Investments

Cybric Gets $6.3 Million In Seed Funding

Cybric, a provider of the only Continuous Security-as-a-Service platform, announced on Thursday (Oct. 6) it has closed $6.3 million in seed funding with Capstone Ventures and Petrillo Capital. Cybric will use this funding to launch its fully developed SaaS platform solution to the global marketplace.

In a press release, the company said organizations rely on Cybric’s platform to improve their cybersecurity posture by enabling a proactive and continuous approach to application security scanning that works on-premises or in the cloud without impacting the production environment. Since its inception last fall, Cybric has already signed key customers as support for the platform continues to grow.

“Battling increasingly fierce cyberattacks and breaches requires greater human capital and specific expertise, both of which are in short supply among organizations worldwide and putting enterprises on their heels,” said Cybric CEO and Founder Ernesto DiGiambattista in a press release. “Enterprises must proactively protect their critical applications and data without adding significant headcount and without posing a risk to their production environment. They are coming to Cybric for true real-time vulnerability identification and proactive remediation to keep their assets more secure than ever before.”

Cybric delivers a Continuous Security-as-a-Service platform that enables enterprises to integrate security into the application delivery process without impacting the production environment. The company’s patent-pending technology platform orchestrates exact replicas of an application environment and scans for security vulnerabilities by containerizing and automating security solutions. Predictive analytics are applied to the consolidated security scan results, providing proactive remediation through a single dashboard.

“We love the sector and have not seen another business capable of delivering a similar solution to Cybric,” said John Ferrara, managing partner of Capstone Ventures, in the same press release. “We view this financing not as a series seed but more as an acceleration round. We think the near-term ‘pop value’ is significant and are looking forward to helping facilitate the company’s growth. Similar to our investment in Thinking Phones/Fuze, we think there is a very big upside with Cybric.”

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