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-
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