Xona Raises $7.2 Million in Series A Funding


Xona, an Annapolis, Md.-based user access platform purpose-built for critical infrastructure, closed a $7.2 million Series A funding round.

The round, which brings the total raised since inception to $9.4 million, was led by DataTribe Opportunities Fund with participation from TFX Capital and individual investors. In conjunction with the funding, Mike Janke, managing director at DataTribe Opportunities Fund, has joined the company’s board of directors. In addition, Jeff Williams, former chief revenue officer at FireEye, has joined as an independent board member.

The company intends to use the funds to expand its global presence in more than 25 countries, accelerate product innovation, and extend its footprint for providing secure remote access to critical systems in energy, oil and gas, transportation, manufacturing, government and other new markets.

Led by Bill Moore, founder and CEO, Xona enables user access that’s purpose-built for operational technology (OT) and other critical infrastructure systems. Its proprietary protocol isolation and zero-trust architecture immediately eliminates common attack vectors, while giving authorized users seamless and secure control of operational technology from any location or device. Xona integrates MFA, user-to-asset access controls, user session analytics, and automatic video recording.