Cynet is a security platform that uses AI to detect and respond to threats. The platform was founded in Israel and has raised over $40 million in series A and B funding from investors such as Riana Pfefferkorn of Cyberstarts, Silicon Valley Bank, and Europeriley.
This article will examine the platform and discuss the pros and cons of using AI for threat detection and response.
Overview of Cynet
Cynet is an AI-powered cybersecurity company based in Israel, founded by Yariv Haddad and Omer Schneider. They are focused on protecting organizations, businesses, governments and individuals against known and unknown cyber threats. Cynet’s platform uses Cyber Security Orchestration and Automation (CSOA) to detect and respond to threats while improving organizations’ ability to monitor their cybersecurity posture.
The company has raised over $40 million in funding from leading venture capital firms such as RLC Ventures, Sequoia Capital Israel and Jerusalem Venture Partners, and several private investors such as Eric Schmidt’s Innovation Endeavors and Gefen Capital. In 2020 Cynet was recognized for its accomplishments when it was named one of the leading security start-ups to watch at the London European Rileys SiliconAngle event.
Their technology is based on behavioral analytics with artificial intelligence (AI) capabilities, allowing them to detect new attacks and rapidly respond with tailored countermeasures without requiring prior knowledge about specific threats or attack tactics. In other words – by using machine learning algorithms Cynet tracks how users typically interact with systems so that any anomalies or suspicious activities can be quickly identified enabling a prompt response from security teams before any damage is done.
The platform consists of three core functional layers: detection & investigation –where anomalies are identified; containment & remediation –where previously collected data is used to inform decisions–; and workflow orchestration – which exposes correlations between different elements within the system allowing administrators to create rules which can take automated action on certain events or activities – plugging directly into existing systems already present within the organization’s environment.
Benefits of AI-Powered Cybersecurity
The capabilities of Artificial Intelligence have revolutionized many areas of the internet. AI has enabled new forms of automation that are changing how we interact with technology, making it easier for developers to create more secure, efficient tools. However, AI-Powered cybersecurity is one of the biggest advances in computer safety today.
By utilizing machine learning algorithms and analytics insights to quickly detect and respond to threats, AI-Powered cybersecurity solutions provide unparalleled protection from malicious activity such as cyber attacks, malware and data breaches. Additionally, as cyberattacks become more sophisticated, these platforms provide a layer of defense that would otherwise be impossible for humans to maintain.
AI-powered cybersecurity solutions can analyze vast amounts of data gathered from across an organization’s network to identify suspicious behavior or malware before it can affect critical systems or applications. Furthermore, these solutions can predict areas susceptible to attack depending on current global trends in the ever-evolving digital landscape. While traditional security systems rely on human expertise and manual processes, AI-powered cybersecurity enables teams to take pre-emptive action against potential threats quickly and accurately before any damage occurs.
Cynet’s platform is an example of this type of technology as it harnesses artificial intelligence to detect malicious behavior instantly and respond automatically at every level throughout an organization’s network in both localized environments as well as cloud infrastructures – even providing insight into how global ransomware outbreaks are affecting organizations around the world since its 40M Series A funding back in 2018 by Europe’s Riley Siliconangle . By leveraging AI-Powered Cybersecurity measures such as those employed by Cynet’s platform, organizations globally are taking a much needed proactive approach against evolving digital threats ensuring they remain secure and protected moving forward.
How Cynet Works
Cynet’s platform uses AI-based technology to detect and respond to cyber threats. It is designed to detect real-time malicious activities such as Zero Day attacks, Advanced Persistent Threats (APTs), ransomware, and insider threats.
Cynet’s AI-powered technology synthesizes threat intelligence from sources including its security research, cyber intelligence, and partner technologies. It then correlates, identifies, and responds to malicious activities quickly and effectively.
AI-Powered Detection and Response
Cynet’s AI-powered detections and response platform uses sophisticated algorithms and behavioral analysis models to proactively detect malicious activity from various sources, including network traffic, endpoint activity and user behavior. Cynet’s algorithms are developed with a team of experts in the field, from Israel’s vaunted cybersecurity industry to Riley Siliconangle 40M series venture capital-backed startups in Europe.
