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Advent International led a $30m Series B funding round in Cyware.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Minority

IT Services: Other

Private

United States

Completed

Domestic

Acquisition

Venture Capital

cyber fusion

Private Equity

Synopsis

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Advent International, an American global private equity firm, led a $30m Series B funding round in Cyware, a virtual cyber fusion platform provider. The round had participation from investors Ten Eleven Ventures, Mercato Partners, Emerald Development Managers, Great Road Holdings and Zscaler. "Cyware's early traction among leading enterprises and major ISACs reflects its ability to bring together all key security functions to seamlessly anticipate, contextualize and remediate threats. We look forward to drawing on our experience in this sector to help the talented Cyware team make its Virtual Cyber Fusion platform the gold standard technology for enterprises around the world," Eric Noeth, Advent's technology team Principal.

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