Cybersecurity solutions startup Talon Cyber Security Ltd. today announced that it has raised $43 million in new funding, including $17 million in so-called simple agreement for future equity investments.
Investors include Sorenson Ventures, Evolution Equity Partners, Lightspeed, Team8 and several individuals. Including the new funding, Talon has raised $43 million to date. SAFE agreements, created in 2013 by the startup incubator Y Combinator, create potential future equity in a company for the investor in exchange for immediate cash to the company.
Pitched as a next-generation solution designed to protect against a new category of threats posed by distributed work, Talon’s service provides security leaders unparalleled control and visibility into all employee work-related activities across locations, devices and software-as-a-service services.
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