SAIC - Investors Funnel Capital into Xage as Demand for Zero Trust Cybersecurity Mesh Skyrockets | Benzinga
PALO ALTO, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Xage Security, the real-world zero trust cybersecurity company, announced it has raised $20 million in an additional funding round, bringing total funding to $80M. Existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners and Chevron Technology Ventures, as well as new investor Science Applications International Corporation (NYSE:SAIC) participated in the round. SAIC and Xage also announced today a strategic collaboration (Xage Security and SAIC to Accelerate Zero Trust Adoption in Critical Infrastructure) to deliver zero trust security solutions to critical infrastructure and distributed operations including Operational Technology (OT), Information Technology (IT) and cloud environments.
"Xage is tackling one of our nation's most urgent challenges - to cyber harden digital systems and critical infrastructure while protecting them against increasingly advanced cyber threats," said Lauren Knausenberger, chief innovation officer at SAIC. "Xage and SAIC help accelerate the adoption of Zero Trust principles throughout the Federal Government, using Xage's technology to protect digitally transforming enterprises from cyber-attacks."
Xage serves enterprises across the critical infrastructure sectors, from ...