Cylake Secures $245M to Build Private-Cloud Cybersecurity Platform


Cylake Secures $245M to Build Private-Cloud Cybersecurity Platform

📅 - Cylake has raised $245 million through a convertible note to accelerate development of a cybersecurity platform aimed at highly regulated organizations, taking total funding to $290 million before the product has reached beta. The company plans to run entirely on premises or in private clouds, targeting buyers unwilling to surrender operational control to public cloud security models.

That is a large amount of capital for software that customers cannot yet buy. Cylake expects a beta release by the end of 2026 and general availability in 2027, while it is currently working with design partners on the product. Lightspeed Venture Partners, Picture Capital and Redpoint Ventures participated [...][... Check source for end of article ...]
Tags: Cybersecurity

Reads: 4 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/cylake-secures-245m-to-build-private-cloud-cybersecurity-platform
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!