Talon Cyber Security Acquisition, Valuation, Funding & Investors

Talon Cyber Security was acquired by Palo Alto Networks for $630M in November 2023.

Talon Cyber Security acquisition price

$630M

Acquired by Palo Alto Networks · Nov 2023

Cumulative funding Talon Cyber Security raised

$143M

across 3 funding rounds

Key investors in Talon Cyber Security

  • Lightspeed Venture Partners
  • Team8
  • Evolution Equity Partners
  • Ballistic Ventures
  • Sorenson Ventures
  • George Kurtz
  • Entrée Capital
  • SYN Ventures

Talon Cyber Security Overview

About Talon Cyber Security

Talon Cyber Security is a Tel Aviv-headquartered provider of browser-based security for remote workforces on Windows, macOS, and Linux devices. Its secure browser isolates enterprise apps, blocks phishing, and prevents data exfiltration using AI-driven controls. Talon protects unmanaged endpoints for clients in finance and healthcare, integrating with EDR tools like CrowdStrike.


Founded

2021

HQ

IsraelTel Aviv

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$350M (Aug 2022)

Talon Cyber Security Acquisition

Talon Cyber Security was acquired by Palo Alto Networks for $630M on 6 November 2023.

Before the acquisition Talon Cyber Security had raised $143M across 3 funding rounds.

Talon Cyber Security, an Israeli startup co-founded by Ofer Ben-Noon and Ohad Bobrov, develops enterprise browser technology that transforms browsers into secure workspaces, including the Talon Enterprise Browser, Talon Extension, and Talon Mobile app. The platform provides deep visibility and control over SaaS and web activity on managed and unmanaged devices, protecting against phishing, web-based attacks, malicious extensions, and data exfiltration. Talon had raised $143 million from investors including Team8, Entrée Capital, Evolution Equity, Lightspeed, and Cyverse Capital, and was proactively approached by Palo Alto Networks rather than seeking a sale. Palo Alto Networks, the global cybersecurity leader, announced intent to acquire Talon on November 6, 2023, for approximately $625-630 million, completing the deal on December 28, 2023. This marked Palo Alto's second Israeli cybersecurity acquisition that month, following Dig Security for around $400 million, with both integrated into its Prisma SASE platform to extend zero trust security to all users, devices, and applications, including private apps on unmanaged endpoints. Palo Alto plans to offer Talon's Enterprise Browser complimentary to qualified SASE AI customers, enhancing productivity while ensuring consistent security and privacy. The strategic rationale addresses rising security risks from distributed work, BYOD policies, and browser-based threats amid AI-driven attacks, positioning Prisma SASE as the most complete single-vendor solution. Talon empowers security teams with last-mile controls for modern digital environments, aligning with Palo Alto's Israeli ecosystem investments and aggressive M&A to outpace evolving threats in a rebounding cybersecurity market.

Talon Cyber Security acquisition details
AcquirerDateTypePrice
6 Nov 2023Strategic M&A$630M

Talon Cyber Security Valuation

Talon Cyber Security is currently valued at $350M, based on its Series A in August 2022.

The $100M round was led by Evolution Equity Partners, with participation from Microsoft Accelerator, George Kurtz, Team8, CrowdStrike Falcon Fund, Sorenson Ventures and 5 other investors.

Talon Cyber Security valuation by funding round

Talon Cyber Security valuation by funding round
DateStageValuation
Aug 2022Series A$350M

Talon Cyber Security Funding History

Talon Cyber Security has raised a total of $143M across 3 funding rounds.

Talon Cyber Security's first fundraising round was a $26M seed round in April 2021. The most recent completed round was a $100M Series A in August 2022.

