Israeli cyber crisis and readiness startup, Cytactic, secured $16 million in seed funding led by Evolution Equity Partners.
The platform addresses the pressing challenges faced by organizations in responding effectively to cyber crises. Cytactic’s holistic approach integrates crisis preparation, response management, and recovery into a unified SaaS solution. This intuitive platform serves as a command center, enabling coordination across all stakeholders and roles involved in cyber-crisis readiness initiatives.
"Cytactic’s team’s accomplishments in successfully managing multiple crises clearly addresses a crucial and very much 'now' cybersecurity market need," stated Cytactic founder and CEO, Dr. Nimrod Kozlovski. "We are proud to partner with Evolution Equity Partners. Given the strong demand, this investment will enable us to scale globally and expand our network of strong professional partnerships."
Founded on the principle of mitigating the devastating impact of cyber incidents, Cytactic's platform simplifies the complexities associated with crisis management. It facilitates a streamlined, step-by-step methodology tailored to diverse business profiles and risk landscapes, empowering organizations to navigate cyber crises with confidence and efficiency.
Recent industry insights highlight the urgency of such solutions. With predictions from Gartner indicating that a stark majority of IT organizations will face ransomware attacks by 2025, the average cost of data breaches continues to rise.
