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XM Cyber

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XM Cyber Ltd.
Company typePrivate
FoundersTamir Pardo, Noam Erez, Boaz Gorodinsky, Shaul Shani
HeadquartersTel Aviv-Yafo
Key people
Noam Erez (CEO), Tamir Pardo (president)
Number of employees
100 (November 2021)
ParentSchwartz Group
Websitewww.xmcyber.com

XM Cyber Ltd. is a cybersecurity software company that specializes in exposure management. The company tools proactively identify and mitigate cybersecurity risks before they can lead to significant breaches.[1][2][3][4]

The company's headquarters are located in Tel Aviv, with offices in Dallas, London, and Neckersulm, Germany.[5][6]

History

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The company was founded by Tamir Pardo (president of the company),[7] Noam Erez (CEO), Boaz Gorodisky (CTO) and Shaul Shani in April 2016.[8][9]

In 2018, the company raised $10 million as an initial fundraising from Swarth Group, controlled by Shaul Shani.[10][11] In November of the same year, the company raised a $22 million funding round, which includes Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, LP and UST Global.[12][13]

In July 2020, the company raised $17 million in a Series B funding round with Macquarie Capital, Nasdaq Ventures, Our Innovation Fund, and Swarth Group.[14][15]

In November 2021, most of the company's shares were sold to the German retail concern Schwarz Group for $700 million.[16][17][18]

On June 27, 2022, XM Cyber announced its acquisition of Israeli startup Cyber Observer for an estimated $30 million for integrating Cyber Observer's continuous controls monitoring capabilities.[19][20][21]

On March 22, 2023, XM Cyber announced its acquisition of Confluera, a company specializing in next-generation cyberattack detection and response for cloud environments.[22][23]

On February 27, 2024, XM Cyber introduced for its users a generative AI-powered chat interface with real-time security insights through a natural language interface.[24]

On May 2, 2024, XM Cyber and Integrity360 launched CTEM-as-a-Service to help organizations manage and reduce cybersecurity risks.[25][26] At the same time, XM Cyber published research showing that 80% of organizational exposures are linked to vulnerabilities in misconfigured or outdated systems.[27] In June, the firm launched SAP Exposure Management to protect business-critical applications.[28] In October, it announced a partnership with ACE Pacific to distribute its cybersecurity services across the Asia-Pacific (APAC) region.[29]

Technology

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The company's product simulates an attack, allowing customers to see how their system defenses perform. This helps identify security weaknesses that need to be addressed. The product runs on Amazon's AWS cloud, Microsoft Azure, and Google's GCP platforms.[30][31]

