Capitalizing on Unprecedented Market Need and Traction, Investment to Accelerate Adoption of Secure Enterprise Browser
TEL AVIV, Israel—August 4, 2022 – Talon Cyber Security, the leading secure enterprise browser provider, today announced $100 million in Series A funding, led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike’s Falcon Fund, Merlin Ventures, SYN Ventures and previous investors CrowdStrike co-founder and CEO George Kurtz, Lightspeed Venture Partners, Sorenson Ventures and Team8. The funds will be used to accelerate go-to-market efforts to meet the increasing global demand for Talon’s secure enterprise browser, TalonWork, and deliver new product enhancements to continuously improve security for modern workforces.
As organizations have embraced distributed work for employees and contractors, the reliance on SaaS applications has risen, and security needs have evolved drastically. The traditional ways of enabling secure access to enterprise applications are complex, expensive, and put organizations at risk. The TalonWork browser simplifies security by allowing secure access to corporate applications and data on any device, managed or unmanaged, and on any operating system. With Talon, security teams benefit from deep visibility into browser and application activity, as well as native security features like authentication, data loss prevention and Zero Trust controls. Based on Chromium, TalonWork delivers the consistent and familiar user experiences expected by today’s workers, fostering productivity across the enterprise.
“We have built the team and technology to redefine and power security for the future of work – a future where security is delivered naturally through the enterprise’s most heavily-used application: the browser,” said Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security. “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. This new funding will allow us to continue to show why that vehicle is Talon’s secure enterprise browser.”
Co-founded by Ben-Noon and CTO Ohad Bobrov, Talon was named the winner of the Innovation Sandbox Contest at RSA Conference 2022, and has demonstrated unrivaled market and technical leadership since launching the industry’s first secure enterprise browser in October 2021. The company’s recent momentum includes numerous customer deployments at large organizations, the release of the industry’s first secure enterprise browser for mobile devices, and established partnerships with the two leaders in endpoint security: CrowdStrike and Microsoft.
The round includes the conversion of $17 million in SAFE (Simple Agreement for Future Equity) investments announced earlier this year into A round shares, bringing Talon’s total amount raised to over $126 million.
As part of today’s announcement, Richard Seewald, Founder and Managing Partner of Evolution Equity Partners, is joining Talon’s board of directors.
“In cybersecurity, the word innovative gets thrown around often, but with Talon, it is a perfect descriptor,” said Richard Seewald, Founder and Managing Partner, Evolution Equity Partners. “I have never seen a company create and lead a category with such authority, and experience such impressive traction with customers so quickly. Talon has the potential to become one of the leading companies in the broader security industry, and it’s an honor to help them on their journey.”
“Today’s threat environment is complex, but an organization’s approach to security should not be,” said George Kurtz, co-founder and CEO, CrowdStrike. “By delivering enterprise-grade security through the TalonWork browser, Talon makes security simple and effective for its customers.”
“When we launched Ballistic, we made it our mission to find and partner with companies that have the technology and what it takes to change the trajectory of cybersecurity, and Talon fits this bill perfectly,” said Jake Seid, co-founder and General Partner, Ballistic Ventures. “The browser has fundamentally become the most important tool for today’s workforce. Talon’s secure enterprise browser does something few security products do. It offers the trifecta of strong security, seamless end-user experience, and low cost and complexity for the enterprise. Talon’s team and solution are some of the strongest I have ever come across, and this financing will help propel the company to new heights.”
“From my time as a CISO and now as an investment partner for leading security companies, I have evaluated countless technologies,” said Jay Leek, co-founder and Managing Partner, SYN Ventures. “The widespread problem that Talon addresses and the time to value of its technology is beyond impressive – it’s a game changer. I’m thrilled to have the opportunity to work with the company and help accelerate its growth.”