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    Home » News » CYRISMA secures Series A funding to boost risk management platform
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    CYRISMA secures Series A funding to boost risk management platform

    Danielle TriggBy Danielle TriggOctober 12, 2024No Comments3 Mins Read
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    CYRISMA, a US-based provider of risk management solutions, has raised Series A financing to accelerate the development of its all-in-one platform. The funding round, led by Blueprint Equity, also saw participation from SaaS Venture and Golden Ventures, with the fresh capital set to drive growth in customer success and bolster sales and marketing efforts.

    CYRISMA’s platform is designed to enhance security for managed service providers (MSPs), offering a cost-effective, comprehensive solution to identify and prioritise vulnerabilities, track compliance requirements, and manage risks associated with artificial intelligence (AI). The company aims to simplify security management for MSPs, which are increasingly relied upon by small and medium-sized businesses (SMBs) to protect against the rising tide of cybersecurity threats.

    Liam Downward, co-founder and Chief Product Officer (CPO) at CYRISMA, expressed enthusiasm for the new partnership with Blueprint Equity. “We are thrilled to work alongside Blueprint and leverage their expertise and resources to continue enhancing our platform,” he said. “This investment will enable us to further deliver an affordable, comprehensive risk management solution for MSPs, helping them safeguard their clients more effectively. Additionally, we look forward to expanding into new markets, boosting our brand presence, and increasing awareness of our platform globally.”

    CYRISMA’s solution addresses a growing need in the cybersecurity sector, particularly as SMBs turn to MSPs to manage their digital security. The platform streamlines vulnerability remediation, tracks regulatory compliance, and provides tools to mitigate AI-related security risks, a feature that is becoming increasingly relevant as businesses adopt more AI-driven technologies. By offering a multi-tenant solution, CYRISMA allows MSPs to manage multiple client environments securely and efficiently, a key advantage in today’s cybersecurity landscape.

    The financing round will also see Sheldon Lewis of Blueprint Equity join CYRISMA’s Board of Directors. Speaking on the investment, Mr Lewis highlighted the importance of CYRISMA’s offering in an era of heightened security concerns for SMBs. “As cyber threats become more frequent, more and more businesses are turning to MSPs for their cybersecurity needs. The demand for strong, multi-tenant solutions like CYRISMA’s has grown significantly as a result,” he explained.

    Lewis praised the company’s leadership team for their expertise in the MSP market. “We were impressed by the breadth of CYRISMA’s platform and the satisfaction expressed by their existing customers. Liam, CEO Oliver Downward, and the rest of the team bring deep insight into the unique challenges faced by MSPs. We are excited to support CYRISMA through this next stage of growth.”

    CYRISMA’s platform is positioned to benefit from growing global demand for cybersecurity services as businesses, particularly those in the SMB sector, continue to face evolving digital threats. With its expanded resources following the Series A round, the company is poised to expand its reach both in the US and internationally, driving further adoption of its cost-effective, all-in-one risk management solution.

    The company is now set to ramp up development and pursue broader market opportunities while maintaining its focus on providing MSPs with the tools needed to safeguard their clients.

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    Danielle Trigg
    Danielle Trigg

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