Guardz Cyber Ltd., a cybersecurity firm specializing in providing enterprise-grade security solutions to small and medium-sized businesses (SMBs), has successfully closed a $56 million Series B funding round. The round was led by ClearSky, with participation from Phoenix Financial and existing investors including Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, and Lumir. This brings Guardz's total funding to $84 million.
Guardz achieves this by partnering with managed service providers (MSPs) who serve SMBs. The company's platform offers a unified cybersecurity solution leveraging AI and human expertise for managed detection and response, streamlining protection across various systems. This addresses the growing vulnerability of SMBs to sophisticated cyberattacks, a market previously underserved by traditional security solutions.
The newly secured funding will be instrumental in scaling Guardz's go-to-market operations, enhancing its AI-powered automation and risk prevention systems, and developing new cyber compliance and insurance capabilities. This expansion aims to further solidify Guardz's position as a leader in providing robust cybersecurity solutions tailored to the unique needs of SMBs.
Guardz's innovative approach, focusing on MSP partnerships and AI-driven automation, has already attracted hundreds of MSP partners and secured thousands of SMB clients globally. This significant investment underscores the growing demand for advanced cybersecurity solutions within the SMB sector and highlights Guardz's potential for continued growth and market leadership.
