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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.

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.

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