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New Deal


Announced

Completed

The Westly Group led a $100m Series C funding round in CyCognito.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Private Equity

United States

network management software

Software

Minority

Private

Venture Capital

Completed

Acquisition

Synopsis

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The Westly Group, a venture fund, led a $100m Series C funding round in CyCognito, a developer of a cloud-based network security analysis platform. Additional investors include Thomvest Ventures, The Heritage Group, Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest. "Our number one priority is to provide global enterprises with world-class attack surface protection. That's why we've developed the industry's most dynamic, intelligent platform for comprehensive external attack surface management. Our proactive approach to discovering and prioritizing risk is unmatched in the industry and provides security teams with the insight and confidence to quickly preempt potential attacks," Rob Gurzeev, CyCognito CEO and Co-Founder.

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