What is Cyolo?
Cyolo is a specialized cloud software developer headquartered in Tel Aviv, Israel, focused on the critical intersection of identity and network security. The company provides a sophisticated Zero Trust Network Access (ZTNA) platform that facilitates secure, granular access to an organization’s internal applications, servers, desktops, and files. By eliminating the need for traditional VPNs, Cyolo enables seamless connectivity for remote and hybrid workforces without compromising the integrity of the corporate perimeter.
The company operates within the high-growth cybersecurity market, where the demand for secure, identity-centric access solutions is surging. Cyolo’s architecture is designed to support complex enterprise environments, ensuring that users can access necessary resources securely regardless of their physical location. This focus on secure connectivity positions Cyolo as a vital partner for enterprises undergoing digital transformation and seeking to mitigate the risks associated with modern, distributed IT infrastructures.
How much funding has Cyolo raised?
Cyolo has raised a total of $81M across 2 funding rounds:
Series A
$21M
Series B
$60M
Series A (2021): $21M with participation from Glilot Capital Partners, Global Founders Capital, Merlin Cyber, Flint Capital, and National Grid Partners
Series B (2022): $60M led by Merlin VC, Flint Capital, National Grid Partners, Glilot Capital Partners, and Differential Ventures
Key Investors in Cyolo
Glilot Capital Partners
Glilot Capital is a top-performing venture capital firm focused on supporting founders in the cybersecurity and AI sectors, providing a comprehensive framework that assists companies from seed stage to market leadership.
Global Founders Capital
Global Founders Capital is a global early-stage investor that empowers gifted entrepreneurs by backing them from pre-seed to IPO, focusing on category-defining ventures.
Flint Capital
Flint Capital Fund specializes in venture capital investments, focusing on providing financial support to innovative startups and growth-stage companies to help them scale their operations.
What's next for Cyolo?
Looking ahead, Cyolo is poised to leverage its recent capital injection to deepen its penetration into the enterprise market. The strategic focus will likely center on enhancing its ZTNA platform capabilities, particularly in areas involving AI-driven threat detection and automated policy management. As the cybersecurity landscape evolves, Cyolo’s ability to maintain a frictionless user experience while enforcing rigorous security protocols will be paramount to its long-term success.
Furthermore, the company is expected to utilize these resources to scale its go-to-market strategy, targeting asset-intensive industries that require robust, scalable security solutions. By continuing to foster partnerships with key venture capital firms and industry stakeholders, Cyolo is well-equipped to navigate the competitive cybersecurity ecosystem and drive sustained innovation in secure network access.
