Browser-based cybersecurity platform Talon Cyber Security has extended its funding to $43m.
The investment was backed by Sorenson Ventures, Evolution Equity Partners, Lightspeed and Team8. Several angel investors also contributed to the round, including CrowdStrike CEO George Kurtz, Armis co-founders Yevgeny Dibrov and Nadir Izrael and Fireblocks co-founder & CEO Michael Shaulov.
With the capital injection, Talon plans to accelerate its commercialisation process and expand the development efforts to support high market demand. In under a year, the company has added 45 people to its team.
Talon claims to be mitigating two of the biggest cybersecurity issues for distributed workforces, ransomware and insider threats. It combines advanced data isolation techniques, such as screenshot prevention and clipboard restrictions, with workplace security, including policy enforcements and protection against browser vulnerabilities.
In October 2021, Talon released the first secure browser for enterprises, TalonWork. This tool allows enterprises to effectively manage hybrid workforces without compromising security, employee experience or privacy.
Evolution founder and managing partner Richard Seewald said, “Enterprises have shifted rapidly to distributed work models and, in the process, have complicated the security stack and altered the cost benefit analysis of legacy solutions. Talon delivers a solution that ameliorates this and enables enterprises to operate a hybrid workforce securely and effectively.”
The CyberTech company preciously raised $26m in seed funding back in April 2021.
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