Xage Security, a Palo Alto, CA-based real-world zero trust cybersecurity company, raised $20m in additional funding.
The round, which brought the total amount to $80M, saw participation from existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners and Chevron Technology Ventures, as well as new investor Science Applications International Corporation (NYSE: SAIC).
SAIC and Xage also announced a strategic collaboration to deliver zero trust security solutions to critical infrastructure and distributed operations including Operational Technology (OT), Information Technology (IT) and cloud environments.
The company intends to use the funds to further R&D investments and to expand its go-to-market (GTM) operations, which in turn, empower global customers to secure, manage and transform OT, IT, and cloud operations.
Xage is a zero trust cybersecurity company providing solutions and services which accelerate and simplify the way enterprises secure, manage and transform digital operations across OT, IT, and cloud. Its products include Identity-based access management, remote access, and zero trust data exchange, all powered by the Xage Fabric. The company also offers cybersecurity services, which deliver expert design, implementation, and support services to accelerate the adoption of proactive cyber-defense and underpin secure digital transformation.
Xage serves enterprises across the critical infrastructure sectors, from energy and manufacturing to healthcare and government. The Xage Cybersecurity Mesh is specifically designed to bring zero trust access management and data security to complex environments without requiring any overhaul or retrofitting of existing physical and digital infrastructure.
Following Xage’s Middle East expansion, current global expansion efforts include increased coverage of the Asia Pacific region with the opening of Xage’s new Singapore office. This physical presence supports an expanding APAC customer base for Xage that includes major infrastructure operators.
FinSMEs
02/11/2023