US cyber security firm CyCognito raised $ 18 million in financing
US-based Israeli cybersecurity firm CyCognito, a company that develops a security analysis service that simulates the work of a cyber attacker to detect the weaknesses of an organization, announced Tuesday that it has raised $ 18 million in a round of Series A financing. The round was led by US VC Lightspeed Venture Partners, with the participation of Microsoft President John W. Thompson and Sorenson Ventures. Existing investors such as UpWest and Dan Scheinman added another $ 5 million during the company's seed round, bringing the company's current capital to $ 23 million to date. Founded in 2017 by Dima Potekhin and Rob Gurzeev, Cycognito employs a team of 50, of which 38 are in Israel and the rest in Palo Alto, California. The company has presented its next generation platform. "Our research and experience shows that most organizations rely on legacy security approaches that cannot detect and detect critical security risks but, ironically, bad actors can search