Talon Cyber Security funding rounds

Talon Cyber Security funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series AEvolution Equity Partners (lead); Microsoft Accelerator; George Kurtz; Team8; CrowdStrike Falcon Fund; Sorenson Ventures; Lightspeed Venture Partners; Ballistic Ventures; Entrée Capital; Merlin Ventures; SYN Ventures$100M$350MTalon Cyber Security, founded in 2021 by Ofer Ben Noon and Ohad Bobrov, develops an enterprise browser based on Chromium to secure access to corporate applications and data across managed and unmanaged devices. The browser provides protection against phishing, web-based attacks, and malicious extensions, with policy controls via a management console. Talon positioned itself in the growing enterprise browser security market, addressing risks from distributed workforces using SaaS apps and cloud tools. In August 2022, the company raised $100 million in a Series A funding round led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike Falcon Fund, Entrée Capital, George Kurtz, Lightspeed Venture Partners, Merlin Ventures, Microsoft Accelerator Bangalore, Sorenson Ventures, SYN Ventures, and Team8. Prior to the Series A, Talon had raised $43 million in January 2022, including $17 million in future equity commitments. The company grew rapidly, reaching about 130 employees split between Israel and the US by 2023. In November 2023, Palo Alto Networks announced its acquisition of Talon for $625 million, completing the deal in December 2023 to integrate the technology into its Prisma SASE platform, offering it complimentary to qualified customers. This exit followed Talon's integrations, such as with Microsoft Azure OpenAI for secure ChatGPT access. The acquisition underscores investor interest in browser security amid rising threats.
Jan 2022SeedEvolution Equity Partners (lead); Sorenson Ventures (lead); Michael Shaulov; Assaf Rappaport; Avi Shua; George Kurtz; Team8; Lightspeed Venture Partners; Ballistic Ventures; Nadir Izrael; Yevgeny Dibrov$17M-Talon Cyber Security announced a $17 million funding round in January 2022 that converted Simple Agreements for Future Equity (SAFEs) into equity shares. The round included participation from multiple investors, with Evolution Equity Partners and Sorenson Ventures among the backers. This convertible note round represented an important early funding milestone for the Israeli enterprise browser security startup, which had been founded only months prior in 2021. The company would later raise a $100 million Series A in August 2022 at a $350 million post-money valuation, demonstrating significant investor confidence in its secure enterprise browser technology.
Apr 2021SeedZohar Zisapel; Team8; Lightspeed Venture Partners; Ameet Patel$26M-Talon Cyber Security, founded in 2021 by Ofer Ben Noon and Ohad Bobrov, develops an enterprise browser for cybersecurity, focusing on protecting against web-based threats, phishing, and data exfiltration on managed and unmanaged devices. The company emerged from stealth and launched its Talon Enterprise Browser in October 2021. In April 2021, it raised a $26 million seed round, noted as Israel's largest seed at the time, backed by investors including Ameet Patel, Lightspeed Venture Partners, Team8, Zohar Zisapel, John W. Thompson, George Kurtz, and Mark Anderson. The seed funding supported early development amid growing demand for browser security in cloud and SaaS environments. Talon quickly gained traction, winning RSA Conference's Innovation Sandbox in 2022 and listing among Israel's most promising startups. By January 2022, it secured an additional $43 million, including $17 million in future equity commitments. Subsequent growth included a $100 million Series A in August 2022 at a $350M valuation, expanding to mobile OS support like Android and iOS. The company grew its headcount over 90%, reaching about 130 employees split between Israel and the US, with roughly half in engineering. Talon integrated with Microsoft Azure OpenAI for secure ChatGPT access in 2023 before Palo Alto Networks acquired it for approximately $625M (announced November 2023, closed December 2023), folding the technology into Prisma SASE. Total funding reached $143M across rounds from 17 investors, highlighting its role in the enterprise browser security space alongside competitors like Island and Seraphic Security.

Who has invested in Talon Cyber Security?

18 investors have backed Talon Cyber Security across its funding rounds, including Lightspeed Venture Partners, Team8, Evolution Equity Partners, Ballistic Ventures, Sorenson Ventures and George Kurtz.

Lead investors include Evolution Equity Partners and Sorenson Ventures.


