Boston-based CyberSaint has successfully raised $21M in Series A funding to fuel its global expansion and further develop its innovative CyberStrong platform. This strategic infusion of capital, led by Riverside Acceleration Capital (RAC), with contributions from Sage Hill Investors, Audeo Capital, and BlueIO, marks a significant leap in cyber risk management solutions.
Jerry Layden, CEO of CyberSaint, underscored the urgency of the initiative, stating, “In the face of escalating cyber threats, enhancing cyber risk management is no longer optional but essential. This funding propels us to redefine how enterprises approach cybersecurity, ensuring it’s a cornerstone of their operational integrity.”
Jim Toth, Managing Partner at Riverside Acceleration Capital, praised CyberSaint’s pioneering efforts, saying, “CyberSaint’s profound grasp of enterprise needs and their knack for translating complex risks into comprehensible financial terms have set them apart. Their track record with leading clients underscores the momentum they’re building in the cybersecurity realm.”
Rinki Sethi, CISO at BILL, emphasized the transformative potential of CyberSaint’s approach, noting, “Translating cyber risk into financial terms is a breakthrough for C-suites and Boards. CyberSaint’s platform offers a clear lens through which companies can view and optimize their cybersecurity posture, a crucial advancement for industry-wide risk management.”
Together, these insights from Layden, Toth, and Sethi spotlight the significance of CyberSaint’s recent cyber risk managment funding and its potential to enhance how enterprises manage and mitigate cyber risks globally.
Source: CyberSaint Announces $21M in Series A Funding to Accelerate Global Expansion.
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