NetFoundry Welcomes Cisco Investments as Strategic Backer
NetFoundry has made waves in the tech industry by announcing that Cisco Investments is now part of its Series A funding round. This strategic move adds more than $15 million to the already robust funding, led by SYN Ventures.
With the integration of Cisco Investments, NetFoundry is positioned to accelerate its growth and innovation. The company has pioneered its Identity-First Overlays™, which currently handle over one billion secure sessions each month.
Revolutionizing Network Security with Identity-First Overlays™
NetFoundry's unique approach to networking emphasizes security by embedding identity-based micro-segmentation directly into the network fabric. This innovation allows for secure connections between endpoints, APIs, and applications across various environments, significantly enhancing security measures in enterprise workflows.
The Vision Behind the Partnership
Galeal Zino, co-founder and CEO of NetFoundry, expressed his excitement about partnering with Cisco Investments. He remarked, "This funding enables us to expand our reach and continue our momentum in unifying identity, authorization, networking, and security for the benefit of our customers." This partnership aims to push forward significant advancements in integrated network solutions.
Cisco's Perspective on the Future
Janey Hoe, Vice President of Cisco Investments, shared insights on the importance of merging networking with security. She stated, "The future of both networking and security lies in their fusion, where identity and policy are embedded directly into the network." This reflects a significant shift toward a more secure, seamless operational framework.
Strengthening Market Opportunities
NetFoundry has seen promising progress, and the addition of Cisco Investments enhances its mission. Jay Leek, Founder and Managing Director at SYN Ventures, commented on this momentum, emphasizing that this collaboration strengthens NetFoundry's reach in the market.
NetFoundry’s security approach offers a robust framework for enterprise workflows, allowing connections without exposing critical infrastructure. By implementing zero-trust principles into every session, organizations can achieve agility, reliability, and security, even within dynamic ecosystems.
About NetFoundry
NetFoundry's Identity-First Overlays™ are utilized by diverse innovators, including two of the five largest companies in the USA. They are known for enabling businesses to create secure, on-demand overlays quickly, and they also offer a platform for self-hosted overlays at secure locations. Furthermore, software providers leverage NetFoundry's offerings to implement zero-trust connectivity into their products effectively. The company is recognized for maintaining OpenZiti, the world’s most widely used open-source zero-trust software.
Frequently Asked Questions
What is the significance of Cisco Investments joining NetFoundry?
Cisco Investments’ participation strengthens NetFoundry’s funding, providing resources to enhance their innovative solutions.
How does NetFoundry's Identity-First Overlays™ work?
The overlays integrate identity-based micro-segmentation into the network to secure connections seamlessly across industries.
Who are some of the prominent users of NetFoundry's services?
Among its clients, NetFoundry serves two of the largest companies in the USA, showcasing the reliability of its technology.
What are zero-trust principles?
Zero-trust principles require strict verification for every user and device attempting to access resources, thereby enhancing security.
Can businesses host their own overlays with NetFoundry?
Yes, businesses can utilize the NetFoundry platform to create and maintain self-hosted overlays at various locations.
