Zero trust cybersecurity company Xage has raised additional funding from Chevron Technology Ventures.
With the capital, Xage plans to accelerate the use of zero trust in protecting energy and other critical infrastructure from cyber threats.
Xage claims to be the first and only zero trust real-world security company. Its flagship product Xage Fabric accelerates and simplifies the way enterprises secure, manage and transform digital operations.
Fabric is specifically designed to bring a zero-trust security model to complex environments without requiring an equipment overhaul. It overlays every machine, app and data point within an organisation to impose granular control over all digital interactions.
It also offers identity and access management, zero trust remote access and dynamic data security solutions.
Chevron vice president, innovation and president of technology ventures Jim Gable said, “Xage’s zero trust security has the potential to expand corporate security standards to environments that increasingly are connected to one another. The technology can provide critical support to cybersecurity and digital transformation needs.
“This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.”
With the close of the extension, Xage has raised a total of $62m in funding, to date.
Xage previously raised $6m in an extension to its Series B funding round back in May 2022. It initially closed the Series B round in January on $30m.
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