Cyberbit

Company Overview

Snapshot

Founded in April 2015, Cyberbit operates with 51–200 employees. The company has raised a total of $52 million across three funding rounds from two investors. In May 2020, Cyberbit was acquired by Charlesbank Capital Partners.

Business overview

Cyberbit provides advanced cybersecurity solutions for sensitive and valuable systems across government, military, enterprise, and academia. The company leverages machine learning, big data, and graph-based malware analysis to detect, analyze, and respond to sophisticated threats. Its platform offers a comprehensive solution for managing SOC readiness and skill development, enabling organizations to benchmark, quantify, and train their information security teams through hands-on cyber labs and simulated cyberattacks within a hyper-realistic cyber range. Cyberbit operates within the Cyber Security sector, focusing on security operations, and serves a global market.

Strategic signal

In May 2024, Cyberbit significantly expanded its presence in higher education by adding 10 new customers. This expansion demonstrates the growing demand for specialized cybersecurity skill development platforms within academic institutions and validates Cyberbit's approach to preparing the next generation of cyber professionals, signaling strong market adoption and potential for continued growth in this segment.

Company Intelligence Q&A

When was Cyberbit acquired?

Cyberbit was acquired by Charlesbank Capital Partners in May 2020.

What was a key development for Cyberbit in May 2024?

In May 2024, Cyberbit expanded its reach in higher education by securing 10 new customers for its cybersecurity training solutions.

What was a notable partnership for Cyberbit in February 2023?

In February 2023, Cyberbit partnered with Deloitte to enhance cyber readiness across various industries.

What product did Cyberbit launch in March 2022?

In March 2022, Cyberbit launched a cyber readiness platform designed to test the skills of security teams.

What was a significant product launch by Cyberbit in December 2020?

In December 2020, Cyberbit launched the first Zero to Hero Cyber Skills Development Cloud, aimed at providing comprehensive cyber skill training.