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SASE Provider Versa Networks Raises $84 Million

Secure Access Service Edge (SASE) provider Versa Networks this week announced it raised $84 million in Series D funding. To date, the company has received $196 million in funding.

The funding round was led by Princeville Capital and RPS Ventures, with additional participation from existing investors, including Sequoia Capital.

Secure Access Service Edge (SASE) provider Versa Networks this week announced it raised $84 million in Series D funding. To date, the company has received $196 million in funding.

The funding round was led by Princeville Capital and RPS Ventures, with additional participation from existing investors, including Sequoia Capital.

Based in San Jose, California, Versa Networks platform is available via both the cloud and on-premises, helping enterprises keep branches, teleworkers, and users securely connected to cloud applications and data centers.

A software-only offering, Versa SASE delivers a single interface to configure and implement policies, offers the visibility and control that organizations need, and seeks to protect all corporate resources on any device, for all users.

The company plans to use the new funds to introduce new go-to-market strategies and expand its presence to new geographies. It will also invest in new sales and partner enablement initiatives and, in addition to investing in marketing and sales campaigns, Versa will spend the money on SASE research and development.

“This is a technology that is on course to really take off in the coming year and beyond, and this investment means that we are best placed to be at the helm of that rocket ship as SASE becomes the star in businesses’ security and networking arsenal,” said Kelly Ahuja, CEO of Versa Networks.

*updated funding amount from $86 million to $84 million, as well as total amount raised

Related: OPSWAT Secures $125 Million Growth Funding

Related: Noname Security Raises $60 Million in Series B Funding

Related: Salt Security Raises $70 Million in Series C Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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