Talon Cyber Security raises $43M from Sorenson, Evolution, Lightspeed and Team8
Cybersecurity solutions startup Talon Cyber Security Ltd. today announced that it has raised $43 million in new funding, including $17 million in so-called simple agreement for future equity investments.
Investors include Sorenson Ventures, Evolution Equity Partners, Lightspeed, Team8 and several individuals. Including the new funding, Talon has raised $43 million to date. SAFE agreements, created in 2013 by the startup incubator Y Combinator, create potential future equity in a company for the investor in exchange for immediate cash to the company.
Pitched as a next-generation solution designed to protect against a new category of threats posed by distributed work, Talon’s service provides security leaders unparalleled control and visibility into all employee work-related activities across locations, devices and software-as-a-service services.
Talon’s technology is built with employee experience and privacy in mind to provide a native user experience on top of enterprise-grade security by mitigating ransomware and insider threats. It combines advanced data isolation techniques such as screenshot prevention and clipboard restrictions with workspace security, including policy enforcement and protection against browser vulnerabilities.
The company argues that enterprises are required to protect their resources across different locations, devices, software as a service and employment models such as external workers accessing company assets. Trying to secure and control this environment has led companies to adapt existing security solutions, such as virtual desktop infrastructure, desktop as a service or virtual private network, resulting in a complex and costly security stack.
Talon launched its secure browser for enterprises, TalonWork, in October, enabling enterprise companies to effectively manage a hybrid workforce without compromising security, employee experience or privacy, according to the company. With a few clicks, the workspace can be created on any device, together with its built-in enterprise-grade security that provides advanced data leakage protection and high granularity of control into all web in-app activities.
The new funding is focused on bringing on board top cybersecurity investors that will support Talon’s accelerated commercialization process and further expand the development efforts to support high demand from the market.
“Enterprises have shifted rapidly to distributed work models and, in the process, have complicated the security stack and altered the cost-benefit analysis of legacy solutions,” Richard Seewald, founder and managing partner at Evolution, said in a statement. “Talon delivers a solution that ameliorates this and enables enterprises to operate a hybrid workforce securely and effectively.”
Image: Talon Cyber Security
A message from John Furrier, co-founder of SiliconANGLE:
Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.
We really want to hear from you, and we’re looking forward to seeing you at the event and in theCUBE Club.