Cipher
Cipher is the cybersecurity division of Prosegur Group, providing AI-driven extended managed detection and response (xMDR), GRC, and managed security services to enterprise and regulated customers across North America, Europe, and Latin America.
- Company typePrivate
- Founded2000
- HeadquartersMiami, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Cipher does
Cipher, the cybersecurity division of Spain-based Prosegur Group, delivers AI-driven managed detection and response alongside complementary governance, risk, and compliance services to enterprise and regulated customers. Its flagship xMDR platform unifies telemetry across IT, OT, Cloud, and on-premises environments through an API-first architecture that sits on top of customers' existing security stacks, augmented by generative AI across more than ten use cases including adversary profiling, detection-rule development, and kill-chain prediction. Six 24/7 Security Operations Centers support the platform, with documented performance metrics including 99.99% service availability, sub-one-minute alert response, and 20-day full-deployment timelines. Service adjacencies include MSS (Managed Security Services), Protect (OT/IoT and cloud posture), RTS (Red Team Services), and GRC — with the GRC practice anchored by 20+ years of PCI-DSS expertise and over 1,200 certifications performed.
Cipher operates primarily on annual subscription managed-services contracts combined with professional-services engagements for compliance, assessments, and red team work, priced via quote-based custom models. Go-to-market combines direct enterprise sales (with dedicated Customer Success Managers per account) and a growing indirect channel through MSSP and technology partners including Securonix (September 2025) and ECIJA (April 2025), plus integrations with CrowdStrike Falcon. Customer concentration spans financial services, healthcare, private security, and consulting verticals across North America, Europe, and Latin America, served through US headquarters in Miami and European headquarters in Madrid. The company is privately held as a wholly-owned division of Prosegur Group, with operations scaffolded by certifications including ISO 27001, ISO 20000, SOC I, SOC II Type 2, and PCI QSA/QPA/ASV accreditations.
Cipher firmographics
Firmographics- Name
- Cipher
- Legal name
- Cipher Security LLC
- Website
- https://cipher.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Cipher is the cybersecurity division of Prosegur Group, providing AI-driven extended managed detection and response (xMDR), GRC, and managed security services to enterprise and regulated customers across North America, Europe, and Latin America.
- Ownership category
- akta.pro rank
Cipher industry classification
Industry- Product category
- Managed Detection and Response Cybersecurity
- NAICS
- Security Systems Services (except Locksmiths) (561621), Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Security Operations Center (SOC) as a Service (BPAEADAB)
- akta.pro secondary industries
- Endpoint Security Managed Services (EDR/XDR) (BPAEADAH), Vulnerability Management & Penetration Testing Services (BPAEADAD)
Keywords
Where Cipher is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Cipher business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- xMDR Managed Detection and Response Services: Recurring managed security services providing 24/7 threat detection, response, and monitoring across customer infrastructure. Includes portal access, CSM support, and continuous threat hunting.
- GRC (Governance, Risk and Compliance) Services: Compliance and governance consulting services including assessments, audits, gap analysis, and ongoing compliance management across multiple standards (ISO 27001, PCI DSS, NIST, etc.).
- RTS (Red Team Services): Offensive security services including penetration testing, security auditing, social engineering assessments, and red team missions to evaluate customer environments.
- Protect Services: Cybersecurity posture improvement and integration services for OT/IoT/IoMT environments and cloud security implementations.
- MSS (Managed Security Services): Managed security services including Security Observatory, Cyber Intelligence, Awareness Training, and Continuous Management across diverse technology ecosystems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Custom Pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Cipher product offering
Product offeringCore offering
Cipher delivers AI-driven managed cybersecurity services anchored by its xMDR (Extended Managed Detection and Response) platform, providing 24/7 threat monitoring, detection, and response through a global network of SOCs. The portfolio is complemented by Managed Security Services (MSS), Protect, Red Team Services (RTS), Governance/Risk/Compliance (GRC), PCI-DSS compliance services, and Cipher Intelligence threat intelligence, supporting enterprises across IT, OT, cloud, and on-premises environments.
