Wednesday, April 24 2024

XONA, the frictionless user access platform purpose-built for critical infrastructure, today announced that it closed a $7.2 million Series A funding round led by DataTribe Opportunities Fund with participation from TFX Capital and individual investors. The investment brings XONA’s total raised since inception to $9.4 million.

XONA will use the funding to build on its global presence in more than 25 countries, fuel product innovation, and expand its footprint for providing secure remote access to critical systems in energy, oil and gas, transportation, manufacturing, government and other new markets. As a result of the funding, Mike Janke, managing director at DataTribe Opportunities Fund, has joined the company’s board of directors. In addition, Jeff Williams, former chief revenue officer at FireEye, has joined as an independent board member.

“Being able to access operational technology and other critical systems at any time, and from anywhere is becoming a necessity. Hybrid work is convenient, cost effective and plays a role in recruitment and retention – but for critical infrastructure, it’s all that and way more,” said Bill Moore, founder and CEO at XONA. “There are countless reasons professionals running oil rigs in the middle of the ocean, manufacturing plants meeting high demand, water treatment facilities serving large populations and other critical facilities need 24/7 access. But providing that access has traditionally been complex and fraught with security issues – that’s why we built XONA.”

XONA was founded in 2017 with the express purpose of creating a better solution for providing frictionless and secure user access for operational technology (OT) and other critical infrastructure systems. Since its inception, the company has built and deployed a proven solution at facilities around the globe through direct sales and partners including GE and Baker Hughes.

Technology agnostic and configured in minutes, XONA’s proprietary protocol isolation and zero-trust architecture immediately eliminates common attack vectors, while giving authorized users seamless and secure control of operational technology from any location or device. With integrated multi-factor authentication, user-to-asset access controls, user session analytics, and automatic video recording, XONA is the single, secure portal that connects the cyber-physical world and enables critical operations to happen from anywhere with total confidence and trust.

“There is a tremendous need for frictionless user access with rigorous security for operational technology and critical infrastructure systems, and that need will increase exponentially in the coming years as the number and severity of attacks on our critical infrastructure systems increase,” said Mike Janke, Managing Director at DataTribe Opportunities Fund. “XONA has demonstrated a powerful platform that stays one step ahead of today’s evolving threats by collapsing traditionally integrated enterprise IT components into a frictionless user access platform purpose-built for critical infrastructure. The company is establishing itself as the gold standard in the industry and we are thrilled to partner together for this next phase of growth.”

As new members of the XONA board of directors, Janke and Williams bring unique expertise to help the company through its next phase of growth. In addition to co-founding DataTribe, Janke is a former member of the U.S. Navy’s SEAL Team 6 and Executive Chairman and co-founder of Silent Circle, one of the world’s leading Global Secure Communications services. Williams joined Bain Capital Ventures in 2016 after six years at FireEye where he joined as the first sales leader and helped lead the company through IPO. He brings more than two decades of infrastructure software and security experience with a proven track record in helping early-stage enterprise software companies scale and grow into market leaders.

XONA has more than doubled its workforce over the last six months and will use this funding to continue that growth and increase support for its OEM partners globally, including GE and Baker Hughes. To learn more about XONA, please visit https://www.xonasystems.com/

Bill Moore, CEO and Founder at XONA - CPO Magazine
Bill Moore, founder and CEO at XONA
Previous

Semperis Secures Over $200M in Series C Funding Round

Next

Broadcom to Acquire VMware for $61 Billion

Check Also

Widget

Don’t Miss

The words Endpoint Detection and Response (EDR) on a green background with lines on the right side of the image

Best Endpoint Detection & Response Platforms

Lara Oporto

Endpoint Detection & Response platforms continuously monitor endpoints for signs of malicious activities, such as unauthorized access or unusual behavior, enabling rapid detection and response to potential cyber threats to safeguard organizational assets. What is Endpoint Detection and Response and how does it work? Endpoint Detection and Response (EDR) is a cornerstone in modern cybersecurity […]

AT&T AlienVault Products Review: OSSIM vs USM

Ellie Buscemi

AlienVault is now the technological basis for AT&T AlienLabs and provides multiple products for different companies’ cybersecurity needs. What AT&T AlienVault Products are Available? In December 2021, CISOstack reported that AT&T intended to acquire AlienVault to expand its cybersecurity offerings to more businesses. Two years later, AlienVault-based offerings make up a large portion of AT&T’s […]

Photo by Simon Kadula on Unsplash.

Navigating Manufacturing IIoT Cybersecurity Challenges

John Powers

Guarding the Gears: Government policy and industry collaboration to mitigate cyberthreats to manufacturers. The smart factory is on the rise. Production lines equipped with advanced sensors can monitor equipment health in real-time and predict potential issues before they disrupt operations. Temperature and humidity sensors can ensure the optimal environment for delicate manufacturing processes. RFID-enabled asset […]

Best Microsegmentation Software

Ellie Buscemi

Microsegmentation allows a company to divide digital assets into smaller, more secure groups, which makes it harder for cybercriminals to take over a company’s data center. What is Microsegmentation? Microsegmentation refers to cyber professionals building layers of cybersecurity protection between groups of digital assets or individual cyber assets. Adding these layers inside instead of only […]

Best Breach and Attack Simulation Platforms

Ellie Buscemi

Breach and attack simulation (BAS) platforms allow companies to see weaknesses in their cyber infrastructures before a malicious hacker can exploit them. What Is BAS – Breach and Attack Simulation? Breach and attack simulation (BAS) is an approach to cybersecurity that uses advanced tools to imitate the attacks used by cybercriminals on companies’ digital infrastructure. […]

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]