Cyware said several enterprise security teams and information sharing communities (ISACs and ISAOs) are using this feature to improve security collaboration while creating shared learnings for organisations and community-wide situational awareness.
“Intel sharing is the key area where, as an industry, everyone has to evolve in 2022,” Akshat Jain, chief technology officer (CTO) and cofounder of Cyware, told ET. “And when I say industry, it does not only mean cybersecurity companies but rather the actors, the members and the sectors who buy cybersecurity solutions.”
The company wrote in a blog post, “The CSAP makes it easier for threat-sharing communities to collaborate by eliminating manual, repetitive and time-consuming processes. Instead, it sets a new benchmark for furthering the collective defence across sectoral ISACs/ISAOs and private sharing communities by automating the sharing and last-mile delivery of threat alerts.”
Cyware is also looking to double down on hiring. Jain said the company tripled its headcount during the 18 months of the pandemic and had over 200 employees at the end of 2021. “We’re hiring across every role, be it engineering, product managers, the solutions team, technical support… because growth has to happen everywhere,” Jain said.
The company is also looking at expanding into new geographies and investing more in its partner ecosystem. Cyware already operates in the Middle East, India and other SAARC countries, and Asia Pacific (APAC). “Within APAC, our focus is going to be a lot more on Australia and we want to penetrate some non-English speaking countries in Q2 or Q3. After Q2, there are plans to go to Europe, where we have customers but don’t have a big presence,” Jain added.
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Cyware raised $10 million in its Series A round and $30 million in Series B within seven months during the pandemic. The company said it is not looking to raise more money right now but will do so “when the time is right”.
