Talon raises $100 million in funding for its secure enterprise browser
Talon Cyber Security Ltd., the developer of a specialized browser designed to help businesses reduce the risk of data breaches, today announced that it has raised $100 million in funding.
Evolution Equity Partners led the Series A round. He was joined by more than half a dozen other investors, including George Kurt, managing director of publicly traded cybersecurity provider CrowdStrike Holdings Inc. Falcon Fund, a fund investment fund that CrowdStrike manages in partnership with Accel, also participated.
The round included $17 million of SAFE investments that he had announcement earlier this year. A SAFE, or Simple Future Equity Agreement, is a way to raise funds that’s popular among early-stage startups. In such transactions, investors provide funding to a startup and receive shares at a later date if certain conditions are met.
Tel Aviv-based Talon provides a browser, TalonWork, that company employees can use to access the cloud apps they use for their work. TalonWork is based on Chromium, the open source browser engine that powers Google Chrome. What sets it apart from Chrome is a set of cybersecurity features designed to block hacking attempts.
The first set of cybersecurity features in TalonWork focuses on blocking cyberattacks that target browser user installations. According to Talon, TalonWork’s configuration settings are optimized to make it less susceptible to hacking. The startup also added features that block cyberattacks targeting the browser’s rendering engine, the component responsible for processing media content in web pages.
Administrators can manage employee TalonWork installations through a cloud-based dashboard. According to Talon, the dashboard highlights potentially malicious browser extensions that have been downloaded without permission from the IT team. It also facilitates related tasks, such as downloading security updates.
In addition to stopping hacking attempts that target the TalonWork browser itself, Talon offers features to protect the cloud applications users have access to. The startup claims its browser can block hackers from accessing a company’s cloud applications.
TalonWork is able to scan files uploaded to a cloud service for malware. In situations where there is a risk of hackers stealing corporate data, the browser can encrypt files before they are downloaded. TalonWork also helps limit access to key features of a cloud application.
Talon provides its core breach prevention features as well as monitoring tools to detect potential cybersecurity risks. TalonWork enables the administration to detect cloud services that are being used without authorization from the IT team. Additionally, TalonWork provides technical data about network connections that IT teams can view when conducting breach investigations.
According to Talon, a key differentiator of its browser-centric approach to cybersecurity is that it simplifies the user experience. Consolidating breach prevention functionality into a browser reduces the need for employees to use complex, standalone cybersecurity software. Talon also promises to make work easier for IT teams: the startup claims that TalonWork can be deployed across an enterprise in just one hour.
“We’ve built the team and the technology to redefine and power security for the future of work – a future where security is delivered naturally through the most widely used application in business: the browser,” said Ofer. Ben-Noon, co-founder and CEO of Talon. “The world and the applications that the Global 2000 relies on are moving to the web, creating an urgent need for a vehicle that can provide secure access without changing the way work is done.”
Talon launched TalonWork in October 2021 and claims to have since amassed “numerous customer deployments in large organizations.” The startup will use its new $100 million funding round to further grow its installed base by expanding go-to-market activities. Talon also plans to invest in feature development.