Rochester, N.Y., October 9, 2024 – CYRISMA, a leading risk management platform, made headlines today as it announced the successful completion of its Series A financing round. The funding was led by Blueprint Equity, alongside contributions from SaaS Venture and Golden Ventures. This investment is set to propel CYRISMA’s platform development, enhance customer success, and expand sales and marketing efforts to a wider audience.
The CYRISMA platform is renowned for accelerating security programs for Managed Service Providers (MSPs). By offering a comprehensive, cost-effective solution to identify, prioritize, and remediate vulnerabilities, track compliance requirements, and manage AI security risk, CYRISMA has distinguished itself as a go-to resource for cybersecurity professionals.
Co-founder and Chief Product Officer of CYRISMA, Liam Downward, expressed his enthusiasm about the partnership with Blueprint Equity. Downward stated, “In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers. This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness.”
Sheldon Lewis from Blueprint Equity, who will be joining CYRISMA’s Board of Directors, highlighted the growing demand for strong cybersecurity solutions tailored for MSPs in light of the increasing security threats faced by small and medium-sized businesses. Lewis commended the CYRISMA platform for its breadth and strong customer satisfaction. He lauded the leadership team at CYRISMA for their deep understanding of the MSP market and expressed eagerness to support the company in its next phase of growth.
CYRISMA’s all-in-one risk management platform serves as a vital tool for Managed Service Providers navigating the evolving landscape of cybersecurity threats. With a focus on providing an effective solution for managing cybersecurity initiatives in a multi-tenant platform, CYRISMA has positioned itself as a valuable resource for MSPs looking to safeguard their clients’ interests.
On the funding front, Blueprint Equity is a key player in providing expansion capital to high-growth, capital-efficient enterprise software and technology-enabled services businesses globally. With $275 million in assets under management and headquarters in La Jolla, CA, Blueprint Equity is dedicated to supporting innovative ventures that demonstrate strong growth potential in the market.
Overall, the collaboration between CYRISMA and Blueprint Equity marks a significant milestone in the realm of risk management and cybersecurity solutions for Managed Service Providers. As both entities gear up for the next phase of growth and development, the industry can expect to see heightened innovation and enhanced security measures to combat evolving cyber threats effectively. For more information on CYRISMA’s all-in-one risk management platform, visit their website at www.cyrisma.com.