Cysiv is a company.
Cysiv has raised $26.0M across 1 funding round.
Key people at Cysiv.
Cysiv has raised $26.0M in total across 1 funding round.
Cysiv has raised $26.0M in total across 1 funding round.
Cysiv's investors include Edge VC, Forgepoint Capital, NightDragon, Northzone, Paladin Capital Group, Vendep Capital.
Key people at Cysiv.
Cysiv is a cybersecurity company that builds a cloud-native Security Operations Center (SOC)-as-a-Service platform, combining proactive threat hunting with managed security for hybrid cloud, network, and endpoint environments.[1][2] It serves enterprises, mid-sized organizations across banking, finance, automotive, manufacturing, fintech, insurance, healthtech, consumer, and B2B services, as well as managed security service providers (MSSPs) and managed service providers (MSPs), solving the challenges of building and managing complex SOCs through automated detection, prioritization, investigation, and remediation of threats while reducing reliance on patchwork tools and manual processes.[1][2][4] Cysiv raised $26M in Series A funding in 2020, achieved rapid customer traction with partnerships like Google Cloud and Forescout, and was acquired by Forescout in 2022 to enhance data-powered threat detection across IT, IoT, OT, and IoMT devices.[3][4][5]
Cysiv was founded in 2018 in Irving, Texas, as an incubation project within Trend Micro—a global cybersecurity leader with over $1.5B in sales—through a partnership with HITRUST, a data protection standards organization based in Frisco, Texas.[1][2][3][6] Key founders Partha Panda and Justin Fier recognized the inefficiencies of traditional SOCs, which were manual, slow, and plagued by false positives due to disparate technologies, and developed a data science-driven platform to address these gaps after over two years of incubation.[4] In 2020, Forgepoint Capital led a $26M Series A to spin Cysiv out as an independent company, with managing director Alberto Yépez joining the board; this fueled scaling and early wins like partnerships with Google Cloud and Forescout, culminating in Forescout's acquisition in 2022.[2][4][5]
Cysiv rides the surging demand for outsourced, scalable SOC capabilities amid escalating cyber threats, skills shortages, and hybrid cloud complexity, where enterprises struggle with in-house SOC builds.[2][4] Its 2018-2020 timing capitalized on post-incubation momentum from Trend Micro and HITRUST, aligning with rising MSSP adoption and investments in automated detection amid ransomware and supply chain attacks.[1][5] Market forces like regulatory pressures (e.g., HITRUST frameworks) and the shift to consumption-based security services favor Cysiv, influencing the ecosystem by enabling MSSPs to offer advanced MDR and accelerating consolidations, as seen in its Forescout acquisition that expands threat response to unmanaged devices.[3][4][5]
Post-2022 Forescout acquisition (backed by Advent International), Cysiv's platform will integrate deeper into automated cybersecurity for IT/OT/IoT, powering AI-enhanced threat detection at massive scale.[4][5] Trends like zero-trust expansion, AI-driven analytics, and MSSP growth will shape its path, potentially evolving into a cornerstone for holistic exposure management. As cyber risks intensify, Cysiv's blend of heritage innovation and acquisition synergies positions it to redefine enterprise defense, building on its spin-out success to deliver outsized impact in a $100B+ security operations market.
Cysiv has raised $26.0M across 1 funding round. Most recently, it raised $26.0M Series A in February 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2020 | $26.0M Series A | Edge VC, Forgepoint Capital, NightDragon, Northzone, Paladin Capital Group, Vendep Capital |
