Goldman-backed cybersecurity firm Cyfirma bags Series A funding

Photo by Shahadat Rahman on Unsplash

Singapore-based cybersecurity firm Cyfirma has raised an undisclosed amount in Series A investment from early- growth private equity fund Z3Partners, according to a statement.

This new investment, which comes just four months after Cyfirma’s separation from Antuit Group in October 2019, brings the company’s total funding to $8 million.

With this investment, Z3Partners joins Goldman Sachs and Zodius Capital as shareholders of Cyfirma.

The company said that it will use the fresh funding to further capitalize on its position in the cyber visibility and threat intelligence category in Japan to expand into markets across Asia, including India, and the US.

The funds will also be used to support the development roadmap of Cyfirma’s cyberintelligence analytics platform.

“I’m glad Z3Partners share in our vision. Having the financial support of Z3Partners will accelerate our product engineering efforts, grow our team, and bring our innovative threat intelligence platform to new markets rapidly,” said Ritesh Kumar, Founder and CEO of Cyfirma.

Headquartered in Singapore and Tokyo, Cyfirma offers predictive cyber threat visibility and intelligence analytics. It claims to help organisations proactively identify potential threats at the planning stage of cyberattacks, offer deep insights into their cyber landscape, and amplify their preparedness by keeping their cybersecurity posture up-to-date and resilient.

The firm was said to raise $5 million from Goldman Sachs and Zodius Capital in October last year.

Z3Partners, meanwhile, is an early-growth private equity fund that has invested in the India technology and digital market for over 20 years.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.