# Cyolo Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyolo-security

- Industry: Software
- Headquarters: Ramat Gan, Israel
- Website: www.cyolo.io
- Total disclosed funding: $85M
- Latest round: Series B (Jun 28, 2022)
- Investors on record: 7

## About

Cyolo Security Ltd. provides advanced remote access solutions tailored for Operational Technology (OT) and cyber-physical systems, enhancing productivity through secure, streamlined connectivity.Founded in 2019 by Almog Apirion, Dedi Yarkoni, and Eran Shmuely, Cyolo Security Ltd. is headquartered in Ramat Gan, Israel. The company specializes in secure remote access for both modern and legacy infrastructures. On June 28, 2022, Cyolo raised USD 60 mn in Series B funding led by National Grid Partners, with participation from other investors including Differential Ventures, Flint Capital, and Glilot Capital Partners. This funding round brought the total amount raised by the company to USD 60 mn.Cyolo specializes in providing advanced remote access solutions for Operational Technology (OT) and cyber-physical systems, with its flagship product, Cyolo PRO (Privileged Remote Operations). This product is designed to streamline remote connectivity without the need for traditional VPNs or jump boxes, enhancing productivity while maintaining operational continuity. It features session recording, access approval workflows, and compliance with industry regulations, serving clients in manufacturing and critical infrastructure across North America, Europe, and Asia, including notable companies like Tata Chemicals.Cyolo generates revenue primarily through subscription services for its remote access platform, Cyolo PRO. Clients engage through a B2B model involving long-term contracts that provide access to the software and its features, emphasizing predictable income streams through ongoing subscriptions. Specific pricing plans are not disclosed, but the offerings cater to both mid-sized enterprises and large organizations, ensuring scalability and adaptability to various business needs, positioning the company favorably in the cybersecurity market.The recent funding of USD 60 mn will support Cyolo's go-to-market strategy, focusing on enhancing security, productivity, and operational agility for organizations. The company plans to develop new products, although specific details on their launch dates are not provided. Furthermore, Cyolo aims to expand its presence into new markets, specifically targeting growth in both North America and Europe, with implementation strategies expected to roll out in the next 12 to 24 months.

## Funding rounds

- Series B, Jun 28, 2022, $60M — Glilot Capital Partners, Flint Capital, Differential Ventures, National Grid Partners, Merlin Ventures
- Series A, Jul 28, 2021, $21M — Excalibur Fund Managers, Glilot Capital Partners, Global Founders Capital, Flint Capital, Differential Ventures, National Grid Partners
- Seed, Apr 6, 2020, $4.2M — Global Founders Capital, Flint Capital, Differential Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Flint Capital (https://capitalatlas.ai/funds/flint-capital) — Seed, Series A, Series B
- Differential Ventures (https://capitalatlas.ai/funds/differential-ventures) — Seed, Series A, Series B
- Excalibur Fund Managers (https://capitalatlas.ai/funds/excalibur-fund-managers) — Series A
- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Series A, Series B
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series A, Series B
- Merlin Ventures (https://capitalatlas.ai/funds/merlin-ventures) — Series B