CyCognito Valuation, Funding & Investors
CyCognito is valued at $800M as of December 2021.
Last CyCognito valuation
$800M
Series C · Dec 2021
Last CyCognito funding round
$100M
Series C · Dec 2021
Cumulative funding CyCognito raised
$153M
across 4 funding rounds
Key investors in CyCognito
UpWest
Lightspeed Venture Partners
Sorenson Capital
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Dan ScheinmanAccel
Thomvest Ventures
About CyCognito
CyCognito is a Palo Alto-based cybersecurity company, founded in 2018, that provides an external attack surface management platform using machine learning and natural language understanding to autonomously discover, test, and prioritize security risks across an organization's internet-exposed assets. The platform builds a graph model of a company's digital footprint, scans for vulnerabilities across servers and devices, and flags likely attacker entry points, including unknown or abandoned systems that manual methods often miss. CyCognito serves Fortune 500 companies and government entities such as Colgate-Palmolive, Tesco, and the State of California.
Founded
2017
HQ
United StatesWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$800M (Dec 2021)
CyCognito Valuation
CyCognito is currently valued at $800M, based on its Series C in December 2021.
The $100M round was led by The Westly Group, with participation from Heritage Group, Geodesic Capital, Sorenson Ventures, Dan Scheinman, Lightspeed Venture Partners and 5 other investors.
CyCognito valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series C | $800M |
CyCognito Funding History
CyCognito has raised a total of $153M across 4 funding rounds.
CyCognito's first fundraising round was a $5M seed round in January 2018. The most recent completed round was a $100M Series C in December 2021.
CyCognito funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series C | The Westly Group (lead); Heritage Group; Geodesic Capital; Sorenson Ventures; Dan Scheinman; Lightspeed Venture Partners; Kli Capital; Accel; Harpoon; Thomvest Ventures; UpWest | $100M | $800M | CyCognito is a Palo Alto-based cybersecurity company providing an external attack surface management platform that uses machine learning and natural language understanding to autonomously discover, contextualize, and prioritize security risks across an organization's internet-exposed assets. The platform builds a graph model of the company's structure, scans billions of servers and devices, and identifies potential entry points for attackers, serving Fortune 500 clients like Colgate-Palmolive, Tesco, Scientific Games Corporation, and government entities such as the State of California. On December 1, 2021, CyCognito raised $100 million in a Series C funding round led by The Westly Group, with participation from new investors Thomvest Ventures and The Heritage Group, alongside existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures, and UpWest. This brought the company's total funding to $153 million. The post-money valuation for the round was $800 million. Funds were intended to expand operations, grow the workforce from around 140 to 230 by end of 2022, enhance platform capabilities, and increase market reach. The company differentiated itself with automated security testing at scale for millions of assets amid rising demand for proactive cyber defense in digital transformation and remote work environments. |
| Jul 2020 | Series B | Accel (lead); Sorenson Capital; Lightspeed Venture Partners; UpWest | $30M | - | CyCognito is a cybersecurity company founded in 2018 that specializes in external attack surface management, using AI and machine learning to autonomously discover, test, and prioritize security risks from attacker-exposed systems and assets, including unknown, uncontrolled, or abandoned digital assets. The platform leverages the 'Path of Least Resistance' (POLaR) concept to identify vulnerabilities that attackers target, providing organizations with continuous assessment and remediation guidance superior to manual methods. On July 23, 2020, CyCognito raised $30 million in a Series B funding round led by Accel, with participation from existing investors Lightspeed Venture Partners, Sorenson Ventures, and UpWest, bringing total funding to $53 million. The capital was intended to accelerate customer acquisition, expand market reach, enhance platform capabilities, and educate enterprises on closing gaps in externally exposed systems. Eric Wolford from Accel joined the board as part of the deal. Notable customers at the time included Bertelsmann SE & Co. KGaA, City of Copenhagen, HumanAPI Inc., Storebrand ASA, Apria Healthcare Group Inc., MacAndrews & Forbes Inc., and Axel Springer SE, highlighting adoption across enterprises and government entities. The company continued growth post-Series B, raising a $100 million Series C in December 2021 led by The Westly Group (with participation from Accel, Lightspeed, Sorenson Ventures, UpWest, Thomvest Ventures, and The Heritage Group), achieving 4x new ARR growth and 3x Fortune 500 customer expansion in the prior 12 months, with a reported valuation of $800 million and total funding reaching $153 million. Customers like Colgate-Palmolive, Tesco, Scientific Games, and the State of California adopted the platform for global visibility into web-facing assets. |