To combat advanced threats that utilize stealthy tactics such as subtle modifications to malicious code, living-off-the-land attacks (LOTL), lateral movement within the network or password cracking techniques, Cynet combines several detection techniques including machine learning (ML) techniques that can detect maliciousness based on probability that the activities detected display deviations or similarity to those previously identified as malicious; Bayesian algorithms; white list & black list technologies; risk scoring and behavioral analysis engines.
In addition, Cynet utilizes patented ‘PrivacyPreserving’ technology for its ML models, which detect significant act risks without ever seeing sensitive data. This PrivacyPreserving solution is critical to some customers whose compliance regulations are extremely rigorous. Finally, Cynet uses advanced threat intelligence capabilities, allowing its product development team to stay constantly updated with the latest attacks and cyber threats across the globe.
Advanced Threat Protection
Cynet’s advanced threat protection platform is powered by artificial intelligence (AI) to detect and respond to threats in real-time. The platform provides proactive defense capabilities that use AI to quickly analyze and identify malicious activity, giving greater insight into the entire attack chain to prioritize and focus response efforts.
At the core of Cynet’s offering is its patented Unified Threat Protection (UTP) technology, which unifies endpoint security with unified EDR, breach detection, breach prevention, incident response automation and threat hunting. UTP uniquely combines AI with a set of integrations that allow for effective monitoring of actions taken on any device or network resource. This holistic approach allows for an overview of all threats across an organization’s entire infrastructure—from users and devices to applications and systems—to provide immediate clarity into active malicious activities.
The platform also offers modern attack techniques including anomaly detection, behavior monitoring techniques using machine learning models, mitigation techniques such as blocking attacks or quarantining malicious content at runtime or before it can impact the system on multiple levels. The integration layers mine data from all connected resources to detect suspicious activities even if they have never been observed. These capabilities comprise a combination of sandboxing technologies, analysis of domain transactions (DNS), application control policies, web content filtering and many other sensors as part of Cynet’s network-based protection layer working in tandem with its OS layer endpoint protection agent.
This provides customers with a deep level scan into the nature of any potential attack–by enriching malware detection through decoding various encoded formats–without needing additional integrations. In addition, the intelligent algorithms go far beyond static signatures (like traditional antivirus engines) and identify suspicious behaviors associated with established bad actors or previously unseen anomalies that could be indicative of a new type attack or future threats coming from known adversaries attempting new tactics in subtle ways–enabling Cynet’s technology be effective against zero days attacks without having seen them before..
Cynet’s Platform
Cynet is an Israeli-based global provider of AI-powered security solutions that protect organizations from cyber threats. By leveraging machine learning, Cynet’s platform can detect and respond to threats in real-time, offering comprehensive security and advanced threat protection to businesses of all sizes and across all industries.
Read on to learn more about the features and benefits of Cynet’s platform.
Platform Features
Cynet’s platform combines cyber security intelligence with predictive analytics to detect even the most advanced threats and automatically respond to attacks. Through its comprehensive AI-powered solution, Cynet helps protect organizations of all sizes with a unified solution that covers endpoints, applications, networks and cloud environments.
The platform has three main elements — detection, protection and response — working together to ensure comprehensive security. Its detection capabilities enable real-time threat identification and provide actionable insights into the behavior of internal assets. It uses AI-driven threat hunting technology to profile suspicious events and detect signs of malicious intent to quickly identify new threats before they become serious.
The protection element leverages the platform’s automated engine to rapidly deploy rules and policies compliant with industry standards such as HIPAA and PCI DSS across endpoint, network, application and cloud environments. The response element includes capabilities for efficient incident investigation and a dynamic quarantine system that allows for automated containment of suspicious activities before further damage is inflicted.
In addition to its core features, Cynet’s platform offers a range of optional modules, from an embedded Sandbox for advanced breach investigation to anomaly detection technology for enhanced visibility into unknown threats. With these features integrated into its architecture, organizations can rest assured that their data is secured from current threats and potential future attacks.
Platform Benefits
Cynet’s platform provides broad and deep protection across environments, devices and applications. The platform is powered by AI and leverages automation to detect and respond to threats before they can cause damage.