Product overview
Cipher is the cybersecurity division of Prosegur Group, offering a unified cybersecurity platform centered on xMDR (Extended Managed Detection and Response) complemented by modular security services. The core xMDR platform provides AI-driven threat detection and response across IT, OT, Cloud and On-premises environments, supported by 24/7 SOC operations. The service portfolio includes MSS (Managed Security Services), Protect (cybersecurity defense services), RTS (Red Team Services), and GRC (Governance, Risk and Compliance) including specialized PCI-DSS compliance services. Cipher Intelligence provides threat monitoring and adversary tracking capabilities supporting the entire portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- xMDR: Extended Managed Detection and Response platform providing AI-driven cybersecurity visibility and threat detection across IT, OT, Cloud and On-premises environments.
- x63 Unit
- Cipher Intelligence
Products and services
- xMDR (Extended Managed Detection and Response) AI-driven managed detection and response platform providing 24/7 threat monitoring, automated detection, and response across IT, OT, IoT, cloud, and on-premises environments, delivered as a recurring managed service for enterprise customers.
- MSS (Managed Security Services) Managed Security Services providing outsourced security operations support, monitoring, and device management for enterprise customers needing continuous protection beyond in-house capabilities.
- Protect Protect service providing endpoint and infrastructure protection capabilities as part of Cipher's managed security portfolio for enterprise environments.
- RTS (Red Team Services) Red Team Services delivering adversary simulation, penetration testing, and offensive security engagements that validate enterprise security controls and detection capabilities.
- GRC (Governance, Risk and Compliance) Governance, Risk and Compliance services helping enterprise customers design controls, manage risk, and meet regulatory obligations across cybersecurity frameworks.
- PCI-DSS Compliance Services PCI-DSS compliance services that help merchants, processors, and financial institutions achieve and maintain Payment Card Industry Data Security Standard certification, including readiness assessments and remediation support.
- Cipher Intelligence Threat intelligence service delivering curated threat context, indicators of compromise, and adversary tracking to enterprise customers and Cipher's SOC analysts to enhance detection and response.
Quantifiable outcome
- Up to 50% TCO Reduction
- +10 more outcomes
Companies that use Cipher
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles1 record
Cipher technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature7 records
Cipher partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- SecuronixcoreCipher partnered with Securonix to deliver AI-powered managed security services to channel partners. The collaboration combines Securonix's SIEM platform with Cipher's managed detection and response services, enabling channel partners to quickly deploy managed security services, improve operational efficiency, and enhance customer retention. Partnership announced September 10, 2025.
- ECIJAcoreCipher partners with ECIJA, a law firm specializing in technology and cybersecurity legal services, to provide joint cybersecurity solutions in Governance, Risk and Regulatory Compliance (GRC). Partnership enables both companies to offer comprehensive cybersecurity services combining technical expertise with legal and regulatory compliance capabilities across Spain, Portugal, and Latin America.
Scale indicators21 records
Recent moves4 records
Expansion highlights5 records
Cipher competitors and assessment
Company assessmentDirect peers
- Arctic Wolf: Leading pure-play MDR/MSSP delivering 24/7 managed detection and response across endpoint, network, cloud and identity, using a security operations platform with concierge delivery. Directly comparable to Cipher's xMDR model, target customer (mid-market and enterprise), and recurring managed services revenue model.
- eSentire: Specialized MDR provider operating multiple global SOCs with 24/7 threat hunting, XDR integrations, and managed response across endpoint, network, cloud and log. Closely comparable to Cipher's xMDR operating model, SOC footprint and mid-market/enterprise customer profile.
- Expel: Transparent, tech-forward MDR and SOC-as-a-service provider using an API-driven cloud-native platform with named detection/response SLAs. Comparable to Cipher's API-first xMDR architecture and managed alert/response value proposition.
