XM Cyber, the multi-award-winning leader in breach and attack simulation (BAS) advanced cyber risk analytics and cloud security posture management, today announced that it has closed a $17 million Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group.
XM Cyber will use the funding to grow its research and development department while expanding its sales and marketing presence worldwide. The company is also expanding its capabilities as a result of the recent growth in demand for its ability to simulate attacks against cloud-based resources. The company currently has customers across the US, Europe and Asia with a growing presence in Latin America. Customers include major financial institutions, government, manufacturing, telecommunications, and critical infrastructure.
“XM Cyber’s evolution as a company has impressed us, and we believe that its solutions have become an increasing necessity for enterprises looking to improve their security…
