Cyolo co-founders (company pic)
Cyolo, an Israeli cyber security startup that develops Zero Trust Network Access 2.0 (ZTNA 2.0) solutions for IT and OT, received a new investment from IBM Ventures. Together IBM Ventures and Cyolo say they plan to collaborate and help modernize authentication for digital businesses.
The news comes just a few months after Cylo raised $60 million in a Series B round of funding.
In addition to financial investment, IBM will provide cybersecurity expertise and technical resources in support of Cyolo’s Zero Trust Secure Access platform. Additionally, the teams will collaborate on go-to-market initiatives ranging from partner engagements to panel sessions in support of Cyolo’s mission to connect users to the assets they need to do their job simply, safely and efficiently.
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Zero Trust is a security concept based on 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.
Zero Trust Network Access 2.0 is a new system that has surpassed the limitations of legacy ZTNA solute. As opposed to the older systems, this one sane offer secure connections to deliver better security outcomes for organizations of all kinds that have hybrid workforces. For example, 2.0 now offers continuous security inspection, continuous trust verification, it secures all apps and more.
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.
“For many enterprises, the acceleration of remote workers has created both opportunities and challenges. The distributed model for people and assets has made connecting and securing them difficult,” said Prof. Yaron Wolfsthal, Head of IBM Cyber Security CoE, Israel. “With IBM’s investment in Cyolo, we’ll continue our focus to make sure clients can break down silos and quickly provide secure access across the distributed environments,” said Ben Daniels, IBM Ventures Partner.
“As we see the demand for identity-based access solutions continue to grow, we’re excited to partner with such an industry leader like IBM to accelerate our growth and providing even greater cyber resilience to our already extensive market reach,” said Cyolo CEO and co-founder Almog Apirion. “We look forward to working with IBM as we enable more companies to have ease of mind knowing that their digital assets have security protections in place from edge to core.
