Cypago Raises $13 Million, Unveils New Cyber GRC Automation Platform
The SaaS-based platform provides advanced automation enabling visibility, enforcement, and reduction in costs and risks of GRC initiatives
Cybertech
| 27/08/2023
Left to right - Arik Solomon and Yahav Peri, Cypago co-founders. Photo by Cypago
Israeli start-up Cypago announced the release of its Cyber GRC Automation (CGA) platform today, revolutionizing the GRC space by bridging the gap between management, security, and operations teams. This announcement follows the company’s $13M in total funding led by Entrée Capital, Axon Ventures, and Jump Capital, including prominent angel investors such as Ariel Maislos, Prof. Ehud Weinstein, and Ofir Shalvi.
Cypago was founded by Arik Solomon, a former EY executive, and Yahav Peri, a former officer in the IDF Intelligence Corps and a cybersecurity expert. Cypago’s CGA platform is designed to enable organizations to automate and streamline the increasingly unwieldy Governance, Risk, and Compliance (GRC) processes that organizations need to maintain.
The growing number of cybersecurity regulations designed to keep business and customer data protected have created an onslaught of standards and certifications that companies struggle to keep up with. In 2022, more than 40 US states introduced 250 bills focused on cybersecurity alone, and this number will only increase over time, especially as the White House continues to outline its vision for a cybersecurity implementation plan.
The Cypago Cyber GRC Automation (CGA) platform combines SaaS architecture and advanced analysis and correlation engines, GenAI, and NLP-based automation, delivering complete coverage across all security frameworks and IT environments, including cloud-based and on-premises systems.
Cypago CGA increases security and GRC maturity through intuitive cross-functional workflows. The Cypago CGA platform offers hundreds of out-of-the-box automation templates for frameworks such as NIST CSF, NIST 800-53, SOC 2, and ISO 27001, as well as the ability to implement custom frameworks.
“Traditionally, running cyber GRC processes has been a manual, fragmented, and time-consuming process,” said Arik Solomon, Co-Founder & CEO of Cypago. “As the risk of cyber threats continues to rise, the volume and complexity of security-related GRC obligations grow, adding to the burden over time.
“This diverts valuable attention from cybersecurity teams, which should be focused on enhancing their business' security. Non-compliance with GRC mandates can result in costly fines, erode customer trust, and even major data breaches. We’re excited to lead the way in cyber GRC automation, saving organizations countless hours of manual work, improving collaboration with adjacent teams and stakeholders, and allowing them to focus on their core strengths.”
Cypago is already helping companies like Check Point, Hippo, Operative, MTX, and Trigo navigate the choppy waters of GRC processes.
“Cypago simplified and streamlined our compliance process. We are able to stay up-to-date with the latest regulations thanks to its powerful integration capabilities," said Itay Semel, Head of Security & Compliance at Check Point.
The SaaS-based platform provides advanced automation enabling visibility, enforcement, and reduction in costs and risks of GRC initiatives
Left to right - Arik Solomon and Yahav Peri, Cypago co-founders. Photo by Cypago
Israeli start-up Cypago announced the release of its Cyber GRC Automation (CGA) platform today, revolutionizing the GRC space by bridging the gap between management, security, and operations teams. This announcement follows the company’s $13M in total funding led by Entrée Capital, Axon Ventures, and Jump Capital, including prominent angel investors such as Ariel Maislos, Prof. Ehud Weinstein, and Ofir Shalvi.
Cypago was founded by Arik Solomon, a former EY executive, and Yahav Peri, a former officer in the IDF Intelligence Corps and a cybersecurity expert. Cypago’s CGA platform is designed to enable organizations to automate and streamline the increasingly unwieldy Governance, Risk, and Compliance (GRC) processes that organizations need to maintain.
The growing number of cybersecurity regulations designed to keep business and customer data protected have created an onslaught of standards and certifications that companies struggle to keep up with. In 2022, more than 40 US states introduced 250 bills focused on cybersecurity alone, and this number will only increase over time, especially as the White House continues to outline its vision for a cybersecurity implementation plan.
The Cypago Cyber GRC Automation (CGA) platform combines SaaS architecture and advanced analysis and correlation engines, GenAI, and NLP-based automation, delivering complete coverage across all security frameworks and IT environments, including cloud-based and on-premises systems.
Cypago CGA increases security and GRC maturity through intuitive cross-functional workflows. The Cypago CGA platform offers hundreds of out-of-the-box automation templates for frameworks such as NIST CSF, NIST 800-53, SOC 2, and ISO 27001, as well as the ability to implement custom frameworks.
“Traditionally, running cyber GRC processes has been a manual, fragmented, and time-consuming process,” said Arik Solomon, Co-Founder & CEO of Cypago. “As the risk of cyber threats continues to rise, the volume and complexity of security-related GRC obligations grow, adding to the burden over time.
“This diverts valuable attention from cybersecurity teams, which should be focused on enhancing their business' security. Non-compliance with GRC mandates can result in costly fines, erode customer trust, and even major data breaches. We’re excited to lead the way in cyber GRC automation, saving organizations countless hours of manual work, improving collaboration with adjacent teams and stakeholders, and allowing them to focus on their core strengths.”
Cypago is already helping companies like Check Point, Hippo, Operative, MTX, and Trigo navigate the choppy waters of GRC processes.
“Cypago simplified and streamlined our compliance process. We are able to stay up-to-date with the latest regulations thanks to its powerful integration capabilities," said Itay Semel, Head of Security & Compliance at Check Point.
