Cyberbit Overview
Cyberbit offers cybersecurity solutions for sensitive and valuable systems in government, military, enterprise, academia, and other fields. Its solutions use machine learning, big data, graph-based malware analysis, and other technologies to detect, analyze, and respond to advanced threats. The Cyberbit platform provides security leaders with a single destination for managing all SOC readiness and skill development activities. Organizations use Cyberbit to benchmark and quantify their information security teams, plan and run skill development programs, screen candidates, and train new hires. The Cyberbit platform provides hands-on cyber labs and a large catalog of live-fire, simulated cyberattacks. Live-fire exercises run in a hyper-realistic cyber range that emulates real-world networks and provides commercial security tools, including SIEM, firewall, and EDR products.
Cumulative Funding Raised Over Time ($)
—Aug 2024
$30.0MJun 2018
$52.0MMay 2020
Latest News
growth-positive
Cyberbit Receives Funding
Cyberbit, a cybersecurity skill development platform provider based in Newburyport, MA, has secured an undisclosed amount of funding from Charlesbank Capital Partners. The investment aims to support Cyberbits future acquisitions, expansion, and product development. Led by CEO Caleb Barlow, Cyberbit offers a hyper-realistic simulation platform that helps organizations build elite cybersecurity teams by immersing them in lifelike cyber attack scenarios. The platform is used by industry, government, and educational institutions, delivering over 1 million hours of exercises annually. This funding is expected to bolster Cyberbits growth and enhance its offerings in the cybersecurity training sector.
InvestmentExpandAcquisition
growth-positive
Cyberbit Expands Reach in Higher Education with 10 New Customers
Cyberbit, a leading platform for experiential cybersecurity education, has been chosen by 10 universities including Florida State at Jacksonville and Chipola College, to equip their students with in-demand cybersecurity skills. Cyberbits platform provides hands-on learning with real-world security tools like Splunk, Microsoft Defender, AWS, QRadar, Crowdstrike, and others. The company also collaborates with universities on curriculum development and runs live-fire competitions that place students in real-world attack scenarios. Cyberbits CEO, Caleb Barlow, will deliver the keynote address at the 2024 NICE Conference & Expo.
CustomersPartners
growth-positive
Deloitte and Cyberbit partner to improve cyber readiness across industries - Help Net Security
Deloitte EMEA-LATAM Cybersphere Center (ECC) and Cyberbit have formed a strategic partnership to enhance cyber readiness by focusing on the human element of cybersecurity. The partnership will enable Deloitte to offer advanced cyber strategy services, skills development, and training to its customers. The Cyberbit platform will be utilized to provide experiential learning, performance assessment, and crisis simulation experiences. Deloitte aims to reduce risks and strengthen cyber readiness for its clients by leveraging the Cyberbit platform. The partnership is expected to drive growth and bring greater value to Deloittes customers.
Partners
growth-positive
Cyberbit Launches First Hyper-Realistic Cyber Security Tournament for Higher Education
Cyberbit has announced the International Cyber League: Collegiate Cup, a cyber security competition that immerses students in real-world attacks. The competition aims to test both technical and soft skills required for cyber defense positions. The number of open cyber security positions in North America is high, driving the need for qualified graduates. The competition is open to students worldwide, and the winning team will be awarded high-value prizes. This is the second competition Cyberbit is running in 2022, following a successful global competition for corporate and government cyber defense teams. Cyberbits platform is used by various institutions and organizations for cyber security education and training.
CustomersExpand
growth-positive
Cyberbit launches cyber readiness platform to test security team skills
Cyberbit has launched a new Cyber Readiness platform that allows organizations to simulate cyberattacks and assess the preparedness of their cyber workforces. The platform is a software-as-a-service (SaaS) solution that can emulate ransomware and supply chain attacks, providing users with an opportunity to mitigate these attacks using their daily security tools. The launch addresses the challenge of incident response, which has been a struggle for organizations due to a lack of internal skills and resources. Cyberbit aims to provide a scalable training solution for security teams to manage immersive threats and remediate them quickly. The companys CEO, Adi Dar, emphasizes the importance of investing in cyber defense teams and preparing them for real-world attack scenarios. The automated breach and attack simulation market is growing, and Cyberbit competes with other providers such as Immersive Labs and Cymulate.
