Cyvatar is a provider of managed security services, along with managed detection and response (MDR) services for SMBs. The company launched its platform in October 2020, along with a seed round of USD 3 million. Since then, the company claims to have grown by more than 200% and reports 150 platform members as of June 2021.
In June 2021, Cyvatar raised USD 9 million in Series A funding in a round led by ATX Venture Partners, along with participation from existing customer CORTEC and previous investor Bill Wood Ventures. The company expects to use the funding to scale up and increase the adoption of its cybersecurity platform.
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