Israeli startup Cypago has recently secured a funding round of $13 million with leading investors, including Entrée Capital, Axon Ventures, and Jump Capital. Notable angel investors such as Ariel Maislos, Prof. Ehud Weinstein, and Ofir Shalvi participated in the funding. Alongside this development, Cypago has announced the launch of its governance, risk, and compliance automation platform (GRC).
Cypago was established by Arik Solomon, an executive at EY, and Yahav Peri, a cybersecurity expert who previously served in the IDF Intelligence Corps. Their CGA platform is specifically designed to help organizations automate and streamline their GRC processes.
This innovative platform combines SaaS architecture with analysis tools like GenAI and NLP-based automation. It offers coverage across various security frameworks and IT environments—including cloud-based systems and on-premises setups.
Cypago collaborates with industry leaders such as Check Point, Hippo, Operative, MTX, and Trigo. Arik Solomon, Co-Founder and CEO of Cypago, emphasized the challenges faced by organizations in managing cyber GRC processes traditionally; "Historically speaking," he said, "running cyber GRC processes involved effort that was fragmented and time-consuming. " he added, "as cyber threats continue to escalate in risk level, over time the obligations related to security related GRC become more complex—further exacerbating the burden."
This takes away focus from cybersecurity teams, who should be dedicating their efforts to improving the security of their business. Not conforming to GRC requirements can lead to penalties, damage customer confidence, and even cause significant data breaches.