Overview

Cyware provides cybersecurity solutions focused on threat intelligence, helping organizations detect and respond to cyber threats. Its main product, the Threat Intelligence Platform (TIP), automatically collects and analyzes threat indicators, enabling real-time alerts and collaboration among security teams. Cyware differentiates itself by offering both free daily alerts and premium subscription services, which include advanced threat intelligence analysis and security automation. The company's goal is to empower organizations to stay ahead of cyber threats through comprehensive and integrated security solutions.

Simplify's Take

What believers are saying

• Increased demand for healthcare-specific cybersecurity boosts Cyware's market potential.
• Recognition as a leader in Frost & Sullivan's 2024 report enhances Cyware's credibility.
• Strategic hiring of key personnel strengthens product development and engineering capabilities.

What critics are saying

• Healthcare Threat Intelligence Platform may face adoption challenges due to industry regulations.
• Over-reliance on AI in Quarterback AI Advisor could overlook nuanced threats.
• New executive appointments may lead to strategic misalignments during transition.

What makes Cyware unique

• Cyware offers a unique virtual cyber fusion center for enhanced threat visibility.
• Their Threat Intelligence Platform (TIP) provides real-time alert dissemination and collaboration.
• Cyware's Quarterback AI Advisor integrates AI across cybersecurity solutions for advanced operations.

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Funding

Total Funding

$71M

Below

Industry Average

Funded Over

4 Rounds

$30,000,000

Series C

Jun 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$30M

$40M

$50M

$62M

$100M

View all funding stages