Connect with us

Hi, what are you looking for?


Cloud Security

Multi-Cloud Network Security Provider Valtix Raises $12.5 Million

Multi-cloud network security platform provider Valtix on Thursday announced that it raised $12.5 million in strategic funding.

Multi-cloud network security platform provider Valtix on Thursday announced that it raised $12.5 million in strategic funding.

Founded in 2018 and launched in 2019 with $14 million in funding, the Santa Clara, California-based company provides enterprise customers with a cloud-native network security service that can help protect both applications and services.

Available on a pay-as-you-go pricing model, Valtix’s platform provides automated cloud application discovery, security deployment, and application defense capabilities.

Last year, the company made its platform generally available on Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), and it now serves customers on all three clouds. Valtix has customers in the financial services, government, healthcare, and retail sectors.

Valtix says it plans to use the new capital to accelerate its go-to-market strategy, aiming to scale operations in 2021.

The new funding round saw participation from Cisco Investments, Northgate Capital, and The Syndicate Group. Previous investors are Trinity Ventures, Vertex Ventures, and Wing Venture Capital.

The funding news comes after Valtix expanded its leadership team by adding Douglas Murray as CEO, Joe Palazola as VP of Worldwide Operations, and Anthony Narducci as VP of Worldwide Sales. Vishal Jain, co-founder and founding CEO, will be the company’s chief technology officer.

Advertisement. Scroll to continue reading.

Related: SaaS Application Backup Firm Rewind Raises $15 Million

Related: Data Security Startup Qohash Raises $6 Million

Related: Cloud Security Firm Wiz Emerges From Stealth With $100M in Funding

Related: Swimlane Raises $40 Million to Expand SOAR Business

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Forty cybersecurity-related M&A deals were announced in January 2023.