- ReliaQuest: Enterprise-focused managed detection and response provider operating a Force-multiplying platform that integrates with existing security stacks, with strong XDR/EDR partnerships and SOC delivery. Direct overlap with Cipher's xMDR umbrella-on-top-of-existing-tech approach.
- Kudelski Security: Specialized managed security services and consulting firm offering MDR, SOC, penetration testing and IoT/OT security with global delivery. Comparable in scale, geographic reach and MSSP/CTI consulting blend to Cipher's xMDR + RTS + GRC portfolio.
Broad incumbents
- Secureworks: Global cybersecurity services provider offering managed detection and response (Taegis MDR), consulting, and incident response with broad portfolio spanning Taegis XDR platform and managed services. Comparable in MSSP/SOC operations and enterprise/government customers, though with a broader portfolio.
- Trustwave: Established global MSSP offering MDR, managed security services, database security, and compliance/GRC including PCI DSS QSA services. Comparable to Cipher's MSS + GRC + PCI-DSS assessor portfolio and Fortune 500/government clientele.
- Sophos (Managed Detection and Response): Broad cybersecurity vendor offering Sophos MDR (24/7 managed threat hunting and response delivered with its own endpoint and XDR stack) plus a large MSP/MSSP channel program. Overlaps Cipher's xMDR EDR-centric capability and channel-led delivery model.
- NTT Security (Managed Security Services): Global managed security services arm of NTT offering SOC, MDR and managed defense for large enterprises and governments with multi-region delivery. Comparable to Cipher's 6-SOC global operating model and enterprise/government customer segment.
Emerging players
- CrowdStrike (Falcon Complete): Endpoint-vendor-led MDR offering delivered through Falcon Complete, providing 24/7 managed detection, response and remediation on top of the CrowdStrike Falcon platform. Comparable as a managed SOC offering but delivered by a single-vendor XDR/EDR stack rather than a multi-vendor umbrella like Cipher's xMDR.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Cipher social profiles
Digital presenceCipher compliance and trust
Trust signalCompliance6 records
Cipher financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cipher leadership team
Management profileNumber of profiles
Profiles2 records
Cipher funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cipher M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cipher
What does Cipher do?
Cipher delivers AI-driven managed cybersecurity services anchored by its xMDR (Extended Managed Detection and Response) platform, providing 24/7 threat monitoring, detection, and response through a global network of SOCs. The portfolio is complemented by Managed Security Services (MSS), Protect, Red Team Services (RTS), Governance/Risk/Compliance (GRC), PCI-DSS compliance services, and Cipher Intelligence threat intelligence, supporting enterprises across IT, OT, cloud, and on-premises environments.
Is Cipher a public or private company?
Cipher is a private company. It is classified as corporate owned and is currently operating.
When was Cipher founded?
Cipher was founded in 2000. It employs 251 to 500 people.
Where is Cipher based?
Cipher is headquartered in Miami, United States, in the North America region.
How does Cipher make money?
Five revenue lines are on record. xMDR Managed Detection and Response Services are the primary driver. The others are GRC (Governance, Risk and Compliance) Services, RTS (Red Team Services), protect Services and MSS (Managed Security Services).
Who are Cipher's main competitors?
Direct peers on record are Arctic Wolf, eSentire, Expel, ReliaQuest and Kudelski Security. Broad incumbents are Secureworks, Trustwave, Sophos (Managed Detection and Response) and NTT Security (Managed Security Services). CrowdStrike (Falcon Complete) is listed as an emerging player.
Does Cipher have an API?
No public API is recorded for Cipher.
What industry is Cipher in?
Cipher's product category is Managed Detection and Response Cybersecurity. Its primary akta.pro industry code is BPAEADAB, Security Operations Center (SOC) as a Service, with a secondary code of BPAEADAH, Endpoint Security Managed Services (EDR/XDR). Its NAICS code is 561621 and its SIC code is 7370.