Cider Security, a Tel Aviv-based cybersecurity company, recently announced its successful completion of a $32 million Series B funding round. The Israeli venture capital firm Vertex Ventures led the funding and was supported by existing investors such as Blumberg Capital, Arkin Holdings, and Technion. The company has now raised $46.5 million in funding, which it plans to use to develop its security solutions further and expand its global reach. In this article, we will delve into Cider Security’s innovative cybersecurity solutions, its recent funding round, and its plans for the future.
Cider Security’s Cybersecurity Solutions
Cider Security was founded in 2017 to provide businesses with an all-in-one cybersecurity solution that is comprehensive and easy to use. The company’s flagship product is a cloud-based security platform that offers multiple layers of protection against cyber threats. The platform is designed to detect and respond to threats in real time, making it an ideal solution for businesses of all sizes.
The platform includes several key features, including:
- Endpoint Protection: Cider Security’s platform has advanced endpoint protection capabilities to detect and respond to threats on Windows and Mac devices.
- Cloud Security: The platform offers comprehensive cloud security, protecting SaaS applications like Microsoft 365 and Google Workspace.
- Email Security: Cider Security’s email security solution provides email systems with advanced threat detection and response capabilities.
- Network Security: The platform includes advanced features such as intrusion detection and prevention, firewall management, and vulnerability scanning.
- Compliance: Cider Security’s platform is designed to help businesses achieve compliance with regulatory requirements such as GDPR, HIPAA, and PCI-DSS.
Cider Security’s innovative approach to cybersecurity has earned it a reputation as one of the most promising cybersecurity startups in the industry.
Cider Security’s $32 Million Series B Funding Round
Tel Avivbased Cider Security 32m series B funding round was led by Vertex Ventures, an Israeli venture capital firm with a strong track record of investing in successful startups. The funding round also included participation from existing investors such as Blumberg Capital, Arkin Holdings, and Technion.
The funding will further develop Cider Security’s platform and expand its global reach. The company has already established a strong presence in the United States and Israel and plans to use the funding to expand into new markets worldwide.
The funding round is a testament to the strength of Cider Security’s cybersecurity solutions and the company’s ability to execute its vision. With this new funding, the company is well-positioned to continue its rapid growth and establish itself as a leader in the cybersecurity industry.
Cider Security’s Plans for the Future
Cider Security has ambitious plans for the future. The company plans to continue developing its cybersecurity platform and expanding its global reach. It also plans to hire additional employees to support its growth and strengthen its position in the industry.
In addition to its core cybersecurity solutions, Cider Security is exploring new areas of innovation in the cybersecurity space. The company is developing a unique solution leveraging machine learning and artificial intelligence to detect and respond to threats in real time.
Cider Security is also committed to giving back to the community. The company has established a scholarship program to support students pursuing degrees in cybersecurity-related fields. This program is just one of the ways that Cider Security is working to support the next generation of cybersecurity professionals.
Conclusion
Cider Security’s successful $32 million Series B funding round clearly indicates the company’s promising future in the cybersecurity industry. With its all-in-one security platform and innovative approach to cybersecurity, the Tel Aviv-based startup is well-positioned to continue its rapid growth and establish itself as a leader in the field. The funding will allow the company to develop its solutions further and expand its global reach while also exploring new areas of innovation, such as machine learning and artificial intelligence. Cider Security’s commitment to giving back to the community through its scholarship program also showcases its dedication to supporting the next generation of cybersecurity professionals. Cider Security’s recent funding round is a positive development for the company and the cybersecurity industry.
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