Talon Cyber Security announced that it has secured $26 million in seed funding from Lightspeed Venture Partners, Team8, serial entrepreneur Zohar Zisapel, and leading cyber angel investors.
The company is developing a cybersecurity technology that protects from the unique threats emerging in today’s era of distributed work.
To protect employees from COVID-19, many enterprises rapidly shifted to make distributed work possible while maintaining business productivity.
Forced to accelerate digital transformation initiatives, these changes led to gaps in visibility and security, ultimately playing into the hands of attackers.
There were fundamental challenges that could not be addressed using traditional security solutions such as zero trust models or VPN.
Talon’s unique technology makes it possible to turn an organization’s security weaknesses into resilience against cyber attacks without compromising an employee’s privacy or productivity.
Talon’s novel approach enables all employees, no matter the device they are using, to access their corporate resources in a secure way.
By enabling workforce productivity and flexibility while safeguarding security, Talon allows organizations to operate and innovate with confidence.
The market for cyber solutions to support distributed work is expected to reach $42 billion by 2026.
“Talon is solving a major problem created by recent changes in the workforce model,” said David Gussarsky, partner at Lightspeed Venture Partners.
“The need for one comprehensive solution to enable workforce flexibility, without compromising security, has created a whole new market and a unique opportunity to become a game-changer in the cybersecurity industry.”
“Accelerated digitization is impacting the way enterprises operate. I hear from hundreds of organizations, across all industries, which are struggling to find the right balance between encouraging ..