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Security Management Software Funding: Cyber Observer Raises $8M

Cyber Observer, an Israeli security management and cyber hygiene platform provider, has raised $8 million in Series B funding led by cybersecurity solutions company Merlin International. The company previously raised $3 million in funding in July 2017.

Cyber Observer will use the Series B funding to extend its reach into the North American market, the company said. It also looks poised to expand its sales and engineering teams.

A Closer Look at Cyber Observer’s Platform

Cyber Observer’s platform helps CISOs and information security managers evaluate their organizations’ security posture, according to the company. It provides visibility across an organization’s IT ecosystem and empowers end users with insights into cybersecurity tools that are misconfigured or malfunctioning.

In addition, Cyber Observer’s platform detects security gaps and provides security recommendations, the company noted. The platform also delivers continuous behavioral monitoring to help organizations accelerate threat detection and response.

How Does Cyber Observer Work With Channel and Technology Partners?

Cyber Observer’s platform currently integrates with at least 56 security tools.  Within the MSP (managed IT services provider) market, early Cyber Observer partners include Kaseya — a major provider of business management, automation and monitoring tools for MSPs. We’ve reached out to both companies seeking more details about the relationship.

For its part, Kaseya has also been making investments and acquisitions in the cybersecurity market — buying such companies as RapidFire Tools and ID Agent for Dark Web Monitoring.

Cyber Observer’s additional MSP- and MSSP-friendly partners include Carbon Black, Check Point, CyberArk, Fortinet, Netskope, Palo Alto Networks, Qualys, Sailpoint and Tenable.

Also, the company’s reseller channel includes Optiv — a Top 100 MSSP.

Additional insights from Joe Panettieri.

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