Company news
Cylake Closes $245 Million Funding Round Ahead of Beta Release
Published 12 September 2026
WHAT HAPPENED
Cylake raised $245 million through a convertible note from Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. This brings the company's total funding to $290 million since its March 2026 seed round, with a beta release planned for late 2026 and general availability in 2027.
WHO IS INVOLVED
Cylake, founded by Nir Zuk, Wilson Xu, and Ehud Shamir, is backed by Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. The company has grown to over 40 employees and is working with design partners in regulated industries and government.
WHY IT MATTERS
Cylake is building an on-premises cybersecurity platform for highly regulated organizations that cannot use public cloud solutions and require full data sovereignty and control. The platform combines AI capabilities with infrastructure that operates entirely within an organization's own environment, addressing a gap in the market for enterprises that must maintain complete control over their data and security operations.
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- Amount
- $245M
- Round
- Convertible Note
- Investors
- Lightspeed Venture Partners, Picture Capital, Redpoint Ventures
- Type
- Funding round
- Category
- Security Operations
- Source
- globenewswire.com ↗
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