SiliconAngle reports that cybersecurity startup Cymulate has landed $70 million in a Series D funding round, bringing total outside investment to $141 million.
Cymulate said that proceeds of the funding round will be allocated toward increasing the adoption of its cyberattack simulation platform, which could help enterprises determine possible network weaknesses, software vulnerabilities, firewall setting misconfigurations, and other security concerns through simulated cyberattacks based on MITRE ATT&CK hacking approaches.
Aside from measuring companies' lateral movement response capabilities, Cymulate's platform also has automation features that improve the convenience of conducting daily simulations and hasten the detection of security issues. Organizations could also evaluate unsupported hacking approaches with the platform, according to Cymulate.
"Our funding from existing investors is a further testament to their confidence in our company, direction and continued vision," said Cymulate co-founder and CEO Eyal Wachsman, who added that the company is also seeking to increase its headcount by 75% by the end of year.
Canada had its various government agencies and financial and transportation industries subjected to distributed denial-of-service attacks by pro-Russian cybercrime operation NoName057(16), according to SecurityWeek.