Network security policy management company FireMon has received $40m in debt financing from Silicon Valley Bank (SVB).
FireMon was recently “deemed critical” to national security by the United States Treasury. This entitles it to US government loans, which have been supplied by SVB.
The RegTech has witnessed strong growth over the past year. It has experienced a 48% year over year growth and a 300% growth between Q1 2020 and Q2 2020, it claims.
FireMon claimed to be a leader in network security policy management (NSPM).
It claims to be the only network security policy platform for firewalls and cloud security groups helping to streamline policy management.
Services offered by the company include security assessment and cleanup, continuous compliance, automated process change, micro segmentation for zero trust networks, and risk management.
FireMon CEO Satin Mirchandani said, “Network security policy as we know it is changing and our unique agile approach to NSPM is what sets us apart from traditional approaches that are increasingly ineffective, especially in cloud and hybrid environments.
“Having the United States government deem FireMon as critical to national security further underscores the importance of network security policy and our work to innovate.”
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