<div>
  <ul>
    <li>
      <p>
        Cyolo, a zero-trust network security provider for IT and OT, received an undisclosed amount from IBM Ventures. Cyolo&rsquo;s total funding following this round stands at nearly USD 85 million.
      </p>
    </li>
    <li>
      <p>
        The funds will be used to accelerate its market presence.
      </p>
    </li>
    <li>
      <p>
        In addition to this, both Cyolo and IBM Ventures will collaborate on working towards go-to-market initiatives, which include establishing new partner engagements and panel sessions to accelerate the market adoption of identity-based connectivity for digital firms. IBM will provide its cybersecurity expertise and technical resources to support Cyolo&rsquo;s Zero Trust Secure Access platform.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         The latest investment comes three months after Cyolo raised 
        <a href="https://sp-edge.com/updates/11368">
          USD 60 million
        </a>
         in Series B funding led by National Grid Partners, with participation from IBM Ventures. One of the planned uses of the funding proceeds was to expand its technology alliances.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://cyolo.io/cyolo-receives-investment-from-ibm-ventures-for-zero-trust-secure-access-platform/">
      Company press release
    </a>
  </p>
</div>


All Updates

Cyolo secures an undisclosed sum from IBM Ventures

Cyolo raises USD 60 million in Series B funding

Cyolo raises USD 21 million in Series A funding