CustomersPartners
| Sector | Cyber Security |
Funding
| Total funding | $52M |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 3 |
| Investors | 2 |
Team Members
7
Employees: 51-200
Web & Social Links
| Website | www.cyberbit.com/ |
| Careers | Careers page |
Locations
44 Merrimac St, Newburyport, MA 01950, USA
Middle Circle, Inner Circle, Block E, Connaught Place, New Delhi, Delhi, India
103 Kingsway, London WC2B 6QX, UK
Mies-van-der-Rohe-Strae 8, 80807 Mnchen, Germany
6600 Chase Oaks Boulevard, Plano, Texas 75023, USA
Temasek Boulevard, Centennial Tower, Singapore
Photos & Videos
3 item(s)
Cyberbit Business
Business models
B2B, B2G
Product stage
Released
Employees
51-200
Sector
Cyber SecuritySecurity OperationsTarget Customer
EducationDefense, Safety & SecuritySecurityPublic SecurityHomeland SecurityLaw EnforcementFinancial ServicesFinancial InstitutionsEnterprise & Professional ServicesEnterprisesGovernment & CityCore Technology
Platforms & InterfacesSoftwareArtificial IntelligenceMachine LearningTags (19)
idslaw-enforcementscadaincident-responsecyber-intelligencecyber-securityhomeland-securitytrainingdefensesocsecurity-operationsnetwork-securitygovernmentthreat-intelligenceiotenterprisesautomationorchestrationendpoint-securityGeographic Markets
GlobalCyberbit Financials
$52M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
3
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2024
$30.0MJun 2018
$52.0MMay 2020
Private Equity Funding
Undisclosed Round
Aug 2024
Undisclosed
Charlesbank Capital Partners (Lead)
Undisclosed Round
May 2020
$22M
Claridge Israel (Lead)
,
Charlesbank Capital Partners
Undisclosed Round
Jun 2018
$30M
Claridge Israel
Public Offering / Exit
MNAEvent
May 2020
$48M
Cyberbit Lifecycle
Cumulative Funding Raised Over Time
—Aug 2024
$30.0MJun 2018
$52.0MMay 2020
All Events
Undisclosed Round
Aug 2024
Undisclosed
Charlesbank Capital Partners (Lead)
Undisclosed Round
May 2020
$22M
Claridge Israel (Lead)
,
Charlesbank Capital Partners
Undisclosed Round
Jun 2018
$30M
Claridge Israel
MNAEvent
May 2020
$48M
Cyberbit News
22 articles
growth-positive
Cyberbit Receives Funding
Cyberbit, a cybersecurity skill development platform provider based in Newburyport, MA, has secured an undisclosed amount of funding from Charlesbank Capital Partners. The investment aims to support Cyberbits future acquisitions, expansion, and product development. Led by CEO Caleb Barlow, Cyberbit offers a hyper-realistic simulation platform that helps organizations build elite cybersecurity teams by immersing them in lifelike cyber attack scenarios. The platform is used by industry, government, and educational institutions, delivering over 1 million hours of exercises annually. This funding is expected to bolster Cyberbits growth and enhance its offerings in the cybersecurity training sector.
InvestmentExpandAcquisition
growth-positive
Cyberbit Expands Reach in Higher Education with 10 New Customers
Cyberbit, a leading platform for experiential cybersecurity education, has been chosen by 10 universities including Florida State at Jacksonville and Chipola College, to equip their students with in-demand cybersecurity skills. Cyberbits platform provides hands-on learning with real-world security tools like Splunk, Microsoft Defender, AWS, QRadar, Crowdstrike, and others. The company also collaborates with universities on curriculum development and runs live-fire competitions that place students in real-world attack scenarios. Cyberbits CEO, Caleb Barlow, will deliver the keynote address at the 2024 NICE Conference & Expo.
CustomersPartners
growth-positive
Deloitte and Cyberbit partner to improve cyber readiness across industries - Help Net Security
Deloitte EMEA-LATAM Cybersphere Center (ECC) and Cyberbit have formed a strategic partnership to enhance cyber readiness by focusing on the human element of cybersecurity. The partnership will enable Deloitte to offer advanced cyber strategy services, skills development, and training to its customers. The Cyberbit platform will be utilized to provide experiential learning, performance assessment, and crisis simulation experiences. Deloitte aims to reduce risks and strengthen cyber readiness for its clients by leveraging the Cyberbit platform. The partnership is expected to drive growth and bring greater value to Deloittes customers.
Partners
growth-positive
Cyberbit Launches First Hyper-Realistic Cyber Security Tournament for Higher Education
Cyberbit has announced the International Cyber League: Collegiate Cup, a cyber security competition that immerses students in real-world attacks. The competition aims to test both technical and soft skills required for cyber defense positions. The number of open cyber security positions in North America is high, driving the need for qualified graduates. The competition is open to students worldwide, and the winning team will be awarded high-value prizes. This is the second competition Cyberbit is running in 2022, following a successful global competition for corporate and government cyber defense teams. Cyberbits platform is used by various institutions and organizations for cyber security education and training.