| Nov 2019 | Series A | Lightspeed Venture Partners (lead); Cyber Mentor Fund; Sorenson Capital; Dan Scheinman; John Thompson; UpWest | $18M | - | CyCognito raised $18 million in a Series A funding round on November 19, 2019, led by Lightspeed Venture Partners with participation from Sorenson Ventures, John W. Thompson, and prior seed investors including UpWest and Dan Scheinman. The company develops a SaaS platform to identify and eliminate shadow risk, addressing security blind spots in hyperconnected IT ecosystems spanning on-premises, cloud, partner, and subsidiary environments. At the time, the platform was in use by dozens of customers in financial, healthcare, and hospitality sectors, targeting a $50 billion total addressable market. The funding supported expansion of the engineering, sales, customer success, and marketing teams to meet enterprise demand and increase brand awareness. CyCognito's approach automates offensive cybersecurity operations for reconnaissance superior to attackers. This Series A followed a $5 million seed round in January 2018 and preceded a $30 million Series B in 2020 led by Accel, bringing total funding to $53 million. |
| Jan 2018 | Seed | Sorenson Capital; Dan Scheinman; UpWest | $5M | - | CyCognito raised a $5 million seed round on January 1, 2018. Investors included Dan Scheinman, with Sorenson Capital and UpWest participating in later rounds. |
Who has invested in CyCognito?
14 investors have backed CyCognito across its funding rounds, including UpWest, Lightspeed Venture Partners, Sorenson Capital, Dan Scheinman, Accel and Thomvest Ventures.
Lead investors include The Westly Group, Accel and Lightspeed Venture Partners.
CyCognito Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Participant | Jan 2018 | |
| Salt Lake City, UT | 3 | Participant | Jan 2018 | |
| Dan Scheinman | San Francisco, CA | 3 | Participant | Jan 2018 |
| San Francisco, CA | 3 | Lead | Nov 2019 | |
| Palo Alto, CA | 2 | Lead | Jul 2020 | |
| San Francisco, CA | 1 | Lead | Dec 2021 | |
| Nashville, TN | 1 | Participant | Dec 2021 | |
| San Francisco, CA | 1 | Participant | Nov 2019 | |
| San Francisco, CA | 1 | Participant | Dec 2021 | |
| Salt Lake City, UT | 1 | Participant | Dec 2021 | |
 Montreal | 1 | Participant | Dec 2021 | |
| San Diego, CA | 1 | Participant | Dec 2021 | |
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Start Free TrialCyCognito Competitors
CyCognito competitors include listed companies like Beijing CTJ Info Tech and Rezolve AI, and private ones like 7AI, TENEX.AI, NHN Cloud and ScienceLogic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Private | - | - | $700M | - | |
| Sarasota, FL | Private | $43M | - | $1B | 23.3x | |
 Seongnam | Private | $132M | - | $805M | 6.1x | |
| Reston, VA | Private | $100M | - | $837M | 8.4x | |
 China | Publicly listed | $123M | $13M | $904M | 4.9x | |
 United Kingdom | Publicly listed | $47M | ($109M) | $950M | 4.0x |
CyCognito Public Comps
CyCognito is still privately-owned, but its public comps include Asiainfo Security, Mitek Systems, Riskified, Rapid7, Yubico, CANCOM, Beijing CTJ Info Tech, BeiJing Certificate, Feitian Technologies and OneSpan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
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Common questions about CyCognito
| When was CyCognito founded? | CyCognito was founded in 2017. |
| Where is CyCognito headquartered? | CyCognito is headquartered in United States. |
| Is CyCognito publicly listed? | No, CyCognito is a private, VC-backed company. |
| What is CyCognito's valuation? | CyCognito was last valued at $800M in its Series C in December 2021. |
| How much funding has CyCognito raised? | CyCognito has raised $153M across 4 funding rounds. |
| What was CyCognito's last funding round? | CyCognito's last funding round was a $100M Series C in December 2021, led by The Westly Group. |
| Who are CyCognito's investors? | CyCognito's investors include UpWest, Sorenson Capital, Dan Scheinman, Lightspeed Venture Partners, Accel, The Westly Group, Heritage Group, Cyber Mentor Fund, Geodesic Capital, Sorenson Ventures and 4 others. |
| Which companies are comparable to CyCognito? | Companies comparable to CyCognito include 7AI, TENEX.AI, NHN Cloud, ScienceLogic, Beijing CTJ Info Tech and Rezolve AI. |
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