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Israeli Tech Firm MODELYO Raises $17 Million for Secure Cloud Platform
Israeli tech startup MODELYO, founded after October 7th, has raised approximately $17 million in a funding round led by US firm OlivTree. The company developed a confidential cloud platform enabling secure use of AI and cloud services without compromising sensitive data.
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What happened
- 01MODELYO, an Israeli tech firm founded post-October 7th, raised $17 million for its confidential cloud platform.
- 02The platform allows secure use of AI and cloud services while data remains encrypted during processing.
- 03Funding was led by US firm OlivTree and will support R&D and international market expansion.
- 04The technology is designed for governments, banks, and corporations handling sensitive information.
- 05MODELYO integrates confidential computing, hardware encryption, and cryptographic verification.
Funds will accelerate platform development and international expansion, addressing growing security needs in AI and data processing.
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