CustomersExpand
growth-positive
Cyberbit launches cyber readiness platform to test security team skills
Cyberbit has launched a new Cyber Readiness platform that allows organizations to simulate cyberattacks and assess the preparedness of their cyber workforces. The platform is a software-as-a-service (SaaS) solution that can emulate ransomware and supply chain attacks, providing users with an opportunity to mitigate these attacks using their daily security tools. The launch addresses the challenge of incident response, which has been a struggle for organizations due to a lack of internal skills and resources. Cyberbit aims to provide a scalable training solution for security teams to manage immersive threats and remediate them quickly. The companys CEO, Adi Dar, emphasizes the importance of investing in cyber defense teams and preparing them for real-world attack scenarios. The automated breach and attack simulation market is growing, and Cyberbit competes with other providers such as Immersive Labs and Cymulate.
CustomersPartners
Cyberbit Launches the First Zero to Hero Cyber Skills Development Cloud
growth-positive
Charlesbank invests $70m in Elbit unit Cyberbit
Elbit Systems Ltd., an Israeli defense electronics company, announced that Charlesbank Technology Opportunities Fund has invested $70 million in its subsidiary, Cyberbit Ltd. Charlesbank invested $22 million in Cyberbit and paid $48 million for some of Elbit Systems’ shares in Cyberbit, making Elbit Systems a minority shareholder in Cyberbit. The funding will be used to accelerate the development of Cyberbits cyber range product and to grow global sales and marketing. Cyberbit was founded in 2015 to provide commercial training systems for cybersecurity teams.
Investment
https://finance.yahoo.com/news/cyberbit-100-000-worth-remote-130000943.html
https://finance.yahoo.com/news/cyberbit-range-hyper-realistic-cyber-140000589.html
growth-positive
Cyberbit and Purdue Partner to Advance Cybersecurity Workforce Education and Training - Benzinga
Cyberbit and Purdue University have entered into a partnership to enhance cybersecurity workforce education and training. Purdue will launch a Cyberbit Range, a simulated training platform for cybersecurity practitioners. Businesses in the United States can work with Purdues cybersecurity faculty and professionals to assess and enhance cybersecurity skills across their workforce. The partnership aims to improve learning outcomes and develop proactive defenses against cyberattacks. Purdue and Cyberbit will also collaborate on enhancing current cybersecurity offerings, expanding research on teaching approaches, and developing a joint Information Technology Security Lab. Cyberbit is a leading provider of cyber ranges for simulated cybersecurity training.
Partners
growth-positive
Cyberbit Launches SCADAShield Mobile -- a Portable System for On-Site, On-Demand Visibility Into the Risk Posture of Industrial Control System Networks
Cyberbit Ltd. has officially launched SCADAShield Mobile, a portable unit for monitoring and auditing Industrial Control System (ICS) networks. The unit enables on-demand audits and provides asset discovery, threat detection, and vulnerability assessment for ICS networks. SCADAShield Mobile is designed for first responders, service providers, auditors, and critical infrastructure network managers. It uses Deep Packet Inspection technology to create a comprehensive map of the OT network, an asset inventory report, and a list of vulnerabilities and threats. The unit supports a wide range of OT protocols and is suitable for spot checks or emergency scenarios. Cyberbit will showcase SCADAShield Mobile at the RSA Conference 2019. Pricing is based on a license fee per unit.
CustomersPartners
Cyberbit and CloudRange Cyber Announce the First Cyber Range "As a Service" in North America
growth-positive
Israel's Cyberbit banks on the rising demand of cybersecurity in India - ET CIO
Israeli cybersecurity company Cyberbit is focusing on the rising demand for cybersecurity solutions in India, particularly in the banking sector. The company is targeting enterprise customers in the banking and managed security services space. The Reserve Bank of Indias (RBI) Cyber Security Framework has led to increased demand for cybersecurity solutions and services in the domestic market. Cyberbit sees India as a major market due to its scale and potential for investment. The company aims to work with service providers in India that offer services to international markets. India is considered a fast-growing cybersecurity market, with the economy building and reaching maturity in terms of security. The enterprise information security spending in India is expected to reach $1.9 billion in 2019.
Customers
Miami Dade College and Cyberbit Announce Opening of New Cyber Range Training Facility
growth-positive
Cybersecurity Company Cyberbit Raises $30 Million
Cybersecurity company Cyberbit Ltd., a subsidiary of Elbit Systems Ltd., has raised $30 million in investment from Claridge Israel L.P. The company plans to use the funds to expand sales and marketing operations in North America and other markets. Cyberbit develops and markets cyber training and simulation platforms, as well as detection and response platforms for cyber threats. The company was reorganized in September 2017, separating its defense and cyber intelligence business from its commercial cyber business. In December 2017, a report linked a spyware developed by a company identified as Cyberbit to the Ethiopian governments cyber campaign. However, a spokeswoman for Elbit stated that the activity referred to in the report is not related to the current Cyberbit Ltd. company.
