Xona Systems, a frictionless user access platform purpose-built for critical infrastructure, has scored $7.2m in Series A funding.
The round was led by DataTribe Opportunities Fund and saw participation from TFX Capital and other unnamed individual investors. To date, the company has raised a total of $9.4m since inception.
Founded in 2017, Xona was created with the purpose of creating a better solution for providing frictionless and secure user access for operational technology and other critical infrastructure systems.
Xona’s protocol isolation and zero-trust architecture – which is tech-agnostic and configured in minutes – supposedly immediately eliminates common attack vectors while providing authorised users seamless and secure control of operational technology from any location or device.
Through integrated multi-factor authentication, user-to-user asset access controls, automatic video recording and user session analytics, the company claims it is the ‘single, secure portal that connects the cyber-physical world and enables critical operations to happen from anywhere with complete trust.
Xona has more than doubled its workforce over the past half-year and will use the funding to continue to build its global presence in more than 25 countries, fuel product innovation and expand its footprint for providing secure remote access to critical systems in energy, oil and gas, transportation, manufacturing, government and other new markets.
XONA founder and CEO Bill Moore said, “Being able to access operational technology and other critical systems at any time, and from anywhere is becoming a necessity. Hybrid work is convenient, cost effective and plays a role in recruitment and retention – but for critical infrastructure, it’s all that and way more.
“There are countless reasons professionals running oil rigs in the middle of the ocean, manufacturing plants meeting high demand, water treatment facilities serving large populations and other critical facilities need 24/7 access. But providing that access has traditionally been complex and fraught with security issues – that’s why we built XONA.”
LimaCharlie, a firm providing tools to run an MSSP or SOC on a pay-as-you-go use model, has bagged $5.45m in seed financing.
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Copyright © 2018 RegTech Analyst