Modelyo, an Israeli cybersecurity startup developing confidential cloud infrastructure, raised approximately $17 million in a funding round led by US-based OlivTree, with participation from Seth Merrin, David Phelps and other investors.
Founded in 2024 by Benny Meir, Dr. Itzhak Aviv and Dr. Michael Kiperberg, Modelyo is headquartered in Tel Aviv, Israel. The company develops technology designed to help organizations run sensitive applications, data workloads and artificial intelligence systems on cloud infrastructure while retaining control over their information and encryption keys.
Modelyo’s Sovereign Confidential Cloud platform uses confidential computing, hardware-based encryption, zero-trust security architecture and cryptographic verification to protect information during storage, transmission and processing. Its infrastructure is designed to prevent cloud providers and infrastructure operators from accessing customers’ sensitive data.
The platform is intended for organizations with stringent data security requirements, including government agencies, defense organizations, financial institutions, healthcare providers and critical infrastructure operators.
The company plans to use the new capital to accelerate research and development, expand support for AI models and autonomous agents, improve compatibility with GPU infrastructure and strengthen its international commercial operations.
Led by co-founder and CEO Benny Meir, Modelyo had approximately 30 employees at the time of the announcement. The founding team brings experience in defense technology, encryption, secure virtualization and computing infrastructure.
The investment will support Modelyo’s continued development of confidential computing infrastructure for organizations seeking to use cloud services and AI applications while maintaining control over sensitive information.
