Company Overview
Snapshot
Founded in February 1991, Cyren operated with 51–200 employees and raised a total of $113.53 million across 6 funding rounds from 4 investors. In March 2023, the company delisted from NASDAQ.
Business overview
Cyren provides cloud-based cybersecurity solutions designed to protect businesses and organizations of all sizes. The company's SaaS products offer comprehensive web and email protection, leveraging its Recurrent Pattern Detection technology to analyze billions of internet transactions daily. This technology provides real-time threat detection against malicious files, viruses, URLs, and IP addresses, supporting complex security policies and offering consolidated visibility and control. Cyren serves a diverse client base, including major technology companies like Google, Microsoft, and Check Point, as well as enterprises such as McDonalds, SAP, Benetton, and Volkswagen, operating within the Cyber Security sector.
Strategic signal
In February 2023, Cyren announced it was on the verge of shutting down after laying off its entire workforce, subsequently entering insolvency. This event signals a critical failure in the company's operational and financial viability, indicating a complete cessation of business activities and a significant negative impact on its market position and investor outlook.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant recent operational change for Cyren?
- In February 2023, Cyren laid off its entire workforce and entered insolvency, leading to the cessation of operations in April 2023.
- When did Cyren cease its operations?
- Cyren ceased to operate in April 2023, following its insolvency proceedings.
- Did Cyren receive any government grants?
- In June 2017, Cyren received a grant from the Israel Innovation Authority. Additionally, in June 2015, the company received a grant from the Office of the Chief Scientist.
- What was the outcome of Cyren's listing on NASDAQ?
- Cyren was delisted from NASDAQ in March 2023.
- Which investors participated in Cyren's funding rounds?
- In November 2017, Warburg Pincus invested in Cyren. Earlier, in November 2011, Catalyst participated in a funding round, and in July 1999, Vulcan and Go2Net were investors.