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Israeli cybersecurity startup Modelyo has raised approximately $17 million in funding, led by US-based OlivTree. The funds will be used to develop its "sovereign confidential cloud" platform and expand its international business. The platform combines confidential computing, hardware encryption, continuous verification and zero-trust architecture, enabling enterprises to retain control of their data and encryption keys while running AI and managed services on third-party clouds, and to cryptographically prove that data is protected. The company was founded in 2024, currently has 30 employees, and its technology is backed by more than 20 patents and applications. Its target customers include governments, defense, banking, healthcare and critical infrastructure operators. There is currently no public information on further funding progress.
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Oct 22
CTech
Modelyo raises $17 million to let enterprises use AI without exposing confidential data
Israeli cybersecurity startup Modelyo has completed a funding round of approximately $17 million, led by US-based OlivTree, with the funds to be used for R&D on its "sovereign confidential cloud" platform and for international expansion. The platform combines confidential computing, hardware encryption, continuous verification and zero-trust architecture, enabling enterprises to retain control of their data and encryption keys while running AI and managed services on third-party clouds, and to cryptographically prove that data is protected. Founded in 2024, the company currently has 30 employees, and its technology is backed by more than 20 patents and applications. Target customers include government, defense, banking, healthcare and critical infrastructure operators.