What is Cyolo?
Cyolo operates in the cybersecurity and cloud software industry, developing a Zero Trust Network Access (ZTNA) solution. This technology enables users to securely connect to their organization's applications, servers, desktops, and files, regardless of their location. By abstracting applications from the network and providing secure, identity-aware access, Cyolo addresses the evolving security challenges faced by modern enterprises in a distributed work environment. The company's focus on secure access solutions positions it as a key provider in the rapidly expanding cybersecurity market.
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 National Grid Partners, Glilot Capital Partners, Global Founders Capital, Flint Capital, and Merlin Cyber
Series B (2022): $60M led by National Grid Partners, Differential Ventures, Flint Capital, Merlin VC, and Glilot Capital Partners
Key Investors in Cyolo
National Grid Partners
National Grid Partners invests in technologies that address current challenges and shape future energy systems. They act as a bridge between entrepreneurs and utilities, fostering collaboration for innovative energy solutions. Their portfolio includes a range of companies focused on AI, cybersecurity, and energy management, targeting utilities and other asset-intensive industries.
Differential Ventures
Differential Ventures is an AI-focused venture capital fund that invests in data-centric B2B tech companies, led by data scientists and entrepreneurs. They primarily target early-stage investments, with check sizes ranging from $250,000 to $3,000,000, and focus on themes such as AI-powered business, responsible data management, and advancing the ML technology stack.
Flint Capital
Flint Capital Fund specializes in venture capital investments, focusing on providing financial support to innovative startups and growth-stage companies. The firm aims to identify and nurture promising business ideas across various sectors. Their intended clients include entrepreneurs and businesses seeking funding to scale their operations.
What's next for Cyolo?
With the infusion of $81M in total capital, Cyolo is poised for accelerated expansion and product development. The company's strategic focus on Zero Trust Network Access aligns with the increasing demand for robust security solutions in cloud-centric and hybrid work environments. Future investments are likely to be directed towards enhancing its platform capabilities, expanding its market reach, and strengthening its competitive position against other ZTNA providers. The sustained backing from prominent investors suggests a clear path towards scaling operations and capturing a larger share of the enterprise cybersecurity market.
See full Cyolo company page
