Cypago, a Tel Aviv, Israel-based provider of a SaaS-based Cyber GRC Automation (CGA) platform, raised $13m in equity funding and $2m in debt funding.
The equity round was led by Entrée Capital, Axon Ventures and Jump Capital.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2020 by Arik Solomon, and Yahav Peri, Cypago provides a Cyber GRC Automation (CGA) Platform that a SaaS architecture and advanced Correlation Engines, GenAI, and NLP based automation to deliver complete coverage across all security frameworks and IT environments. The system enables organizations to increase security and GRC maturity through simplified cross-functional workflows, reduced manual efforts, and lower costs, while reinforcing trust customers and stakeholders.
FinSMEs
26/08/2023