Cyolo, an Israeli-based cybersecurity startup, has raised $21M in a Series A funding round for its zero trust networking technology. The investment round was led by Insight Partners, with participation from other investors such as M12, Team8, and the company’s previous investors.
In this article, we’ll delve into the details of Cyolo’s zero trust networking technology and explore how it differs from traditional network security solutions. We’ll also take a look at how this funding round will help the company scale its operations and continue to develop its innovative technology.
What is Zero Trust Networking Technology?
Zero trust networking is a security model that operates on the principle of “never trust, always verify.” This means that no user or device on a network is trusted by default, and access to resources is only granted after the user or device has been verified.
Traditional network security solutions, on the other hand, rely on perimeter-based security. This means that a firewall is used to create a barrier between the external and internal networks, and access to internal resources is granted to users who are behind the firewall. However, with the rise of cloud computing and remote work, this model has become less effective.
Zero trust networking technology takes a different approach. It uses a variety of security controls, such as multifactor authentication, encryption, and continuous monitoring, to ensure that only authorized users and devices are able to access network resources. This approach provides better security for modern networks that have a large number of remote workers and cloud-based applications.
How Cyolo’s Zero Trust Networking Technology Works
Cyolo’s zero trust networking technology is designed to be easy to use and implement, without requiring any changes to the existing network infrastructure. The technology is built around a “reverse proxy” architecture, which means that all traffic to and from the network is routed through a proxy server that verifies each user’s identity and device before granting access.
The reverse proxy architecture also enables Cyolo’s technology to provide granular access controls, which means that users are only given access to the specific resources they need. This helps to reduce the risk of unauthorized access to sensitive data.
In addition to the reverse proxy architecture, Cyolo’s technology also includes a variety of other security controls, such as multifactor authentication, endpoint protection, and continuous monitoring. This layered approach to security helps to ensure that even if one control is bypassed, there are still other measures in place to protect the network.
Why Cyolo’s Funding Round is Important
Cyolo’s $21M funding round is an important milestone for the company, as it will enable them to scale their operations and continue to develop their zero trust networking technology. The funding will be used to expand the company’s sales and marketing efforts, as well as to invest in research and development.
This funding round is also an indication of the growing demand for zero trust networking technology, as more and more organizations look for ways to secure their networks in the face of increasing cyber threats. With its easy-to-use and effective technology, Cyolo is well-positioned to take advantage of this growing market.
Cyolo’s zero trust networking technology represents a significant advancement in network security, providing a more effective solution for modern networks that have a large number of remote workers and cloud-based applications. With its reverse proxy architecture and layered security controls, Cyolo’s technology provides granular access controls and better protection against cyber threats.
The company’s recent $21M funding round is an important milestone that will enable them to scale their operations and continue to develop their innovative technology. As the demand for zero trust networking technology continues to grow, Cyolo is well-positioned to take advantage of this trend and become a leader in the industry.