![]() ![]() By June, private equity firms had closed 13 deals in the United States alone, surpassing the 2020 total of 11, according to PitchBook. The company’s Series A money contributes to the private equity macro financing streak. “We are an extension of each other’s teams and want to ensure we can support each other to be successful.”Ĭyolo also raised some money from National Grid Partners, Merlin Ventures, FlintĬapital, Global Founders Capital and Differential Ventures. “We understand that the relationship with the channel is as important as our relationship with customers,” he said. COVID-19 is to blame, as are popular events, remote work, and the growing value of data within many corporations and governments.įor Apirion, the new round of funding for Cyolo is as essential to channel partners as it is to end users. ![]() Breaches, hacks, ransomware, and other cyberattacks continue to rise. In general, the need for zero-trust security has reached new levels. Both regulatory and directed by the Rapac security team. The new solution had to provide security features that met strict requirements. HoAspiration gave the example of Rapac Energy, a customer who worked with Cyolo to provide access to systems connected to vendors and support teams. And each entity on the platform can locate other identities before approving connections. Any device running a “modern” operating system can identify itself with a passport or verifiable identity. ![]() Cyolo is bringing this secure zero-trust connectivity and identity-based verification to cyberspace and turning entities into users: devices, computers, services.” Zero Trust Platform – Cyolo 21m SerieswiggersventurebeatĬyolo works in existing environments and requires no infrastructure changes, adapting to different locations, networks or platforms, according to Aspiration. The fundamental change is that secure computer connectivity is shifting from network-based to cyberspace-based identities. “The pandemic has accelerated digital transformation in nearly every industry and vertical. “Cyolo was created in 2019 by former commanders of the Israel Navy Cyber Unit to help organizations stay agile, resilient and productive,” co-founder and CEO Almog Apirion told VentureBeat via email. Ensuring organizations are not compromised to share data or secrets. Covering IT and operational technology, Cyolo has no visibility into customer data. Giving them access to organizational resources, applications, data, software, and more. Ĭyolo continuously discovers and authorizes devices, users, and identities on a network. With a unified solution that integrates with your existing technology stack and remains easily deployed in the cloud, on-premises, or in a hybrid model, Cyolo enables the global workforce to securely access applications, files, servers, and desktops from any device in local networks or the clouds. Cyolo’s next-generation Zero Trust Network Access (ZTNA 2.0) solution enables all users, including employees, third parties, and onsite and remote workers, to seamlessly and securely connect to their working environments through modern identity-based authentication. cyolo 21m serieswiggersventurebeat About Cyolo and Role of Cyolo In IT? Cyolo 21m SerieswiggersventurebeatĬyolo supports organizations in the IT and OT spaces to stay secure and productive in an era of unprecedentedly distributed workforces and cyber threats. ![]() It rejects transitive trust and incessantly identifies and authorizes each device, user, and identity before and after granting them access to any organizational resource or application. Organizations today are more susceptible than ever to flaws and vulnerabilities, which can cause lasting financial and reputational damage.Ĭyolo’s solution provides a disruptive new way to connect users to their work environments. Many global governments are taking swift action on cybersecurity by accelerating the acceptance of new security best practices based on Zero Trust connectivity. Cyolo says the funds will remain used to hasten growth and R&D efforts and help new customers navigate the transition to zero-trust networks. That it had raised $21 million in Series A money led by Glilot Capital Partners, with an investment strategy after National Grid Partners and Merlin Cyber and care from existing backers Flint Capital, Global Founders Capital and Difference Ventures.
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