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Talon Cyber Security Clutches $100M Series A

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Israel-based enterprise browser developer Talon Cyber Security locked up a huge $100 million Series A as funding to Israel-based cyber startups remains robust.

The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike Falcon Fund, Merlin Ventures, SYN Ventures and previous investors CrowdStrike co-founder and CEO George Kurtz, Lightspeed Venture Partners, Sorenson Ventures and Team8.

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The raise is tied for the second largest Series A this year in cyber. Palo Alto, California-based data security firm Veza raised a $110 million Series A in April, while Dallas-based Island—also an enterprise browser provider—announced a $100 million Series A in February.

New world, new needs

Enterprise browser security has become an issue with more people working from home and companies needing to keep access to business applications safe. New enterprise browser tech helps allow secure access to corporate applications and data on different devices and operating systems.

“The world and the applications the largest organizations rely on are moving to the web, creating an extensive need for a vehicle that can provide secure access without changing the way work is conducted,” said Talon co-founder and CEO Ofer Ben-Noon.

Even as cybersecurity funding has cooled slightly globally, Israel-based startups are still seeing significant interest, according to Crunchbase data.

Last year was a record one in cyber funding to Israel-based startups, with 76 deals being announced and nearly $1.9 billion raised. Already this year, 40 deals have been announced totalling more than $1.2 billion in venture funding.

Talon’s raise is tied for the third biggest raise by a cyber startup in Israel this year and the biggest Series A for such a startup also this year.

Illustration: Dom Guzman

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