XM Cyber, an Israeli company that provides an automated advanced persistent threat (APT) simulation and remediation platform, has closed a $22 million Series A funding round. The Series A financing brings XM Cyber’s total funding to date to $32 million.
The Series A financing will help XM Cyber expand its sales, marketing and engineering programs, according to a prepared statement. It also could help the company foster new partnerships with global MSSPs.
XM Cyber enables MSSPs to deliver its HaXM breach and attack simulation and remediation solution, the company said. It provides a partner program and global partner packages that allow MSSPs to use HaXM to help customers identify attack paths to their critical assets.
The XM Cyber partner program allows MSSPs to add HaXM capabilities to their security portfolios, the company indicated. It empowers MSSPs with access to various marketing assets, sales resources and solution training.
What Is HaXM?
HaXM was launched in March and offers the “first automated APT simulation to continuously expose all attack vectors and prioritize actionable remediation,” according to XM Cyber. The solution exposes security blind spots, and by doing so, helps organizations stay ahead of cyberattacks.
Key features of HaXM include:
Automated cyberattack vector reporting.
Cloud and on-premise deployment options.
Full mapping of cyberattack paths across an organization.
Insights into up-to-date cyberattack scenarios.
Real-time identification and remediation of IT-related risks.
HaXM has been deployed in enterprises worldwide, XM Cyber stated. It also could help XM Cyber capitalize on the rising demand for breach and attack simulation (BAS) solutions.
What Are BAS Solutions?
BAS solutions provide automated security testing and cyberattack chain modeling, technology research firm Gartner said. They help organizations assess security vulnerabilities and address such issues before they lead to breaches.
In addition, BAS solutions often offer a real-world view of security vulnerabilities, Gartner noted. They also can be used to notify IT and business stakeholders about security gaps and validate that security infrastructure, configuration settings and detection or prevention technologies are operating properly.
What Does the Future Hold for the Global BAS Solutions Market?
Expect the push for BAS solutions to increase among global organizations in the years to come.
The automated breach and penetration and simulation market could reach $1 billion by 2020, research platform provider CyberDB stated. However, CyberDB also pointed out that the adoption of automated breach and penetration and simulation likely “will require an engaged community” of MSSPs and other security practitioners.