint Equity**:
– CYRISMA focuses on providing a comprehensive risk management solution for cybersecurity needs of MSPs.
– Blueprint Equity specializes in providing expansion capital to high-growth enterprise software and services businesses, with $275 million in assets under management.
7. **Call to Action**: To schedule a demo of CYRISMA’s services, interested parties are encouraged to visit their website at [Cyrisma](https://ift.tt/yPAsYZn).
**Next Steps**: Further discussions may be needed regarding the strategic initiatives and potential impacts of this funding on CYRISMA’s operations and market positioning.