CYGNVS raises $55 million

Guided cyber crisis response platform CYGNVS has emerged from stealth backed by $55 million in series A funding led by Andreessen Horowitz, with participation from Stone Point Ventures, and EOS Venture Partners.

Founded in 2021, the California-based startup offers a guided cyber crisis platform “purpose-built to empower organizations to stay connected, confident, in control and compliant as they prepare for and respond to any cyber crisis.” Based on data from The Cost of Data Breach Report 2022, shortening the time it takes to identify and contain a data breach can save organizations an average of $1.12M.

CYGNVS, which partnered with AIG to develop a “robust platform to address the problems of organizations worldwide,” is claiming that the solution is being rolled out to clients by “leading insurers and brokers,” complementing their cyber insurance policies.

CYGNVS is headquartered in Silicon Valley, with offices in Canada, India, and Ireland.

“CYGNVS was founded with the mission of making the world’s organizations lower their cyber risk by addressing the critical areas of preparation and response. We purpose-built CYGNVS as a guided cyber crisis platform to empower organizations to be Connected, Confident, in Control and Compliant before, during, and after a cyber crisis.” – Arvind Parthasarathi, founder and CEO of CYGNVS.