Tysons-based Merlin International leads $8M Series B funding round for Cyber Observer - Technical.ly DC

Business

Jun. 12, 2019 1:30 pm

Tysons-based Merlin International leads $8M Series B funding round for Cyber Observer

The developer of a platform designed to help clients secure their organizations against cyber threats will use the funding to expand its sales and engineering teams in the U.S.
How cyberly secure is your business?

How cyberly secure is your business?

(Stock photo)

Tysons-based cyber contractor Merlin International announced that it has led an $8 million Series B funding round for Israel-based Cyber Observer, developer of a platform designed to help clients secure their organizations against cyber threats.

Merlin International is the sole investor, and the Washington Business Journal reported that the contractor will take over Cyber Observer’s U.S. and Canadian operations as a result of this transaction. Outside of that, Cyber Observer will use the funding to expand its sales and engineering teams, as well as its products in the U.S., a press release states.

“Merlin is the ideal strategic investor that we had hoped for, with a strong presence in the U.S. market, and the management and cybersecurity expertise that will help our company grow.  Together, we will extend our tools-agnostic cyber hygiene management platform that allows CISOs, InfoSec Managers and their teams the ability to gauge current security posture across all tools and security domains in the U.S. market and beyond,” Itzik Weinstein, CEO of Cyber Observer, said in a statement.

Cyber Observer developed a cyber hygiene platform that monitors and reports on the safety of a company’s security system. Merlin International will provide marketing and sales support to Cyber Observer as the company plans to scale in the U.S.

This round brings Cyber Observer’s funding raise to $12 million to date, according to Crunchbase.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

These are the winners from Northern Virginia Technology Council’s first Cyber Awards

Library of Congress secured a $1M grant to pilot infrastructure for digital research

Howard University will be part of Techstars’ 10-city Startup Weekend tour

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Washington, D.C.

The Washington Post

Senior Full Stack Software Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Washington D.C., District of Columbia, United States

Microsoft

Cloud Solution Architect (CSA) Manager

Apply Now

Are entrepreneurs of color getting the support they need?

These 4 DC-area accelerators each nabbed $50K in federal funding

Applied Insight awarded a ‘mission-critical’ cloud contract from US Cyber Command

SPONSORED

DC

Escape the August heat with cool AI tech

Washington, District of Columbia

Fannie Mae

Business Analyst III

Apply Now

Chantilly, VA

Excivity

Android Software Engineer

Apply Now

Chantilly, VA

Excivity

Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!