Nasdaq Ventures Backs Cybersecurity Startup Founded by Former Mossad Director
Nasdaq's investment program Nasdaq Ventures led a $22 million round for Israel-based XM Cyber
For daily updates, subscribe to our newsletter by clicking here.Founded in 2016, XM Cyber's team includes ex-military cyber experts in offices in Israel, the U.S., and Australia. The company offers a cyber threat simulating platform that continuously monitors software and IT systems to detect potential attack paths.
XM Cyber, in a sense, performs a network MRI that identifies all the hidden paths that can be used by attackers to circumvent traditional cybersecurity measures, Cyber CEO and Co-Founder Noam Erez told Calcalist. The company’s technology also generates an automatic report detailing the weak spots and how to secure them, he said.
XM Cyber does not reveal its clients, but states they include leading financial institutes and critical infrastructure agencies in North America, Europe, Israel, and Australia. The company had paying customers since before existing stealth mode eight months ago, Erez said.
The company intends to use the funding to increase its global footprint.