SCYTHE, a leading company in adversarial emulation, announced the firm has secured $10 million in Series A funding, led Gula Tech Ventures and Paladin Capital Group. SCYTHE will appoint a member of the Energy Impact Partners (EIP) management team as a Board Observer. Energy Impact Partners (EIP) has invested in Series A funding round.
SCYTHE makes it possible for offensive security, defensive security, and hybrid “purple” teams to quickly create and simulate real-world cybersecurity threats. This assists clients in validating their company’s and workers’ risk posture. SCYTHE’s advanced attack emulation platform for the enterprise and cybersecurity consulting sector will benefit from the new funding, which will allow the business to grow its engineering, sales and marketing, and customer service operations.
“We are delighted by our investors’ enthusiastic support of our growth as cybersecurity risks and ransomware continue to grow significantly. What the team has been building is truly transformative and bringing on EIP’s market insights will speed that deployment and adoption in the industry,” said Bryson Bort, CEO and Founder, SCYTHE.
Ron Gula, President and Co-Founder of Gula Tech Adventures, who also sits on SCYTHE’s board of directors said, “SCYTHE and its attack emulation platform have an outstanding track record of enabling enterprise to protect itself and we are so pleased to be partnering up with EIP in order to help bolster the security of US critical infrastructure,”
“SCYTHE has demonstrated a powerful working solution that can proactively defend any organization against the most advanced cyber threats targeting US and global digital infrastructure. Paladin is proud and excited to support SCYTHE in its continued impressive growth,” said Christopher Steed, Chief Investment Officer and Manager Director, Paladin Capitol Group.
“Security teams are struggling to validate the efficacy of security tools and are experiencing significant tech sprawl. SCYTHE’s agentless approach helps security teams validate the efficacy of such tools and justify spend. We’re very excited to partner with the Scythe team and look forward to helping them bring their technology to critical infrastructure sectors,” says Harry Giovani, Managing Partner at Energy Impact Partners.