External Threat Landscape Management Company CYFIRMA has raised $5.5 million in a pre-Series B round of funding spearheaded by Indian multinational conglomerate Larsen & Toubro's L&T Innovation Fund and Israeli venture fund OurCrowd. The cash will be used to increase product innovation, penetrate new international markets in North America, Europe, and the MENA region, as well as extend its current markets in Southeast Asia, including India, Singapore, and Japan. Additionally, hiring across sectors and brand growth will be done with the money.

OurCrowd has been at the forefront of cybersecurity innovation, with a rich history of making markets and aiding in the creation of some of the most successful startups in the industry, according to Kumar Ritesh, founder and CEO of CYFIRMA. "We recognise the critical role that Israel plays in the cybersecurity market in delivering ground-breaking technology," he added.

By working with them, CYFIRMA will have access to an unmatched depth of expertise and experience, enabling us to keep developing our platforms. CYFIRMA uses a combination of cyber intelligence, attack surface identification, and digital risk protection to deliver early warning, tailored, contextual, outside-in, and multi-layered insights.

Deep insights into the external cyber scene are provided through its cloud-based AI and ML-powered analytics tools, which assist clients in getting ready for oncoming attacks. Businesses can better comprehend their specific external danger scenario by gaining detailed insights into the environment. The most recent funding brings CYFIRMA's total capital from Goldman Sachs, Zodius Capital, and Z3 Partners to around $18 million.

It is a good example of the kind of business that our fund was designed to support. We are now here to broaden CYFIRMA's global footprint and make their platform available to companies everywhere, said R Shankar Raman, CFO & whole-time Director, L&T.

The Singapore-based company CYFIRMA, which also has offices in Japan, India, the US, and the EU, provides services to Fortune 500 corporations and the government in the manufacturing, financial services, retail, industrial products, and pharmaceutical sectors.