Cyber Observer Raises $8 Million in Series B Funding

Source: Cyber Observer

Israeli cybersecurity company Cyber Observer has raised $8 million in a Series B funding led by Merlin International. The company intends to use the funds to launch its expansion into North America.

Cyber Observer has developed a comprehensive internal cyber hygiene platform, which provides guidance and scoring to enterprises across the market’s diverse cybersecurity tool ecosystem. The company’s solution provides continuous monitoring and actionable insights that allow an organization to ensure cyber hygiene, compliance to frameworks, and fully optimized tool configuration across an organization's security ecosystem with a single solution.

Merlin International, a leading cybersecurity and IT solutions provider, will be extending Cyber Observers solution reach in the US market with the organization’s robust sales and engineering teams.

“Merlin is the ideal strategic investor that we had hoped for, with a strong presence in the US market, and the management and cybersecurity expertise that will help our company grow. Together, we will extend our tools-agnostic cyber hygiene management platform that allows CISOs, InfoSec Managers and their teams the ability to gauge current security posture across all tools and security domains in the US market and beyond,” said Itzik Weinstein, CEO of Cyber Observer. "Today's enterprises are faced with a diverse IT ecosystem, leaving many to be ineffectively leveraging existing tools. With Cyber Observer, we are giving back visibility and control to increase an organization's overall cybersecurity posture using the existing solutions they have in their infrastructure."