Cipher Technology

What Cipher Technology does

Cipher Technology is the dedicated cybersecurity subsidiary of Prosegur, a publicly listed Spanish multinational security services group. The company sells an AI-driven extended Managed Detection and Response (xMDR) platform supported by a portfolio of service modules: Managed Security Services (MSS), Protect, RTS, GRC, and PCI-DSS compliance. Its stated customer base is enterprise and mid-market organizations that need outsourced 24/7 cybersecurity operations, with use cases spanning fragmented tool consolidation, visibility across IT/OT/Cloud/on-premises environments, vulnerability management, and payment-card compliance.

The xMDR platform is built on generative AI applied to more than 10 use cases — including adversary profiling, detection-rule development, kill-chain prediction, and AI-powered analyst recommendations — and is designed to be deployed as an umbrella layer over customers' existing security stacks rather than as a replacement. The service is delivered through six global Security Operations Centers operating 24/7, with a stated 99.99% service availability guarantee and a 20-day production deployment window. Cipher cites outcomes of up to 5x increase in detection surface, 100% managed alert coverage, and up to 50% TCO reduction.

The business model is predominantly subscription-based, quote-priced annual enterprise contracts, supplemented by professional services revenue from PCI-DSS, GRC, and RTS engagements. Go-to-market is direct enterprise sales with consultation-led conversion ('Talk to an expert', 'Request a call', free assessment offers), supported by content marketing, case studies, and a website localized in English, Spanish, and Portuguese. Featured public customers are limited to Prosegur itself (parent), Affidea (healthcare), and CE Consulting (Spanish consulting), and Cipher operates across EMEA, LATAM, and North America.

Name

Cipher Technology

Legal name

Cipher

Website

https://cipher.com.br

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Cipher Technology is Prosegur's dedicated cybersecurity subsidiary, selling an AI-driven xMDR platform and managed security services (MSS, Protect, RTS, GRC, PCI-DSS) to enterprise and mid-market organizations across EMEA, LATAM, and North America via six global SOCs operating 24/7.

Ownership category

akta.pro rank

Product category

Cybersecurity Services / Managed Detection and Response

NAICS

Computer Systems Design and Related Services (5415), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Managed Detection & Response (MDR) & SOC Services (HDADAGAG)

akta.pro secondary industries

Security Operations Center (SOC) as a Service (BPAEADAB), Endpoint Security Managed Services (EDR/XDR) (BPAEADAH), OT Threat Detection & Monitoring (NDR/IDS for ICS) (HDADAJAF)

Keywords

• Managed detection response
• Cybersecurity services
• Threat intelligence
• Security operations center
• Governance risk compliance

Headquarters

HQ city

Not Specified

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Managed Security Services (MSS): Subscription-based managed security services providing continuous monitoring, threat detection, and response through xMDR platform operated from 6 SOCs 24/7
2. xMDR Services: Extended Managed Detection and Response services including proactive alerting, continuous threat hunting, vulnerability assessment, and AI-powered analyst recommendations
3. Professional Services (PCI-DSS, GRC, RTS): Specialized compliance and security consulting services including PCI-DSS compliance, Governance Risk Compliance, and Security Services - Real Time Response

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Cipher Technology is a cybersecurity provider offering an AI-driven xMDR (Extended Managed Detection and Response) platform that delivers unified visibility and threat protection across IT, OT, Cloud, and On-premises environments. The company operates 6 global Security Operations Centers (SOCs) providing 24/7 managed security services, complemented by specialized offerings in Governance Risk Compliance (GRC), PCI-DSS compliance, penetration testing, and real-time security services. The xMDR platform functions as an umbrella layer on top of existing customer technology stacks, using generative AI to automate threat detection, adversary profiling, rule development, and kill chain prediction.

Product overview

Cipher Technology, part of Prosegur, offers a unified cybersecurity platform centered on the xMDR (extended Detection and Response) platform. The portfolio consists of the core xMDR Platform with its associated xMDR Services module, supplemented by Managed Security Services (MSS), Protect, RTS, and GRC modules. The xMDR platform serves as the central AI-driven umbrella, while the service modules (MSS, Protect, RTS) provide layered security capabilities, and GRC handles compliance and risk management including the specialized PCI-DSS compliance sub-product.

