Cyolo, a Tel-Aviv-based unified network and security platform, has received new investment from IBM Ventures to collaborate and help modernise authentication for digital businesses.
Besides funding, IBM will provide cybersecurity expertise and technical resources in support of Cyolo’s Zero Trust Secure Access platform.
The new investment will help Cyolo to scale its market presence further. To date, the Israeli company has raised $60M in funding.
“As we see the demand for identity-based access solutions continue to grow, we’re excited to partner with such an industry leader like IBM to accelerate our growth and providing even greater cyber resilience to our already extensive market reach,” says Cyolo CEO and co-founder Almog Apirion. “We look forward to working with IBM as we enable more companies to have ease of mind knowing that their digital assets have security protections in place from edge to core.
In today’s digital environment, organisations must evolve their access and connectivity security to protect their distributed work environments.
With 84% of organizations having experienced identity-based cyber-attacks, granting employees universal access to an entire network is no longer safe.
Instead, access and connectivity should be granted individually and mapped to specific assets and data. Here’s where Cyolo comes into play.
Zero-trust network access solution
Cyolo helps organisations in the IT and OT spaces stay secure and productive. The company’s next-generation zero-trust network access solution enables all users, including employees, third parties, and remote and on-site workers, to securely connect to their working environments via modern identity-based access.
With one unified solution that integrates with the existing tech stack and deploys easily in the cloud, Cyolo enables the global workforce to securely access applications, files, servers, and workloads from any device on local networks or in the cloud.
“For many enterprises, the acceleration of remote workers has created opportunities and challenges. However, the distributed model for people and assets has made connecting and securing them difficult,” says Prof. Yaron Wolfsthal, Head of IBM Cyber Security CoE, Israel.
“With IBM’s investment in Cyolo, we’ll continue our focus to make sure clients can break down silos and quickly provide secure access across the distributed environments,” says Ben Daniels, IBM Ventures Partner.