Sayata Emerges From Stealth With $6.5 Million

Tel Aviv-based cyber risk assessment startup Sayata Labs Ltd. has announced on Tuesday its emergence from stealth with $6.5 million in seed. The round was led by Israel-based technology holding company Elron Electronic Industries Ltd.

Founded in 2016, Sayata offers enterprise-grade risk assessment technology to insurers in the cybersecurity industry. Sayata has a partnership with Paris-headquartered insurance company AXA.

The company intends to use the funding to accelerate its global operations.