ALPHARETTA, GA, February 4, 2021: Cyble, a global cybersecurity consultant specializing in providing early warning intelligence on cyber threats, announced today that it has raised pre-seed funding from U.S. accelerator Y Combinator. Cyble has been accepted into Y Combinator's Winter 2021 (W21) cohort.
Y Combinator is a unique investment platform dedicated to backing founders as they scale their ventures. For three months, twice a year, Y Combinator hosts a rigorous program for early-stage enterprises. Based in the Silicon Valley, Y Combinator has been the startup accelerator for household names including Airbnb, Dropbox, Reddit, DoorDash, Meesho, Stripe, and Razorpay, among others.
“Being accepted into the Y Combinator program is a huge success on its own, as thousands of startups apply, but only a few are accepted,” said Manish Chachada, Chief Operating Officer at Cyble. “In addition to the seed funding, being involved in the Y Combinator program provides us with the connections, advice, and mentorship needed to position Cyble for the next stage of its growth. Being a Y Combinator alum is a mark of distinction for any high-growth company.”
With the seed investment from Y Combinator, Cyble is investing in its research and development (R&D) capabilities and core technologies while also expanding strategically to serve the global need for cybersecurity. As the world of business becomes increasingly digital, digital assets become an increasingly attractive target for cybercriminals operating on the dark web, a shadowy digital world where stolen credentials are bought and sold with increasing ease.
Cyble's scalable, robust, and ‘smart’ technology combined with the human intelligence of its network of security researchers provide Fortune 500 companies and other organizations with real-time visibility to vulnerabilities in their digital footprint exposed on the dark web, helping them counter cyber threats effectively.
“For too long, businesses have been reactive to cyber threats,” said Beenu Arora, Founder and CEO at Cyble. “Cyble seeks to empower organizations worldwide with the advanced intelligence they need to recognize imminent threats that directly matter to them. Being backed by Y Combinator boosts our capabilities and presents an opportunity for us to scale our business.”