Cloud-native network security platform Valtix has bagged $12.5m in its strategic funding round to boost its go-to-market strategy.
The capital was supplied by Cisco Investments, Northgate Capital and The Syndicate Group. They join the company’s existing backers Trinity Ventures, Vertex Ventures and Wing Venture Capital.
These extra funds will accelerate the company’s go-to-market strategy and enable it to scale during 2021. In addition to the funding, Valtix plans to leverage the channel relationships of The Syndicate Group, a venture firm with a network of VARs, integrators and consultancies.
Valtix is a multi-cloud security platform which aligns native cloud and security workflows to automate cloud app discovery, security deployment and app defence.
The platform offers a dashboard to holistically protect operations from online threats such as data exfiltration.
In the final quarter of last year, the cybersecurity company expanded its leadership team with the addition of Douglas Murray as CEO, Anthony Narducci as VP of worldwide sales and Joe Palazola as VP of worldwide operations.
Cisco senior director, network and cloud workload security Chandrodaya Prasad said, “In today’s fragmented IT environment, our enterprise customers require the flexibility to orchestrate Network Security in multiple form-factors – as on-prem firewalls, virtual firewalls and cloud-native firewalls – all managed from a centralized control plane.
“We are impressed with Doug and the Valtix team and thrilled to invest in the company. We look forward to enabling our customers to adopt cloud-native, multi-cloud network security.”
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