Cyble raises $10 million to help companies identify data breaches on the dark web
Cyble announced that it has raised a US$10 million Series A funding round led by Blackbird, with continued participation from Spider Capital, January Capital, Cendana Capital and VentureSouq.
The funds will be allocated to expanding Cyble’s product roadmap, enabling deeper penetration into existing and new markets, and amplifying its Cyble Research Labs (CRL) capabilities.
Founded by Beenu Arora and Manish Chachada in 2019, Cyble continuously monitors real-time dark web and surface web data across open and closed sources to map, monitor and mitigate the digital risk footprint of businesses. Today, Cyble is present in six countries and has tripled its YoY activity.
The Series A funding news marks nearly a year since Cyble’s initial funding round. In April 2021, Cyble announced that it had raised $4 million 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, expanding its customer base in 6 countries and increasing its headcount by 25 to 80 people.
“Cyble started with an ambitious goal to democratize visibility on the darkweb and enable organizations to harden their security infrastructure and thereby build resilience against malicious cyberattacks,” says Manish Chachada, Co-Founder and COO of Cyble. “We are extremely excited to receive the support of our investors to continue to realize Cyble’s vision, and honored that Cyble is recognized as a leading voice in cybersecurity and a trusted partner that enables businesses to do advance their digital risk protection strategy.”
Minsoo Chi of Spider Capital said, “We were impressed with Beenu and Manish and the entire Cyble team for their execution in providing organizations with real-time visibility on the dark web. We are excited to continue supporting them in their vision to democratize digital risk protection.
Blackbird’s Tom Humphrey noted, “In less than 12 months, the growth Cyble has achieved is nothing short of staggering. 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 solves an important and painful problem for businesses around the world and we are proud to continue to support their ambition.
Along with its ongoing goal of minimizing and managing cyber risk for its customers, Cyble recently introduced a solution tailored to law enforcement (LEA) and defense threat intelligence, Cyble Hawk to help law enforcement law enforcement and government agencies to combat cyber risks that have national and geopolitical ramifications. .
“The Series A funding round is a major milestone for our rapidly growing business and affirmation of Cyble’s emergence as a pioneer and thought leader in the infosec industry. We are excited to receive this support and intend to direct these funds to propel our research, development and intelligence capabilities to greater heights. It is no secret that cybercrime activity on the dark web is increasing exponentially, we believe that continuous threat intelligence and darkweb monitoring is essential for organizations to identify and manage data breaches in a timely manner Cyble is committed to providing comprehensive cybersecurity solutions that resonate to our growing customer base,” said Beenu Arora, CEO and co-founder of Cyble.