Security News > 2020 > July > Cyberattack Simulation Company XM Cyber Raises $17 Million
XM Cyber, an Israel-based company that offers a cyberattack simulation platform, announced on Thursday that it raised $17 million in a Series B funding round.
XM Cyber offers an automated breach and attack simulation platform that continuously tests an organization's security posture, including on premises and in the cloud, and provides them information on how to remediate any identified issue.
"The ability to secure significant funding during a global pandemic is a testament to our product and team. We are grateful to our investors for this vote of confidence and look forward to their continued support," said Noam Erez, CEO and co-founder of XM Cyber.
"XM Cyber intends to change the way cyber security is viewed and managed as a result of a continuous cycle of measuring, prioritizing and improving overall cyber security posture," Erez added.
"We help customers take a different view of their cyber security. We show them how a hacker can combine attacks, waiting for mistakes to happen that open up attack paths to their critical assets."