SOC Platform Provider Cyrebro Adds $40M, Eyes MSSP Partner Growth

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Cyrebro, a security operations center (SOC) platform provider, has raised $40 million in a Series C funding round led by investment firm Koch Disruptive Technologies (KDT).

The company said it will use the funding to provide an SOC platform that can become “the global solution” for all MSSPs.

To achieve its goal, Cyrebro will bolster its go-to-market strategy with MSSPs, the company indicated. Cyrebro works with MSSPs from North America, Latin America, EMEA and Asia and continues to explore new partnership opportunities.

How MSSPs Can Use Cyrebro’s SOC Platform

Cyrebro’s SOC platform provides MSSPs with the “foundation to build a world-class, state-level product,” KDT Managing Director Isaac Sigron said. The platform lets MSSPs view their customers’ security posture and identify and respond to cyberattacks.

MSSPs can use Cyrebro’s SOC platform in conjunction with over 750 systems and 100 log sources across various technologies, platforms and solutions, the company noted. The platform provides MSSPs with threat intelligence and hunting, forensic investigation and incident response capabilities. It also offers plug-and-play installation and ensures that MSSPs can avoid the time and costs associated with building and managing an SOC.

Cyrebro Offers a Partner Program for MSSPs

MSSPs can join Cyrebro’s partner program to deliver security operations center-as-a-service (SOCaaS) offerings. This program provides MSSPs with incentives and sales and marketing tools and resources.

Value-added distributor Infinigate in August 2021 announced plans to provide Cyrebro’s SOC platform to its MSSP and MSP customers across Europe. As such, these customers can use  Cyrebro’s platform to “generate new revenue streams and offer differentiated services,” Infinigate CRO Andreas Bechtold said.

In addition, Cyrebro recorded 300% year-over-year growth from December 2020 to 2021. Cybrebro also tripled its committed monthly revenues from 2019 to 2021.

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