The Cynet platform offers a range of benefits, including:
- Automated Threat Response: Cynet’s advanced AI engine can detect malicious attacks with high accuracy and speed. It engages in automated response by performing necessary steps such as quarantining suspicious files, restoring files from backups, terminating malicious processes and more -all based on the level of classification determined by the system. This means that organizations can address threats quickly with minimal disruption.
- Broad Protection: Cynet provides an end-to-end solution for data security with complete visibility across all environments, devices, applications, users and networks. It monitors everything from cloud services access control lists to information stored on hardware devices like iPhones and tablets and file repositories like SharePoint or Dropbox. With its end-to-end coverage, Cynet helps ensure complete protection against threats regardless of where they originate or which path they follow into the system.
- Simplified Deployment: Cynet is designed for simple deployment across organizations’ existing infrastructures without requiring additional hardware or software resources or modifications of existing configurations. Organizations can easily integrate the platform into their environment in hybrid cloud or on-premises mode for maximum convenience.
israel cynet aipowered 40m series europerileysiliconangle
Israeli cybersecurity startup Cynet recently raised $40 million in its series D funding round. Led by European venture capital firm Riley Siliconangle, the round was the largest known investment in an Israel-based cybersecurity company this year.
The dollars will accelerate the development and growth of Cynet’s AI-powered platform, which provides advanced protection from targeted cyber-attacks.
Series A Funding
In 2016, Cynet completed its Series A funding round, raising $10.5 million to support platform development. The round was led by venture capital firms Magma Venture Partners in Tel Aviv; and Emerge in Palo Alto. Israeli private equity fund RDC also participated in the round.
In June 2018, Cynet secured an additional $40M via a Series B funding led by Fifth Wall Ventures, a venture firm focused on technology for construction which is based out of Los Angeles and London. SoftBank Group Corp., C5 Capital, Ridge Ventures, Emerge, Glenn Martin’s Data Collective (DCVC), Oryzn Capital and RDC also participated in the round. This latest $40M investment brings Cynet’s total funding to $58M.
Series B Funding
On October 15th, 2019, Cynet closed its Series B funding round of $40 million. Led by Intel and Riley, Silicon Valley’s most prominent venture capital firm, and joined by new investors Purple Arch Ventures and Hans Tungs of GGV Capital, the round builds on Cynet’s advancement of an AI-powered cyberthreat detection platform built for the enterprise. Canaan Partners Israel led the proceeding funding rounds in 2016 ($10 million Series A) and Glilot Capital Partners in 2017 (Seed).
The company also revealed that more than 1,000 customers have adopted its technology. Cynet is headquartered in Israel but with a presence in the US as well. It currently has offices in Tel Aviv and New York City with plans to expand worldwide this year. This Series B raise has made it the largest cyber security investment in an Israeli company since 2018.
Cynet plans to use this funding to continue developing its AI-Powered Cybersecurity Platform. It improves incident response times and maximizes incident insight while reducing false positives with automated operations tailored to each customer environment’s unique needs. Additionally, the additional funds will be used to scale up its global presence and accelerate market growth and innovation on its platform through several strategic hires at Cynet.
Series C Funding
In December 2019, Cynet, an AI-powered platform that detects and responds to cyberthreats, closed a Series C funding round of $40 million led by Roussety Invest. This round was significant for the Israel-based startup for several reasons.
It marked the largest amount ever invested in an Israeli cybersecurity company, demonstrating the strong interest from investors in the country’s high-tech sector. This financing also reconfirmed regional backing for Cynet’s mission to make cyberspace more secure. It followed earlier funding rounds from Israeli investors and industry veterans such as Miller Dynamics, Emerge and LocalGlobe with participation from existing investors Norwest Venture Partners (NVP) and RDC. Cynet has raised $61 million since its founding in 2015.
The additional funding will allow Cynet to continuously innovate its platform technology while expanding internationally into Europe, Latin America and Asia Pacific. With this new capital injection and operational scalability, Cynet looks forward to better enabling enterprise defense against today’s sophisticated cyber attacks – known threats and zero day vulnerabilities – while helping companies restore operations quickly following an attack.
Cynet’s Expansion
With a Series B funding round of $40 million, Israel-based cybersecurity firm Cynet is expanding its operations and aiming to become a leader in the AI-powered threat detection and response software industry. This investment brings the company’s total funding to $68.5 million.
