About Cyolo
Cyolo is a company based in Tel Aviv (Israel) founded in 2019 by Eran Shmuely, Dedi Yarkoni, and Almog Apirion.. Cyolo has raised $85.2 million across 4 funding rounds from investors including IBM, National Grid Partners and Glilot. Cyolo offers products and services including Cyolo PRO and Industrial Remote Privileged Access. Cyolo operates in a competitive market with competitors including Teleport, Kona, BastionZero, Twingate and LogMeIn, among others.
- Headquarter Tel Aviv, Israel
- Founders Eran Shmuely, Dedi Yarkoni, Almog Apirion
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Cyolo Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85.2 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
IBM
& 6 more
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Employee Count
Employee Count
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Products & Services of Cyolo
Cyolo offers a comprehensive portfolio of products and services, including Cyolo PRO and Industrial Remote Privileged Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure platform for remote access to OT and critical infrastructure systems.
Enables safe third-party and employee access to industrial systems.
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Funding Insights of Cyolo
Cyolo has successfully raised a total of $85.2M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(06 Apr 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Cyolo | Valuation |
investors |
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| Jun, 2022 | Amount | Series B - Cyolo | Valuation | National Grid Partners | |
| Jul, 2021 | Amount | Series A - Cyolo | Valuation | Glilot Capital Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cyolo
Cyolo has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include IBM, National Grid Partners and Glilot. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward technology companies.
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Founded Year | Domain | Location | |
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Limited information is provided about Glilot's activities.
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Founded Year | Domain | Location | |
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Early-stage investments are provided in data-driven B2B tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cyolo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cyolo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cyolo Comparisons
Competitors of Cyolo
Cyolo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Teleport, Kona, BastionZero, Twingate and LogMeIn, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based open-source software is provided for access to computing resources.
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| domain | founded_year | HQ Location |
Employee engagement tools are provided for morale tracking and insights.
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| domain | founded_year | HQ Location |
Secure remote access to infrastructure is enabled via VPN solutions.
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| domain | founded_year | HQ Location |
Cloud-based zero trust remote access solutions are provided for networks.
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| domain | founded_year | HQ Location |
Cloud-based remote access and unified communication solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cyolo
Frequently Asked Questions about Cyolo
When was Cyolo founded?
Cyolo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Cyolo located?
Cyolo is headquartered in Tel Aviv, Israel.
Who is the current CEO of Cyolo?
Almog Apirion is the current CEO of Cyolo. They have also founded this company.
Is Cyolo a funded company?
Cyolo is a funded company, having raised a total of $85.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $21M, raised on Apr 06, 2020.
What does Cyolo do?
Founded in 2019 in Tel Aviv, Israel, Cyolo operates in the IoT sector by offering connectivity management solutions. Secure digital paths are created to link authorized users with approved resources, supporting business continuity. Risk-based access and action control are ensured through visibility and management per application, determined by user ID, device ID, time, and location factors.
What products or services does Cyolo offer?
Cyolo offers Cyolo PRO and Industrial Remote Privileged Access.
Who are Cyolo's investors?
Cyolo has 7 investors. Key investors include IBM, National Grid Partners, Glilot, Differential Ventures, and Merlin Ventures.
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