The Rise of Cyware: How $30M Investment Fuels Threat Intel Infrastructure Tech

Cyware Secures $30 Million in Funding to Expand Threat Intel Infrastructure Tech

Cyware, a New York-based startup specializing in threat intelligence infrastructure, has announced that it has secured $30 million in new financing to fuel its growth in the AI-powered security tools market. The funding round was led by Ten Eleven Ventures, with participation from previous investors Advent International, Zscaler, Emerald Development Managers, Prelude, and Great Road Holdings.

The Backbone of Global Threat Sharing Networks

Cyware, which emerged from stealth in 2019, aims to serve as the “backbone of global threat sharing networks” by providing technology solutions that integrate data orchestration and workflow automation with threat intelligence sharing capabilities. Its flagship product, Cyware Cyber Fusion, enables collaboration among siloed security teams, offering automated threat intelligence sharing, analysis, and action capabilities. With over 30,000 enterprise members and government entities using its platform, including major Information Sharing and Analysis Centers (ISACs) and Computer Emergency Response Teams (CERTs), Cyware has established itself as a trusted provider in the market.

Expanding Collaboration and Collective Defense

Cyware‘s platform not only caters to large conglomerates, industry groups, and private communities, but also enables distributed businesses, clients, and suppliers to activate and share threat intelligence, resulting in collective defense against ransomware, supply chain attacks, and zero-day vulnerabilities.

Validation and Growth

The $30 million funding round is seen as validation of Cyware‘s growth and increasing demand for its products and services among enterprises, government agencies, Managed Security Service Providers (MSSPs), ISACs, and CERTs. The company plans to use the financing to expand its channel business and strategic alliances globally, further solidifying its position in the threat intelligence infrastructure market.

Editorial: The Importance of Threat Intelligence Infrastructure

The rise of cyber threats has made threat intelligence an essential element of any organization’s cybersecurity strategy. By leveraging AI-powered technologies and advanced analytics, threat intelligence infrastructure providers like Cyware enable organizations to proactively identify, analyze, and respond to potential threats. The ability to automate threat intelligence sharing and collaboration allows security teams to stay one step ahead of cybercriminals.

Furthermore, in an interconnected world, where attacks on one organization can have cascading effects across entire industries and supply chains, collective defense becomes crucial. Threat intelligence infrastructure, like that provided by Cyware, facilitates the sharing of threat information among different stakeholders, fostering collaboration and enabling a more robust defense against cyber threats.

Philosophical Discussion: Balancing Security and Privacy

While threat intelligence infrastructure undoubtedly enhances cybersecurity, it also raises important questions about privacy and personal freedoms. The collection and sharing of threat intelligence involves the exchange of sensitive information, which, if mishandled or abused, could infringe on individuals’ privacy or lead to unintended consequences.

As organizations and governments increasingly rely on threat intelligence infrastructure to enhance security, it is crucial to establish robust governance frameworks and guidelines to ensure the responsible handling of data. Striking the right balance between security and privacy is a complex task that requires collaboration between technology companies, policy-makers, and society at large.

Internet Security Advice: Protecting Data in an Interconnected World

In an era where cyber threats are pervasive, protecting sensitive data is paramount. Here are some best practices for individuals and organizations to enhance their internet security:

1. Implement Strong and Unique Passwords

Using strong and unique passwords across different accounts adds an extra layer of security. Consider using password managers to generate and securely store complex passwords.

2. Enable Multi-Factor Authentication

Enable multi-factor authentication on all accounts whenever possible. This adds an additional authentication factor, making it harder for unauthorized individuals to gain access.

3. Regularly Update Software and Systems

Keep software and operating systems up to date with the latest patches and security fixes. Many cyber attacks exploit known vulnerabilities, so prompt updates are crucial.

4. Be Cautious When Clicking Links or Downloading Attachments

Exercise caution when clicking on links in emails or downloading attachments from unfamiliar sources. These can be phishing attempts or contain malicious software.

5. Regularly Backup Data

Backup important data regularly to avoid data loss in case of ransomware attacks or system failures. Store backups in a secure location, ideally offline or in the cloud with robust encryption.

6. Educate Yourself and Your Team

Stay informed about the latest cyber threats and educate yourself and your team on best practices for internet security. Train employees to recognize and report suspicious activities.

7. Use Security Tools and Solutions

Leverage security tools such as firewalls, antivirus software, and intrusion detection systems to provide an additional layer of defense against cyber threats.

By following these best practices, individuals and organizations can reduce their risk exposure and protect their data in an interconnected world.