Cybercatch Holdings Inc V.CYBE

Alternate Symbol(s): CYBHF

CyberCatch Holdings, Inc. is a cybersecurity company that provides an artificial intelligence (AI)-enabled software-as-a-service (SaaS) solution that enables continuous compliance and cyber risk mitigation to organizations in critical segments. The Company specializes in serving small and medium-sized businesses (SMBs) and small and medium enterprises (SMEs) in the United States and Canada. Its cloud-native platform solution first helps an SMB/SME implement a baseline of cybersecurity controls in accordance with a regulation, standard or framework, then automatically and continuously tests the controls to identify control deficiencies and non-compliance with cybersecurity requirements. Its platform solution comprises various modules, such as CyberBenchmark, CyberVirtualCISO, CyberThreatTV, CyberXRay, CyberPhisher and CyberCheck24/7. CyberBenchmark provides a workflow engine, an AI-enabled cybersecurity advisor and dashboard to show the organization's progress in real-time.

TSXV:CYBE - Post by User

Cybercatch Holdings Inc

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Post by MarketMakersson Aug 08, 2023 5:47pm

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Post# 35578435

Record number of customers signed during July 2023

AI-enabled cybersecurity provider CyberCatch (CYBE.v) signed up a record number of customers from a variety of critical industry segments in North America during July 2023!

Totalling approximately CAD$400,000 in sales bookings, the customers spanned the US and Canada and signed up for CYBE's industry-leading SaaS AI-enabled continuous cybersecurity compliance and cyber risk mitigation solution as well as other advanced cybersecurity services.

Additionally, CYBE generated over CAD$4 million in new sales pipeline from demand generation marketing activities, adding to the current CAD$10 million sales pipeline.

Through advanced AI algorithms, CYBE's cutting-edge cybersecurity platform empowers businesses with proactive defensive measures and the seamless implementation of mandated controls to ensure continuous compliance alongside the effective mitigation of cyber risks.

CYBE founder & CEO Sai Huda commented:

"We are expecting continued sales bookings growth each month in the new fiscal year as we continue to execute and stay focused on accelerated sales growth, especially as we complement our direct sales efforts with key large sales distribution partners we have signed up and are activating and will sign up additional ones in the coming months"

"We have a unique value proposition that enables our customers to take their cyber risk management to the next level with our AI-enabled comprehensive solution and advanced cybersecurity services to mitigate cyber risk continuously and keep our customers not only in compliance, but also one step ahead of rapidly increasing cyber threats,"

Setting itself from competitors, CYBE's platform prevents cyberattacks before they even begin thanks to its integration of AI. Moreover, businesses adopting CYBE's solution can achieve full compliance in an exceptional timeframe of two weeks or less, a significant improvement compared to the industry standard of approximately three months.

Latest News Release: https://www.newswire.ca/news-releases/cybercatch-signs-up-record-number-of-customers-in-month-of-july-2023-from-critical-industry-segments-for-its-ai-enabled-cybersecurity-compliance-solution-and-advanced-cyber-risk-mitigation-services-880910496.html

Posted on behalf of CyberCatch Holdings Inc.

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