iboss nets $145m in funding to support rise in demand for cybersecurity services

iboss, a developer of cloud delivered network security, has closed $145m in fresh funding to support its rise in demand.

The Covid-19 pandemic has increased demand for cybersecurity solutions and iboss claims demand has risen for its platform which constantly defends businesses from online attacks. Its technology screens and secures all internet traffic in the cloud, regardless of device or location.

iboss CEO Paul Martini said, “COVID-19 has exposed massive vulnerabilities with outdated, hardware-based cybersecurity solutions and accelerated the timeline of moving away from the old method of securing physical office perimeters.

“Implementing modern architecture that provides network security in the cloud is the best way to ensure safety and productivity, even as remote workers rely more and more on fast connections for things like video meetings and online productivity apps.”

iboss leverages a secure access service edge model that operates and provides security in the cloud. It directly connects users to offices as well as cloud applications, removing the need to route internet traffic through centralised, on-premise appliances.

This network security as a service via the cloud removes the need of expensive hardware-based security and legacy infrastructure. This improves productivity, end-user experience and business outcomes for organisations, it claims.

iboss co-chairman Dave DeWalt said, “iboss has created the largest, most modern and comprehensive SASE security platform on the market and is the only platform that can fully transition organizations from on-prem security appliances to SaaS security delivered in the cloud.

“What makes this stronger is that iboss is an open security platform that allows organizations to apply the security engines and log analytics platforms of their choosing compared to existing closed SASE solutions that lack this flexibility and restrict better security due to lack of collaboration with top cybersecurity intelligence vendors.”

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