Differentiator

Problem solved

Functional benefit

Brands

• xMDR Platform: AI-driven extended Managed Detection and Response platform providing cybersecurity visibility and threat detection across IT, OT, Cloud and On-premises environments
• MSS
• Protect
• RTS
• GRC

Products and services

• xMDR Platform AI-driven extended detection and response platform providing unified cybersecurity visibility and management across IT, OT, Cloud, and On-premises environments with proactive and reactive threat detection and neutralization capabilities. Targets enterprise security teams needing centralized threat management.
• MSS (Managed Security Services) Managed Security Services providing continuous monitoring, threat detection, and security management for organizations. Delivered from Cipher's 6 global SOCs with 24/7 operations.
• Protect Cybersecurity protection service offering proactive and reactive cybersecurity protection capabilities for enterprise environments.
• RTS (Real-Time Security Services) Specialized security services providing real-time threat response and security operational capabilities for organizations facing active threats.
• GRC (Governance, Risk and Compliance) Governance, Risk, and Compliance services helping organizations manage security governance, regulatory compliance, and risk assessment. Includes the specialized PCI-DSS compliance sub-service.
• PCI-DSS Compliance Services Payment Card Industry Data Security Standard compliance services with over 20 years of experience ensuring companies manage credit card information within a secure and compliant environment. Includes assessment, implementation, and ongoing compliance management.

Quantifiable outcome

• 5x increase in Detection Surface coverage
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

One partnership is on record.

• ProsegurcoreStrategic or Co-development PartnerCipher is a cybersecurity brand owned by Prosegur, a global leader in security services. This is an internal brand relationship within the Prosegur group, where Cipher operates as the dedicated cybersecurity division providing xMDR and managed security services.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Sophos: Endpoint and network security vendor with Sophos MDR service and X-Ops AI-assisted threat detection. Comparable to Cipher on AI-driven managed detection, multi-language global support, and mid-market/enterprise GRC/PCI adjacent services.
• CrowdStrike: Global cybersecurity leader whose Falcon platform combines endpoint protection with CrowdStrike's own MDR/Falcon Complete service. Directly comparable to Cipher on AI-driven XDR/MDR delivery, but operates at vastly greater scale across all geographies where Cipher competes.
• Palo Alto Networks: Cybersecurity platform incumbent whose Cortex XDR and Unit 42 MDR services overlap directly with Cipher's xMDR offering. Comparable AI-driven SOC capabilities but bundled into a much broader portfolio spanning network, cloud, and SASE.
• SentinelOne: AI-native endpoint and XDR vendor that also offers Vigilance MDR and Purple AI for SOC automation. Competes with Cipher on AI-driven detection, autonomous response, and integrated platform economics across enterprise and mid-market segments.

Direct peers

• Secureworks: Global MDR and SOC-as-a-service provider with Taegis XDR platform and managed detection across endpoint, network, and cloud. Directly comparable to Cipher on platform-plus-service model, AI augmentation, and enterprise customer targeting.
• Trustwave: Global MDR and managed security services provider with Fusion platform, 24/7 SOC operations, and deep PCI-DSS compliance practice. Closely comparable to Cipher on combined MDR + GRC/PCI service portfolio and global SOC delivery model.
• Expel: Transparent, tech-forward MDR provider using AI and automation to deliver 24/7 threat detection and response across cloud, endpoint, and identity. Highly comparable to Cipher's xMDR value proposition on integration-first delivery and analyst efficiency claims.
• eSentire: Specialized MDR provider with 24/7 SOC, threat hunting, and XDR capabilities aimed at mid-market and enterprise customers. Closely matches Cipher's managed detection and response service model and similar customer pain points (tool fragmentation, talent gap).
• Arctic Wolf: Leading pure-play MDR provider offering 24/7 SOC coverage with a concierge delivery model that wraps around customers' existing security stacks. Closely comparable to Cipher's umbrella xMDR approach, AI-augmented alert triage, and mid-market/enterprise positioning.
• ReliaQuest: Enterprise-focused MDR provider delivering GreyMatter platform that unifies detection, investigation, and response across existing security tools. Highly comparable to Cipher on the umbrella/integration-first positioning and AI-driven SOC automation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cipher-technology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cipher Technology