Rochester, NY-based Cyrisma, a cybersecurity platform specializing in risk management for Managed Service Providers (MSPs), has successfully secured $7 million in Series A funding. The funding round, which was led by Blueprint Equity with additional contributions from SaaS Venture and Golden Ventures, places Cyrisma in a strong position to accelerate its platform development, enhance customer success, and boost its sales and marketing initiatives. Sheldon Lewis from Blueprint Equity will join Cyrisma’s Board of Directors, signaling a vote of confidence in the company’s future direction. Co-founded by Liam Downward, Cyrisma provides a comprehensive solution designed to identify, prioritize, and mitigate security vulnerabilities, while also tracking compliance requirements and managing AI security risks.
Increasing Investments in Cybersecurity
The $7 million funding round underscores a broader trend of increasing investments in cybersecurity, reflecting the growing recognition of its critical importance in the tech industry. The urgency to bolster cybersecurity measures comes as businesses increasingly face complex and sophisticated threats. Cyrisma’s platform aims to simplify these challenges for MSPs by offering a unified solution that covers various aspects of cybersecurity, from vulnerability identification to compliance tracking. Such a platform is crucial because it allows MSPs to offer enhanced security services to their clients without the need for multiple disparate solutions. With the fresh influx of capital, Cyrisma plans to not only advance its technological capabilities but also to expand its reach and impact within the cybersecurity market. This investment represents a significant milestone for Cyrisma and highlights the vital role that comprehensive cybersecurity solutions play in the modern digital landscape.