Cynomi raises $37M for its AI-driven virtual CISO targeting SMB cybersecurity amid rising attacks. Co-led by Insight Partners and Entrée Capital, the funding positions Cynomi as a market leader with a valuation over $140M. The company offers automated security management services via third-party resellers, aiming to fill a gap for budget-constrained SMBs. CEO David Primor emphasizes that the virtual CISO can perform various security tasks efficiently, tripling annual revenue recently. Funds will support R&D to expand cybersecurity solutions, as the industry lacks a comprehensive operating system.
