Talon Cyber Security, a cybersecurity solutions developer for the remote workforce, has scored $26m in its seed funding round.
Lightspeed Venture Partners, Team8, serial entrepreneur Zohar Zisapel and a number of other unnamed angel investors contributed to the round.
Capital from the round will be used to deepen its technology and grow its development team.
The RegTech company claims to be building the first-of-its-kind cybersecurity technology that stops online threats for remote workers.
Its platform enables all employees, despite where they are, to securely log into resources.
Distributed working has been crucial for many businesses during the Covid-19 pandemic. One of the toughest parts has been maintaining security while staff are away from the office.
As companies increase their cybersecurity capabilities to handle the new way of working, Talon Cyber Security claims the cybersecurity solutions market for remote working will reach $42bn by 2026.
Team8 co-founder and managing partner Nadav Zafrir said, “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 productivity and creativity among a distributed workforce while maintaining cyber defences.
“I am confident that Talon’s leadership team will deliver a ground-breaking solution for today’s unique cyber risk challenges.”
Talon Cyber Security was founded by CEO Ben-Noon and CTO Ohad Bobrov.
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