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Israeli Cyber Startup Cyolo Raises $21 Million

Cyolo offers a Zero Trust Network Access (ZTNA) solution.

Cyolo co-founders (company pic)

Cyolo is an Israeli startup that developed a Zero Trust Network Access (ZTNA) solution for enterprises and organizations. Their service is a type of cybersecurity. Cyolo has secured $21 million in a Series A funding round led by Glilot Capital Partners, with a strategic investment from National Grid Partners and Merlin Ventures and additional support from existing investors Flint Capital, Global Founders Capital and Differential Ventures.

Zero Trust is a security concept based around the idea that organizations should not automatically trust anything from the outside, or even the inside, of the firm. So Zero Trust means exactly that – don’t trust anything. Hackers are everywhere at all times trying to breach your defenses.

And hackers are not motivated simply by money or political agendas. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.

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And everything is going into the cloud these days. Do you use Google Docs or any of the other Google services? Well, then all of your files are stored in servers located around the world. The same thing is also now true with MS Office which offers customers cloud based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.

Founded in 2020 by CEO Almog Apirion, CTO Dedi Yarkoni, and Chief Architect Eran Shmuely, Cyolo securely connects onsite and remote users, to applications, servers, desktop and files on their local network and in the cloud. Cyolo’s says their unified platform securely connects local and mobile users to the tools and data they need, in the organizational network, cloud or IoT environments, and even offline networks, regardless of where they are or what device they are using.

Cyolo provides users access to all the assets they need including, applications, resources, workstations, servers and files, without granting risky network access to information assets. “Cyolo’s proprietary Zero Effort approach embraces Zero Trust connectivity,” declares the company, “unifies the simplicity and agility of cloud native solutions, on-prem, or as a hybrid, while never storing sensitive information.

“Cyolo is solving a critical problem by giving organizations an agile and easy-to-integrate solution that allows them to have full visibility and control,” said Almog Apirion, CEO and co-founder of Cyolo. “The timing is right to expand into new markets, and this investment enables us to further execute our vision of transforming secure connectivity from network-based to identity-based, in order to provide organizations with a solution for their current and future needs. This round will allow us to accelerate growth and R&D efforts, and help new customers easily navigate the transition to Zero Trust.”

Over the past year, Cyolo has doubled its value quarter-by-quarter and has been rapidly expanding partnerships with global customers and service providers.



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