Cloud-delivered network security startup iboss on Tuesday announced the closing of a new $145 million financing deal to speed up growth in a lucrative market.
iboss, founded by twin brothers Paul and Peter Martini five years ago, previously banked $35 million in venture capital funding from Goldman Sachs.
The new round of financing was led by NightDragon and Francisco partners.
The Boston, Mass.-based company sells products that enables a consolidation of networking and cutting-edge security into a Secure Access Service Edge (SASE) model that operates and provides cybersecurity protection in the cloud.
As enterprise employees increasingly connect to cloud applications such as Microsoft Office 365, Zoom and others, iboss said its products provide secure and compliant connections. The iboss platform directly connects users to offices as well as cloud applications, eliminating the need to route internet traffic through centralized, on-premise appliances.
The company said its architecture is built for the cloud from the ground up, allowing organizations to migrate security features and policies — such as web gateway proxies, network firewalls and Zero Trust Network Access — directly to the cloud.
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