Tel Aviv-based company Cypago has made an exciting announcement, revealing the launch of its highly anticipated Cyber GRC Automation (CGA) platform. The platform aims to revolutionize the Governance, Risk, and Compliance (GRC) space by bridging the gap between management, security, and operations teams. With $13 million in total funding from leading investors, including Entrée Capital, Axon Ventures, and Jump Capital, Cypago is poised to make a significant impact in the cybersecurity industry.
Founded by Arik Solomon, a former EY executive, and Yahav Peri, a former officer in the IDF Intelligence Corps and a cybersecurity expert, Cypago has established itself as a frontrunner in GRC. The company’s CGA platform is designed to automate and streamline the complex and increasingly onerous GRC processes that organizations must adhere to in order to maintain compliance.
The proliferation of cybersecurity regulations aimed at protecting business and customer data has created a daunting challenge for organizations. In 2022 alone, more than 40 US states introduced 250 bills focused on cybersecurity. This number is only expected to rise as the White House continues to outline its vision for a comprehensive cybersecurity implementation plan.
The Cypago CGA platform stands out from its competitors by combining Software-as-a-Service (SaaS) architecture with advanced analysis and correlation engines, GenAI, and Natural Language Processing (NLP)-based automation. This comprehensive approach offers complete coverage across all security frameworks and IT environments, including both cloud-based and on-premises systems.
The platform offers hundreds of out-of-the-box automation templates for renowned frameworks such as NIST CSF, NIST 800-53, SOC 2, and ISO 27001. In addition, users have the flexibility to implement custom frameworks to suit their specific needs. This level of customization ensures that organizations can tailor their GRC processes to align with industry standards.
One of the standout features of the Cypago CGA platform is its customizable no-code automated workflows. These workflows streamline evidence collection, continuous control monitoring, gap discovery, and mitigation, while also allowing for easy integrations with existing tech stacks. This centralized visibility and management of IT and security requirements enhance the efficiency of GRC management, security, and operations teams, ultimately building trust with customers and stakeholders.
Arik Solomon, Co-Founder & CEO of Cypago, highlighted the limitations of traditional cyber GRC processes, describing them as manual, fragmented, and time-consuming. He emphasized that the increasing risk of cyber threats, coupled with the growing complexity of security-related GRC obligations, diverts attention from enhancing business security. Failure to comply with GRC mandates can lead to costly fines, erode customer trust, and even result in major data breaches. Solomon expressed his excitement about Cypago’s role in automating cyber GRC processes to save organizations time and effort, foster collaboration with adjacent teams and stakeholders, and enable them to focus on their core strengths.
Adi Gozes, a partner at Entrée Capital, praised the transformative impact of the Cypago CGA platform, describing it as a game-changer for companies’ approach to GRC processes. By automating and streamlining the implementation of security standards, Cypago liberates enterprises from the burdensome and resource-intensive nature of these processes. This proactive approach paves the way for a safer future where GRC requirements transcend mere checkbox compliance. Entrée Capital is delighted to partner with Cypago as they drive improvements in GRC practices, enabling organizations to navigate the complex landscape of compliance with ease and confidence.
Cypago has already gained traction with leading companies in the industry, including Check Point, Hippo, Operative, MTX, and Trigo. Itay Semel, Head of Security & Compliance at Check Point, praised the platform for simplifying and streamlining their compliance process. Through powerful integration capabilities, Check Point stays up-to-date with the latest regulations, ensuring continuous compliance.
With the recent closing of its funding round, Cypago plans to expand its Research and Development (R&D) and product teams, as well as its go-to-market team, while further establishing its presence in North America and the European Union.
For more information about Cypago and its revolutionary CGA platform, interested parties can visit their website at https://cypago.com/.
About Cypago:
Cypago is a tech company that has developed a revolutionary SaaS-based Cyber GRC Automation (CGA) platform. The platform eliminates friction and bridges the gap between management, security, and operations. It automates GRC initiatives, providing in-depth visibility, streamlining enforcement, and significantly reducing overall costs. Leveraging innovative technologies such as advanced analysis and correlation engines, GenAI, and NLP models, the platform supports any security framework in any IT environment. Cypago was founded in 2020 by industry leaders and cybersecurity veterans with extensive experience in developing and commercializing cybersecurity solutions. More information about Cypago can be found on their website at https://cypago.com/.