XM Cyber Ltd. is a cybersecurity software company that specializes in exposure management. The company tools proactively identify and mitigate cybersecurity risks before they can lead to significant breaches. The company's headquarters are located in

Tel Aviv Tel Aviv-Yafo ( or , ; ), sometimes rendered as Tel Aviv-Jaffa, and usually referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a popula ...

, with offices in

Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, and Neckersulm, Germany.

History

The company was founded by Tamir Pardo (president of the company), Noam Erez (

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

), Boaz Gorodisky (CTO) and Shaul Shani in April 2016. In 2018, the company raised $10 million as an initial fundraising from Swarth Group, controlled by Shaul Shani. In November of the same year, the company raised a $22 million funding round, which includes Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, LP and

UST Global UST, formerly known as UST Global, is a provider of digital technology and transformation, information technology and services, headquartered in Aliso Viejo, California, United States. Stephen J. Ross founded UST in 1998 in Laguna Hills. Th ...

. In July 2020, the company raised $17 million in a Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group. In November 2021, most of the company's shares were sold to the German retail concern Schwarz Group for $700 million. On June 27, 2022, XM Cyber announced its acquisition of Israeli startup Cyber Observer for an estimated $30 million for integrating Cyber Observer's continuous controls monitoring capabilities. On March 22, 2023, XM Cyber announced its acquisition of Confluera, a company specializing in next-generation cyberattack detection and response for cloud environments. On February 27, 2024, XM Cyber introduced for its users a generative AI-powered chat interface with real-time security insights through a natural language interface. On May 2, 2024, XM Cyber and Integrity360 launched CTEM-as-a-Service to help organizations manage and reduce cybersecurity risks. At the same time, XM Cyber published research showing that 80% of organizational exposures are linked to vulnerabilities in misconfigured or outdated systems. In June, the firm launched SAP Exposure Management to protect business-critical applications. In October, it announced a partnership with ACE Pacific to distribute its cybersecurity services across the Asia-Pacific (APAC) region.

Technology

The company's product simulates an attack, allowing customers to see how their system defenses perform. This helps identify security weaknesses that need to be addressed. The product runs on Amazon's AWS cloud,

Microsoft Azure Microsoft Azure, or just Azure ( /ˈæʒər, ˈeɪʒər/ ''AZH-ər, AY-zhər'', UK also /ˈæzjʊər, ˈeɪzjʊər/ ''AZ-ure, AY-zure''), is the cloud computing platform developed by Microsoft. It has management, access and development of ...

, and Google's GCP platforms.

References

{{Reflist Software companies of Israel Technology companies established in 2016