Cyber risk management firm Cyrisma on Wednesday announced raising $7 million in Series A funding, which brings the total raised by the company close to $9 million.

The new funding round was led by Blueprint Equity, with additional support from Golden Ventures and SaaS Venture.

The startup, founded in 2018 in Rochester, New York, provides an all-in-one risk management platform for managed service providers (MSPs), offering vulnerability identification and remediation, compliance tracking, and AI security risk management.

According to Cyrisma, its solution helps MSPs identify sensitive data, connected assets, configuration errors, and security defects, while offering visibility into customers’ entire attack surface.

It can be used to generate reports on organizational cyber risks, for a better understanding of network and endpoint vulnerabilities.

Additionally, the platform supports comprehensive mitigation plans, can be used to assign tasks and monitor progress, and supports periodic assessments, compliance tracking, and score cards.

Cyrisma will use the new funding to accelerate product development, expand sales and marketing efforts, and invest in customer support.

“This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness,” Cyrisma co-founder and CPO Liam Downward said.

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