CyberArk Founder Udi Mokady Named Chairman of Cybersecurity Firm CHEQ

Udi Mokady, founder of CyberArk and its leader since 1999, has been appointed chairman of the cybersecurity company CHEQ. CHEQ operates in the field of identity management for organizations, similar to CyberArk. Mokady has been on CHEQ's board since late 2023 and now replaces Ehud Levy, one of CHEQ's founders, who will transition to the role of company president.

CyberArk was sold to Palo Alto Networks for $25 billion in February, marking the second-largest Israeli tech exit after Waze. Mokady served as active chairman of CyberArk during the sale and joined CHEQ’s board shortly afterward. The appointment coincides with CHEQ’s announcement of a new AI agent-based internet security platform, where Mokady will advise on strategy and operational models. Guy Titonovich, CHEQ’s founder, will remain CEO.

CHEQ was founded in 2013 and raised $150 million in 2022 at a $1 billion valuation. It currently employs around 300 people. Mokady emphasized the importance of trust in cybersecurity, stating that "trust begins with identity," and highlighted CHEQ’s role in addressing this critical business challenge. In his first extensive interview since the CyberArk sale, Mokady reflected on the emotional process of selling the company he led for 27 years.