Cyolo, a creator of the original Zero Trust Network Access 2.0 (ZTNA 2.0) solution for IT and OT, announced the completion of a $60 million Series B funding. This brings Cyolo’s total funding to $85 million, including a Series A round completed in 2021.
The round was led by round led by National Grid Partners, the venture investing and innovation arm of National Grid, and with the full support of existing investors Glilot Capital Partners, Flint Capital, Differential Ventures, and Merlin Ventures.
Cyolo will use the investment to execute its vision of bringing stronger security, greater productivity, and better operational agility to organizations embarking on their digital transformation journeys.
Company: Cyolo LTD.
Round: Series B
Funding Month: June 2022
Lead Investors: National Grid Partners
Additional Investors: Glilot Capital Partners, Flint Capital, Differential Ventures, and Merlin Ventures
Company Website: https://cyolo.io/
Software Category: Zero Trust Network Access Solution (ZTNA 2.0)
About the Company: Cyolo is a Software as a Service (SaaS) platform that provides zero-trust protection for IT and OT assets to enable onsite and remote users to securely connect to their organization’s applications, servers, desktops, and files on local networks, offline networks, cloud, and IoT environments through user ID, device ID, user and device location, time and action, biometric, and multi-factor authentication. Cyolo helps organizations in the IT and OT spaces to stay both secure and productive in an era of distributed workforces and unprecedented cyber threats. Cyolo’s next-generation zero-trust network access solution (ZTNA 2.0) enables all users, including employees, third parties, and remote and on-site workers, to seamlessly and securely connect to their working environments via modern identity-based authentication. Cyolo’s mission is to create one unified platform that enables users to access all the organization’s applications, servers, desktops, and files, securely and with ease.
Source: https://cyolo.io/blog/cyolo-60-million-series-b-financing/ https://cyolo.io/cyolo-raises-60-million-series-b-financing/