CyberArk was founded in Israel in 1999 by Alon N. Cohen and current CEO Udi Mokady,[REF] a 2014 EY Entrepreneur Of The Year,[REF] who assembled a team of security engineers who implemented the digital vault technology ().
In June 2014, CyberArk filed for an IPO with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million [REF].