Israeli cybersecurity startup CYE raised $100 million from EQT Partners and 83North to grow sales in the U.S. and Western Europe. CYE doubled sales last year and is already profitable, Chief Executive Officer Reuven Aronashvili said in an interview. CYE is now targeting revenue growth of 300% to 400% a year, he said. relates to Israeli Cybersecurity Firm CYE Raises $100 Million for Expansion.
Founded in 2012, the company’s flagship service is real-time attacks on companies’ virtual defenses in order to discover vulnerabilities. CYE counts UBS Group AG and Philips NV as clients, according to its website. CYE is among hundreds of Israeli startups drawing in foreign investments.