Israeli startup Talon Cyber Security, founded just this year, announced on Sunday that it secured $26 million in seed funding from Lightspeed Venture Partners, Team8, serial entrepreneur Zohar Zisapel, and leading cybersecurity angel investors.
Talon is developing cybersecurity solutions for a distributed workforce and the new category of threats posed by workforce flexibility. Seed funding rounds are typically finalized for much lower amounts, attesting to the unique solution Talon is offering and the strong belief in the founding entrepreneurial team, former service members in the IDF’s military tech intelligence unit 8200.
Talon Cyber Security says its technology makes organizations safe by enabling all employees, no matter the device they are using or their location, to access their corporate resources securely, without compromising on privacy or productivity.
“The distributed workforce presents a host of new cybersecurity challenges and exposes both large and small organizations to new types of threats that can’t be solved using existing solutions,” said Talon Cyber Security CEO Ofer Ben-Noon, who was also a co-founder of automotive cybersecurity company Argus, which was acquired by Continental in 2017 for an estimated $430 million.
The unique challenge of a distributed and remote workforce led him and his Talon co-founder Ohad Bobrov “to embark on this exciting journey” and enter the market “to provide organizations with maximum flexibility, productivity and visibility while protecting them against cyber attacks that are becoming more and more sophisticated.”
Bobrov was the founder and CTO of Lacoon Mobile Security, a provider of security solutions for mobile phones, which was sold to Check Point in 2015 at an estimated $100 million.
“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.”
Nadav Zafrir, co-founder and managing partner at Team8 said: “accelerated digitization is impacting the way enterprises operate. I hear from hundreds of organizations, across all industries, who are struggling to find the right balance between encouraging productivity and creativity among a distributed workforce while maintaining cyber defenses.”
“I am confident that Talon’s leadership team will deliver a ground-breaking solution for today’s unique cyber risk challenges,” he added.