Network security provider NetFoundry today announced raising $12 million in a funding round led by SYN Ventures, marking the first injection of venture capital into the company.
For roughly a decade, the Charlotte, North Carolina-based company has been providing security solutions for eliminating organizations’ network exposure.
According to NetFoundry, it provides embeddable zero-trust connectivity, helping businesses secure workflows across networks using code, without the need of VPNs, MPLS, IP allowlists, and other protections.
The company provides microsegmented overlay networks that hide assets behind closed inbound firewall ports, as well as identity, authentication, and authorization at the application level.
Furthermore, it promises continuous uptime courtesy of self-healing capabilities, automatic traffic rerouting in case of failure, smart routing for increased efficiency, and powerful network monitoring and management tools.
NetFoundry is also the developer and maintainer of OpenZiti, a widely used open source zero trust solution, and its network security products leverage the Ziti platform to protect IT, OT, and critical infrastructure systems.
By making its platform embeddable, the company also enables software providers to implement zero trust networking in their products.
NetFoundry says its solutions are used by top Fortune 500 companies, top US banks, and critical infrastructure around the world. Its zero trust networking solutions are also leveraged by products from known brands such as Arrow, Cap Gemini, EdgeX Foundry, IBM, LVT, Microsoft, Oracle, Redfaire, and TZ, as well as by the US military.
“This is the iPhone moment for secure networking. NetFoundry’s approach is revolutionary in that it enables military-grade security, but with the speed and extensibility of software. Organizations can no longer tolerate the trade-offs of WAN/SASE/firewall architecture – that old model is shredded by an AI-accelerated world,” NetFoundry founder and CEO Galeal Zino said.
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