XONA, the cyber security trailblazer, recently announced an $18m strategic investment led by Energy Impact Partners (EIP), a notable player in the cyber investment sphere.
This funding boosts XONA’s total capital to $32m, earmarked for significant advancements in their zero-trust user access platform.
The company’s proprietary technology offers robust security solutions tailored for operational technology (OT) environments. XONA’s system is designed to be technology-agnostic and can be set up within minutes, providing immediate protection against common cybersecurity threats. It enables secure, seamless control of operational technology from any location, enhancing user access without compromising security.
XONA’s CEO, Bill Moore, highlighted the company’s accelerated recruitment to bolster their support for sectors like energy, oil and gas, manufacturing, and government. “We’re quickly expanding our team to support our energy, oil and gas, manufacturing, and government partners as they respond to the cybersecurity challenges associated with remote operations capacity. With new funding and strategic support from EIP, we are positioned for hypergrowth over the next few years.”
The injection of funds is set to propel XONA’s development forward, focusing on expanding strategic OEM and technology alliances and enhancing user access analytics. This comes at a crucial time as industries shift from traditional on-site operations to more flexible remote and mobile setups, a move that, while increasing efficiency, also opens up new vulnerabilities in cybersecurity.
Tansel Ismail, Vice President at Energy Impact Partners, said, “We are thrilled to partner with XONA in this next phase of growth. Remote access for operational technology (OT) is one of the fastest-growing product categories, and XONA’s product stands out for its unique time-to-value, ease of use, and robust security features designed specifically for OT environments.
“We see significant opportunities for solutions like XONA, especially in light of the major wave of VPN replacement and digital transformation initiatives. This partnership aligns perfectly with our commitment to supporting innovative technologies that help accelerate digital transformation and support the energy transition.”
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