Talon Cyber Security Investors

Investors in Talon Cyber Security by funding rounds participated
InvestorHQRoundsRoleFirst check
Team8IsraelTel Aviv3ParticipantApr 2021
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3ParticipantApr 2021
Evolution Equity PartnersUnited StatesNew York City, NY2LeadJan 2022
George KurtzUnited StatesSan Jose, CA2ParticipantJan 2022
Sorenson VenturesUnited StatesSalt Lake City, UT2LeadJan 2022
Ballistic VenturesUnited StatesSan Francisco, CA2ParticipantJan 2022
Michael ShaulovUnited StatesNew York City, NY1ParticipantJan 2022
Zohar ZisapelIsraelTel Aviv1ParticipantApr 2021
Assaf RappaportUnited StatesNew York City, NY1ParticipantJan 2022
Microsoft AcceleratorUnited StatesSeattle, WA1ParticipantAug 2022
Avi ShuaIsraelTel Aviv1ParticipantJan 2022
CrowdStrike Falcon FundUnited StatesSan Francisco, CA1ParticipantAug 2022
Entrée CapitalIsraelTel Aviv1ParticipantAug 2022

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Talon Cyber Security Competitors

Talon Cyber Security competitors include listed companies like Aura.com and Sansec, and private ones like Malwarebytes, Onyx Security, Resilience Cyber Risk Solution and Sardine.

Public and private companies comparable to Talon Cyber Security
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MalwarebytesUnited StatesSan Jose, CAPrivate$100M-$625M6.3x
Onyx SecurityUnited StatesWilmington, DEPrivate--$640M-
Aura.comUnited StatesUnited StatesPublicly listed$193M($155M)$643M-
Resilience Cyber Risk SolutionUnited StatesNew York City, NYPrivate--$650M-
SansecChinaChinaPublicly listed$83M($2M)$602M5.4x
SardineUnited StatesMiami, FLPrivate--$660M-

Talon Cyber Security Public Comps

Talon Cyber Security is no longer listed, but its public comps include Aura.com, DBAPPSecurity, Sansec, OneSpan, Baudroie, Beijing VRV Software, Feitian Technologies, eMudhra, Global Security Experts and Hunan Kylinsec Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aura.com$193M($155M)5.7x-(7.0x)-
DBAPPSecurity$321M$15M1.8x1.8x38.5x21.1x
Sansec$83M($2M)6.1x5.4x(310.1x)(388.8x)
OneSpan$243M$57M2.6x2.5x11.0x8.9x
Baudroie$112M$24M5.2x4.3x24.7x21.0x
Beijing VRV Software$46M($44M)13.1x-(13.6x)-
Feitian Technologies$104M($4K)6.2x-(168378.6x)-
eMudhra$73M$18M7.3x6.6x30.1x27.4x

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Common questions about Talon Cyber Security

When was Talon Cyber Security founded?Talon Cyber Security was founded in 2021.
Where is Talon Cyber Security headquartered?Talon Cyber Security is headquartered in Tel Aviv, Israel.
Is Talon Cyber Security publicly listed?No, Talon Cyber Security was acquired by Palo Alto Networks in November 2023.
Who acquired Talon Cyber Security?Talon Cyber Security was acquired by Palo Alto Networks in November 2023.
How much was Talon Cyber Security acquired for?Talon Cyber Security was acquired for $630M in November 2023.
What is Talon Cyber Security's valuation?Talon Cyber Security was last valued at $350M in its Series A in August 2022.
How much funding has Talon Cyber Security raised?Talon Cyber Security has raised $143M across 3 funding rounds.
What was Talon Cyber Security's last funding round?Talon Cyber Security's last funding round was a $100M Series A in August 2022, led by Evolution Equity Partners.
Who are Talon Cyber Security's investors?Talon Cyber Security's investors include Team8, Lightspeed Venture Partners, Evolution Equity Partners, George Kurtz, Sorenson Ventures, Ballistic Ventures, Michael Shaulov, Zohar Zisapel, Assaf Rappaport, Microsoft Accelerator and 8 others.
Which companies are comparable to Talon Cyber Security?Companies comparable to Talon Cyber Security include Malwarebytes, Onyx Security, Aura.com, Resilience Cyber Risk Solution, Sansec and Sardine.

See companies similar to Talon Cyber Security

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