Cynet’s cutting-edge platform utilizes the power of machine learning to provide comprehensive protection and insights into sophisticated cyber-attacks.
Let’s take a deeper look into Cynet’s expansion.
Expansion into Europe
Cynet, the Israeli cybersecurity startup offering AI-powered threat detection and response capabilities, is expanding its reach into the European market. The company recently raised a $40M Series C round of investment led by Rileysiliconangle and announced plans to launch their advanced offering in Europe in 2020.
To provide its customers with maximum security against the rising threats targeting the European region, Cynet will leverage its world-leading expertise and AI-powered technology. This technology can detect known and zero-day attacks and protect users from malicious activities such as data theft or data exfiltration.
The package includes an Endpoint Security Suite featuring an integrated Endpoint Detection and Response (EDR) system and a Network Security Suite with sophisticated Network Behavioral Analysis (NBA). The suite provides full coverage from endpoint protection to network protection at multiple points in the network.
In addition to this package, Cynet will soon launch other enterprise security products for European markets. These products are designed to help organizations stay safe from today’s constantly evolving threats while gaining visibility into potential risk factors before they become damaging security incidents.
Through its new expansion in Europe, Cynet aims to bring its leading AI-Powered endpoint and network protection technology to European businesses within 2020. As a result of RiseLabs’ announcement of this expansion at RSA 2020, organizations now have access to Cynet’s advanced security offering and gain peace of mind knowing their system is safe and secure against future threats.
Expansion into Israel
In 2020, Cynet expanded its global presence by opening its new Israeli headquarters in Herzliya and also released a new service powering over 40 million AI-Powered cyber security interventions. Cynet’s in-depth knowledge of the Israeli market and their strong partnerships with industry leaders such as CheckPoint and Kaspersky has enabled them to make great strides in their expansion into Israel.
Cynet’s new AI-Powered platform helps protect organizations from sophisticated cyber threats on a global scale. This innovation is backed by a $40m series B funding round in 2020 with investors such as Viola Ventures, RSI Venture Capital, F2 Capital, 83North, Pitango VC and Hetz VC. Cynet’s goal is to become one of the leading providers of AI-based security solutions for the enterprise market in Israel and across Europe.
Cynet is now looking to partner with some of the most prominent players in the region such as Samsung NEXT, Ignition Partners, Siemer Ventures and Warrior Investment Fund to keep pace with advancements in cyber threats and security solutions. The partnership will also facilitate collaborations between Silicon Valley investors, Silicon Wadi entrepreneurs, Tel Aviv tech partners and European service providers.
By investing heavily into its Israel office Cynet will continue to develop major innovations that help organizations detect advanced cyberthreats more quickly and accurately than ever before – ensuring customers are enabled not only with industry- leading technology but also the best possible customer experience through comprehensive support services available 24/7/365 globally.
Conclusion
Cynet is a comprehensive security platform that chooses and customizes the right enterprise security solutions for your organization’s needs. Offering everything you need to protect your network, digital assets, and people from a broad suite of threats, Cynet provides advanced risk-prevention technologies including endpoint protection, data loss prevention, encryption, threat intelligence and analytics. In addition, every platform component can be deployed within minutes with minimal manual setup or IT resources. The platform is also cloud-managed to be accessed from anywhere in the world with an internet connection.
It’s easy and efficient to use thanks to its straightforward UX design which enables users to quickly review protection performance and make policy management decisions in one unified dashboard. Cynet’s automated deployment process cuts down on time and human resources spent configuring security solutions which sets it apart from other enterprise solutions in the market today. In addition, Cynet boasts a powerful Protection Cloud service that actively monitors nodes within your environment and provides real-time feedback on suspicious behaviors or possible anomalies.
With features like 24/7 monitoring services, trained threat experts at your disposal, and customizable security services tailored to any specific situation, Cynet’s platform is the complete solution for preventing all types of digital threats.
tags = israel cynet, aipowered 40m series, venture capital-funded technology enterprise, founded in 2015 by Eyal Gruner, Pavel Gurvich, and Boaz Shunami, israel cynet series n. america europerileysiliconangle, developing AI and cybersecurity technologies
