Modelyo Secures $17 Million for Cloud and AI Security Platform
Summarized from Israel National News by baba
Modelyo announced on October 22, 2026, that it raised approximately $17 million, led by U.S. investors, to advance its Sovereign Confidential Cloud platform and international reach. The technology ensures data remains encrypted during processing, even when using third-party cloud services and AI. The company plans to use the funds for research and development, expanding managed services, and enhancing AI and GPU support.
The story in 5 lines · by baba
- Modelyo raised $17 million from U.S. investors, including OlivTree, Seth Merrin, and David Phelps.
- The funding will accelerate development of Modelyo's Sovereign Confidential Cloud platform.
- The technology allows data encryption during processing without sharing keys with cloud providers.
- Modelyo aims to help governments, banks, and enterprises use cloud and AI securely.
- The company will expand international operations and enhance AI and GPU support.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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