30m Series Piva 54mmillertechcrunch: Xage, which helps secure critical physical infrastructure using a zero trust system, raises a $30M Series B led by Piva, bringing its total funding to $54M. With their latest round of funding, Xage will be able to invest in new features and accelerate the development of their innovative security platform.
The Xage Security Platform is an end-to-end cyber security solution that helps secure critical physical infrastructure from cyber attacks. Xage delivers a zero trust security posture management solution that provides visibility, control and intelligence for network security. The solution integrates across physical and cybersecurity layers to give organizations full visibility into dataflow.
The Xage Security Platform helps organizations gain visibility into their physical infrastructure through deep integrations with IT systems, network devices, and process information. This visibility makes it possible for organizations to detect anomalies and issue alerts on unusual actions that could lead to data breaches. The solution leverages its deep integration with IT systems to also provide deep visibility into security posture.
The Xage Security Platform works by integrating across existing network devices and management tools, ensuring that all connected devices have the latest security patches. The solution also integrates with popular cybersecurity management portals including Splunk, ForeScout, RSA Archer, and many others.
In addition to protecting organizations’ physical infrastructure from cyber threats and breaches, the Xage Security Platform also works as a cybersecurity monitoring tool that detects threats at their inception. It also uses machine learning to predict and prevent attacks, which helps organizations to comply with regulatory mandates such as PCI DSS or HIPAA.
Xage’s client list includes the US military, finance and retail industries. In December 2015, Xage raised a $13M Series A round of funding from MHS Capital, the UK’s National Cyber Security Centre (NCSC), Entrepreneurs Fund and Bullpen Capital. In April 2014, Xage raised a $12M Series A round of funding led by the U.S. Department of Energy.
Prior to raising funding, Xage won two ‘Best in Cybersecurity’ awards for best penetration testing and vulnerability assessment tool in 2015. In 2016, the company was named by Gartner as one of their Cool Vendors in Emerging Technologies (CTET) for leveraging big data analytics to provide accurate threat intelligence.
Andrei Rode is the Chief Executive Officer at Xage, a former cyber security analyst for financial institutions and an experienced entrepreneur. He has over a decade of experience in the IT security field and is passionate about using technology to solve real business issues. Andrei is a tech visionary and cybersecurity expert who has authored various whitepapers, articles and book chapters, with his major focus being on the convergence of physical and cyber security.
Andrei Rode stated: “Cybersecurity is a major concern for everyone these days given how much we rely on connected devices to manage our daily lives. Our goal is to help organizations operate their physical infrastructure securely without having to worry about cybersecurity.”
The Xage Security Platform helps its clients gain visibility into dataflow across all connected devices, detect anomalies and issue alerts on unusual actions that could lead to data breaches. The solution also helps organizations gain compliance by integrating with popular cybersecurity management portals including Splunk, ForeScout, RSA Archer and many others.
