Heliad participates in Aikido's USD 60 million Series B funding round, valuing the cybersecurity startup at USD 1 billion as it establishes itself as a fast-growing leader in the industry.

Target Company Overview

Heliad has officially announced its participation in Aikido's recent Series B funding round, which raised USD 60 million. This funding round, led by DST Global, values Aikido at USD 1 billion, officially classifying it as a unicorn. Aikido has quickly positioned itself among the fastest-growing cybersecurity companies worldwide, showcasing a remarkable growth trajectory.

Founded on the principles of simplifying cybersecurity, Aikido advocates for a developer-first approach, diverging from the complex, traditional security solutions prevalent in the industry. Over the past three years, Aikido has transformed from a challenger to a leading company, securing a prominent position amidst giants like Palo Alto Networks and other notable players in Tel Aviv.

Industry Overview

The cybersecurity sector has seen significant growth, particularly in Europe, which has been striving to establish its own champions alongside American counterparts. Over the last few years, the demand for robust cybersec