Xage Security captures $20m funding amid surging cybersecurity demand

Xage Security captures $20m funding amid surging cybersecurity demand

Xage Security, described as the “real-world zero trust cybersecurity company”, has secured $20m in a new funding round.

The investment brings the Xage’s total funding to a staggering $80m. Key investors taking part in this round included well-established names like Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, and Chevron Technology Ventures.

Additionally, new investor Science Applications International Corporation  joined the roster.

Catering to businesses spanning critical infrastructure sectors – from healthcare to government and energy to manufacturing, Xage Security is no stranger to the evolving demands of cybersecurity. At its core, Xage’s Cybersecurity Mesh has been meticulously engineered to provide zero trust access management and data security in multifaceted environments. Their solutions seamlessly integrate with current infrastructures, both physical and digital, without the need for any major revamps.

The influx of this capital will be strategically channelled into bolstering research & development efforts and amplifying Xage’s go-to-market (GTM) operations. These moves are poised to fortify global clients, empowering them to effectively manage and transform their OT, IT, and cloud operations securely.

Highlighting their global outreach, Xage recently unveiled a new office in Singapore to complement their Middle East expansion, further cementing their commitment to the Asia Pacific market. With this expanded footprint, Xage aims to cater to a growing customer base that includes prominent infrastructure operators.

SAIC chief innovation officer Lauren Knausenberger remarked, “Xage is tackling one of our nation’s most urgent challenges – to cyber harden digital systems and critical infrastructure while protecting them against increasingly advanced cyber threats. Xage and SAIC help accelerate the adoption of Zero Trust principles throughout the Federal Government, using Xage’s technology to protect digitally transforming enterprises from cyber-attacks.”

Echoing this sentiment, Xage Security CEO Geoffrey Mattson added, “Growing demand for Xage technology is a clear indicator that organisations need a simple and effective means to safeguard complex operations. With these new funds, we are well-positioned to further accelerate our product innovation and global expansion and to protect our customers’ most important assets and resources.”

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