Cyber startup Cyolo raises $21 million Series A for Zero Trust solution
The Israeli startup aims to accelerate the growth of cloud-based zero trust models with a platform-agnostic solution that reduces the risk to an organization's digital assets and data
Meir Orbach | 18:14 28.07.2021
Cybersecurity startup Cyolo announced on Wednesday that it has secured a $21 million Series A funding round led by Glilot Capital. The round also included a strategic investment from National Grid Partners and Merlin Cyber and additional support from existing investors Flint Capital, Global Founders Capital and Differential Ventures. Cyolo was founded in 2020 by CEO Almog Apirion, CTO Dedi Yarkoni, and Chief Architect Eran Shmuely. The company employs 27 people and had previously raised $4 million. As the business landscape continues to shift and major cyber incidents become more frequent, global governments are taking swift action on cybersecurity by accelerating the adoption of new security best practices built around Zero Trust Architecture. Cyolo aims to accelerate the growth of cloud-based zero trust models with a platform-agnostic solution that reduces the risk to an organization's digital assets and data. Cyolo’s technology ensures security for the new work dynamic where users are located everywhere, and resources are scattered across networks and platforms.