Cynet reaches $105 million in total funding following Series D round

Cynet, a provider of autonomous XDR security solutions, has reached a total of $105 million in funding since its inception.

The company recently completed a $40 million Series D funding round led by Dragoneer Investment Group. This round included participation from existing investors BlueRed Partners and Shastra Ventures.

Cynet intends to use the capital to accelerate product innovation, expand its sales and marketing efforts, and strengthen its position within the cybersecurity market.