Cybersixgill has secured $35 million in a Series B funding round to enhance its threat intelligence products amid rising cyber threats.

Information on the Target

Cybersixgill, a leading threat intelligence vendor based in Tel Aviv, Israel, focuses on harnessing advanced data collection capabilities to combat the growing challenges of cyber threats. Under the leadership of CEO Sharon Wagner, the company aims to enhance its offerings in 2022 by utilizing machine learning (ML) and automation technologies to detect early signs of potential cyber threats from diverse sources, including the dark web.

Recently, the company announced a significant milestone, having secured $35 million in a Series B funding round. This capital will be directed towards enhancing Cybersixgill's product capabilities, which already feature the world’s largest threat intelligence data lake. Notably, CrowdStrike, a prominent cybersecurity vendor and customer, is among the key investors in this funding round.

Industry Overview

The cybersecurity landscape has witnessed a dramatic upsurge in threats, particularly in 2021, where ransomware attacks reportedly doubled, surging by 105% compared to the previous year, according to SonicWall. Additionally, Proof