Cyolo

Cyolo is a Software as a Service (SaaS) platform that provides zero-trust protection for IT and OT assets to enable onsite and remote users to securely connect to their organization’s applications, servers, desktops, and files on local networks, offline networks, cloud, and IoT environments through user ID, device ID, user and device location, time and action, biometric, and multi-factor authentication. Cyolo has no visibility into customer’s sensitive information as users control all the encryption keys. The company’s Next Generation Zero Trust Network Access (ZTNA 2.0) enables security teams, CISOs, CIOs, IT Managers, SASE providers, and MSSPs to create their own secured distributed cloud into any existing environments such as Okta, Active Directory, and Azure AD without requiring any infrastructure changes.

In March 2024, Cyolo launched a new version of its platform, Cyolo PRO, which offers streamlined privileged remote operations features, including a hybrid, infrastructure-agnostic solution.

Key customers and partnerships

As of February 2024, Cyolo’s customers included Mondelez International, Pib Group, Tata Chemicals, Rapac Energy, and Resident.

Cyolo operates a partner program for service providers, Cyolo Connected, to grant them access to its cybersecurity suite, as well as additional tools and guidance.

In June 2021, Cyolo formed a partnership with Merlin Ventures to deliver cloud-based solutions to US corporates and federal agencies in compliance with an executive order to improve national cybersecurity.

Cyolo and IBM Ventures partnered in October 2022 to work toward go-to-market initiatives, which included establishing new partner engagements and panel sessions to accelerate the market adoption of identity-based connectivity for digital firms. IBM provided its cybersecurity expertise and technical resources to support Cyolo’s Zero-Trust Secure Access platform.

The company partnered with Radiflow in October 2023 to offer a combined solution incorporating the platforms of both vendors.

Funding and financials

As of June 2022, Cyolo had an employee headcount of 75, which included 40 at its R&D center in Ramat Gan, Israel. During the same period, the company reported that its revenue increased by sixfold over the previous years.

In October 2022, the company raised an undisclosed amount from IBM Ventures. The funds were utilized to accelerate its market presence.