References

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  1. ^ Ben-David, Ricky. "Israeli cybersecurity firms raised record $8.8b in 2021, exports reached $11b". www.timesofisrael.com. Retrieved 2025-06-13.
  2. ^ "Germany's Schwarz Group buys Israeli co XM Cyber for $700m". Globes. 2021-11-22. Retrieved 2025-06-13.
  3. ^ "אקזיט ליוצאי המוסד: XM Cyber נמכרת ב-700 מיליון דולר | כלכליסט". calcalist (in Hebrew). 2021-11-22. Retrieved 2025-06-13.
  4. ^ Schumann, Rolf (2023-02-06). "Der Weg der Schwarz Gruppe ins Cybersecurity-Geschäft". Handelsblatt Live (in German). Retrieved 2025-06-13.
  5. ^ CTech (2021-11-22). "Cybersecurity startup XM Cyber acquired for $700 million by Schwarz Group". CTECH - www.calcalistech.com. Retrieved 2025-06-13.
  6. ^ "Protected from a Single Source: Digitalization with a Solid Security Concept". gruppe.schwarz. September 19, 2024. Retrieved 2025-06-13.
  7. ^ Brewster, Thomas. "How Iran's Russia-Inspired Hackers Could Retaliate To Trump's Nuclear Deal Retreat". Forbes. Retrieved 2025-06-13.
  8. ^ Yacobi-Handelsman, Hili (2021-11-23). "Cyber company founded by ex-Mossad chief sells for $700M". israelhayom.com. Retrieved 2025-06-13.
  9. ^ "Cybersecurity startup XM Cyber acquired for $700 million by Schwarz Group". CTECH. 2021-11-22. Retrieved 2025-06-13.
  10. ^ Wiggers, Kyle (2018-11-13). "XM Cyber raises $22 million to automate cybersecurity". VentureBeat. Retrieved 2025-06-13.
  11. ^ David, Ricky Ben (2018-11-13). "Ex-Mossad Chief's Cybersecurity Startup XM Cyber Raises $22M". NoCamels. Retrieved 2025-06-13.
  12. ^ Shahaf, Tal (2018-11-13). "Former Mossad chief's XM Cyber raises $22m". Globes. Retrieved 2025-06-13.
  13. ^ כהן, רלי (2018-11-13). "XM Cyber שהוקמה על ידי ראש המוסד לשעבר תמיר פרדו גייסה 22 מיליון דולר -". pc.co.il (in Hebrew). Retrieved 2025-06-13.
  14. ^ "Breach and attack simulator XM Cyber secures $17m in its Series B round". FinTech Global. 2020-07-10. Retrieved 2025-06-13.
  15. ^ Fu, Edison (2020-07-10). "XM Cyber executes $17m series B -". globalventuring.com. Retrieved 2025-06-13.
  16. ^ Novinson, Michael. "Schwarz Group Acquires Security Startup XM Cyber For $700M". CRN. Archived from the original on 2025-01-16. Retrieved 2025-06-13.
  17. ^ Schumann, Rolf (2023-02-06). "Der Weg der Schwarz Gruppe ins Cybersecurity-Geschäft". Handelsblatt Live (in German). Retrieved 2025-06-13.
  18. ^ "אקזיט ליוצאי המוסד: XM Cyber נמכרת ב-700 מיליון דולר | כלכליסט". calcalist (in Hebrew). 2021-11-22. Retrieved 2025-06-13.
  19. ^ "XM Cyber acquiring Israeli startup Cyber Observer for an estimated $30 million". ctech. 2022-06-27. Retrieved 2025-06-13.
  20. ^ Dor, Ofir (2022-06-27). "XM Cyber buys Israeli co Cyber Observer". Globes. Retrieved 2025-06-13.
  21. ^ "XM Cyber Acquires Cyber Observer". Corporate Compliance Insights. 2022-06-30. Retrieved 2025-06-13.
  22. ^ Riley, Duncan (2023-03-22). "XM Cyber acquires Confluera to enhance its cloud-native protection services". SiliconANGLE. Retrieved 2025-06-13.
  23. ^ Care, Jonathan (May 12, 2023). "An Analyst View of XM Cyber's Acquisition of Confluera". www.darkreading.com. Retrieved 2025-06-13.
  24. ^ "XM Cyber unveils AI chat interface". Security Info Watch. 2024-02-27. Retrieved 2025-06-13.
  25. ^ Kitson, Niall (2024-09-24). "Integrity360 launches CTEM-as-a-service based on XM Cyber platform". TechCentral.ie. Retrieved 2025-06-13.
  26. ^ Macsim, Miruna (2024-11-27). "The Companies of Schwarz Group: How one of the world's largest retailers addresses cybersecurity challenges". Business Review (in Romanian). Retrieved 2025-06-13.
  27. ^ "New XM Cyber Research: 80% of Exposures from Misconfigurations, Less Than 1% from CVEs". The Hacker News. May 17, 2024. Retrieved 2025-06-13.
  28. ^ "XM Cyber launches SAP Exposure Management to defend business critical applications". Security Info Watch. 2024-06-13. Retrieved 2025-06-13.
  29. ^ "Telecompaper". www.telecompaper.com. Retrieved 2025-06-13.
  30. ^ "Top 10 Best Cyber Attack Simulation Tools - 2025". Cyber Security News. 2025-03-14. Retrieved 2025-06-13.
  31. ^ Hacohen, Hagay (2020-07-09). "XM Cyber secures $17m. to develop cyber defense for cloud-based resources". The Jerusalem Post | JPost.com. Retrieved 2025-06-13.
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