Modelyo, an Israeli cybersecurity startup founded in 2024, has raised approximately $17 million in a funding round led by U.S.-based OlivTree, with participation from Seth Merrin, David Phelps and other investors. The funding will support research and development of the company's confidential cloud platform and expansion of its international commercial operations. Modelyo's Sovereign Confidential Cloud platform enables organizations to use cloud infrastructure and AI systems while maintaining control over their data and encryption keys through confidential computing and hardware-based encryption. The platform targets defense agencies, governments, banks, healthcare and pharmaceutical companies requiring stringent security and data sovereignty protections.
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Company Information
Company
Modelyo
Location
Israel
About
Modelyo is an Israeli cybersecurity startup founded in 2024 that develops a Sovereign Confidential Cloud platform enabling organizations to use cloud infrastructure and AI systems while retaining control over their data and encryption keys. The platform combines confidential computing, hardware-based encryption, and zero-trust architecture to protect data during storage, transmission, and processing. It targets organizations with stringent security requirements including defense agencies, governments, banks, and healthcare companies. The technology is backed by over 20 patents and allows customers to cryptographically verify data protection without trusting cloud providers.
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