TLDR:
- Cyber risk management firm CyberSaint has raised $21 million in Series A funding, bringing the total investment to $29 million.
- The funding was led by Riverside Acceleration Capita (RAC) and will be used to accelerate market expansion and improve the AI-powered CyberStrong platform.
CyberSaint, a cyber risk management company, announced that it has raised $21 million in Series A funding. This brings the total investment in the company to $29 million. The funding round was led by Riverside Acceleration Capita (RAC), with participation from Sage Hill Investors, Audeo Capital, and BlueIO. The new funding will allow CyberSaint to accelerate its market expansion efforts and enhance its AI-powered CyberStrong platform. The platform is designed to help enterprises by automating compliance processes and translating cyber risk into financial terms.
CyberSaint’s CyberStrong platform provides a range of capabilities, including assessment, control monitoring, cyber risk quantification, remediation, and reporting. The platform also offers a free cyber risk analysis tool, which allows organizations to identify their top risks and related NIST 800-53 controls based on specific industry, size, and revenue parameters. Jerry Layden, CEO of CyberSaint, emphasized the critical importance of optimizing cyber risk posture in an era of escalating cyber threats and attacks. The latest funding will enable CyberSaint to enhance its market presence and elevate the role of cyber risk management in organizational performance.
Overall, the $21 million Series A funding marks a significant milestone for CyberSaint, positioning the company for rapid expansion and increased impact in the cyber risk management space. With a focus on leveraging AI technology and automation to streamline compliance and risk management processes, CyberSaint aims to help organizations enhance their cybersecurity posture and effectively mitigate cyber threats.
