Cynomi cinches $37M for its AI-based ‘virtual CISO’ for SMB cybersecurity

Small and medium businesses are the newest targets for cybersecurity attacks, with 1 in 3 breached last year. SMBs are becoming more proactive in detecting and stopping these threats, and today a startup called Cynomi is announcing $37 million in funding to meet that demand.

Insight Partners and Entrée Capital are co-leading the round, with previous backers Canaan, Flint Capital, and S16VC also participating. Cynomi previously raised around $23 million (including this seed round we covered in 2022). We understand from sources close to the…