After CyberArk’s $25 billion sale, Udi Mokady turns to securing the AI agent era
Mokady has been appointed chairman of CHEQ as the company expands from identity security into protecting organizations from emerging AI-driven threats.
Udi Mokady, founder of CyberArk and its longtime CEO until 2023, has been appointed chairman of cybersecurity company CHEQ. Like CyberArk, CHEQ operates in the field of identity security and access management for organizations. Mokady has served on CHEQ’s board of directors since 2023 and will replace Ehud Levy, one of the company’s founders, as chairman. Levy will move into the role of president.
The acquisition of CyberArk by Palo Alto Networks for $25 billion, the second-largest Israeli technology exit in history after Wiz, was completed in February. Mokady served as executive chairman of CyberArk at the time of the sale.
CHEQ said the appointment coincides with the launch of an AI agent-based internet security platform, with Mokady expected to advise the company on its strategy and operating model as it expands into the emerging field of securing autonomous AI systems. CHEQ founder Guy Tytunovich will continue serving as CEO.
Founded in 2013, CHEQ last raised capital in 2022, securing $150 million at a valuation of $1 billion. The company currently employs approximately 300 people.
"I have spent my career building and backing companies that solve the most important problem in cybersecurity: trust at scale," said Udi Mokady. "Trust starts with identity - ensuring that every identity has legitimate credentials and access is fundamental to protecting every organization. The agentic web is the next frontier of that challenge, and CHEQ is the team addressing it head-on. CHEQ is solving a real business problem that every organization must contend with. As AI agents proliferate across the open web, CHEQ provides both the intelligence and the security guardrails that give organizations the visibility and control to embrace this new era with confidence. I'm excited to step into the Chairman role at this defining moment."