Investment
growth-positive
Cyberbit Wins Three Gold Cybersecurity Excellence Awards for Innovative Products and Projects
Cyberbit Ltd. has won three Cybersecurity Excellence Awards, including the Security Education Platform category, ICS/SCADA Security category, and Cybersecurity Project of the Year - Middle East. The awards recognize the companys solutions and reinforce the industrys need for integrated technologies from a single vendor. Cyberbits award-winning products include Cyberbit Range, a training and simulation platform, and Cyberbit SCADAShield, an OT security platform. The company was also selected to provide its cybersecurity product suite for a new ultra-secure government facility. The awards were granted by Cybersecurity Insiders in partnership with the Information Security Community on LinkedIn.
CustomersPartners
growth-positive
Elbit Systems restructuring cyber subsidiary
Elbit Systems is restructuring its defense and cyber intelligence business, Cyberbit Solutions, to accommodate its growth. The defense and cyber intelligence business will be split off and assigned to Elbit Systems Land and C41 division, while the civilian cyber business activity will remain in Cyberbit. Elbit Systems aims to reach more customers with its cyber solutions and maintain growth in both the defense and commercial cyber sectors. The company plans to concentrate its civilian cyber activity under the existing Cyberbit brand. Elbit Systems acquired NICE Systems cyber division in 2015 and demanded compensation for inaccurate presentations. The company has a market cap of $5.7 billion.
Customers
growth-positive
Cyberbit Opens Singapore Office
Cyberbit, a cybersecurity solutions company, has opened a new office in Singapore to support its fast-growing customer base in the region. The company sees Singapore as a strategic hub in the Asia Pacific region and aims to be part of the local cybersecurity ecosystem. The new office will focus on serving government and financial sectors. Cyberbits solutions empower enterprises to detect advanced threats, protect critical infrastructure, automate security operations, and train staff. The company is a subsidiary of Elbit Systems. Cyberbit will be exhibiting at RSA Asia Pacific and Japan and will be presenting a session on incident response at the event.
CustomersExpand
growth-positive
Ni Cybersecurity Opens Cyber Range Simulation Training Center in Tokyo
Cyberbit and Ni Cybersecurity have opened a new Cyber Range training facility in Tokyo to address the growing shortage of cybersecurity experts, especially in preparation for the 2020 Tokyo Olympic and Paralympic games. The facility will provide hands-on simulated training for cybersecurity professionals. The training center is the result of a cybersecurity cooperation agreement signed by the Japanese and Israeli governments. The facility will be powered by the Cyberbit Range, a widely deployed cybersecurity training and simulation platform. The initiative is expected to contribute to Japans cyber readiness for the 2020 Olympic Games and beyond.
Customers
growth-positive
Frost & Sullivan Honors Cyberbit as the Leader in Cyber Security Detection and Response
Cyberbit, a cybersecurity solutions provider, has been awarded the Frost & Sullivan 2017 Technology Leadership Award for Cyber Security Detection and Response. The award recognises Cyberbits capabilities in detecting unknown, signature-less and file-less attacks, including ransomware. Cyberbits Endpoint Detection and Response (EDR) system was developed for high-risk military and government organisations and uses machine learning to tailor a behavioural detection policy to the customers organisation. This approach improves the customers ability to identify targeted and unknown threats that bypass conventional systems, and minimises false positives.
Customers
growth-positive
Cyberbit to Provide Cybersecurity Product Suite for Israel's First Secure-by-design Government Facility
Cyberbit, a subsidiary of Elbit Systems, has been selected by the Arison Group - Solel Boneh Infrastructure to provide its cybersecurity product suite for the new Ram Compound in Israel. The Ram Compound will serve as headquarters for sensitive government ministries and will integrate physical and cybersecurity. Deloitte was contracted to lead the cybersecurity aspects of the project. The facility will implement Cyberbits EDR and SCADAShield products, and the cyber security team will train in a local training center powered by the Cyberbit Range. The partnership between Cyberbit, Deloitte, and the Arison Group aims to build a first-of-its-kind secure facility.
Partners
Elbit Systems to buy NICE Cyber Division for $158m
Cyberbit Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 180 |
| Team members | 8 |
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Cyberbit Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515274462 |
| Crunchbase | cyberbit |
| Phone | +1(617)3026855 |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2023-03-09T00:00:00.000Z |
| Created | 2016-02-09T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by Charlesbank Capital Partners on May, 2020 |