Lightspeed Venture Partners, Team8, serial entrepreneur Zohar Zisapel, and leading cyber angel investors have invested $26 million in Talon Cyber Security. The organisation is working on a first-of-its-kind cyber security technology to defend against the new threats that have emerged in the age of distributed work.
Many businesses quickly moved to make remote work possible while retaining business productivity to protect workers from COVID-19. As a result of being forced to drive digital transformation efforts, these improvements resulted in gaps in visibility and security, putting attackers in a better position.
Talon’s proprietary technology transforms an organization’s security flaws into cyber-attack resistance without jeopardising an employee’s privacy or productivity. Talon’s innovative solution allows all workers to securely access corporate resources regardless of the system they are using. Talon enables companies to operate and innovate with confidence by allowing employee efficiency and versatility while ensuring security. By 2026, the demand for cyber solutions to sustain distributed work will have grown to $42 billion.
Commenting on the development, David Gussarsky, Partner at Lightspeed Venture Partners, said “Talon is solving a major problem created by recent changes in the workforce model,” He added “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 cyber security industry.”