Conceal Closes $26 Million Series B Funding Round
Investment will drive product development velocity, go-to-market initiatives, and other key corporate strategies.
Conceal, a pioneer in browser-native Security Service Edge (SSE) technology, has closed a $26 million Series B funding round. This funding, led by Two Bear Capital, is supported by Allegis Cyber and Gula Tech Adventures. The capital will significantly accelerate product development and expand market reach.
The new investment positions Conceal to empower enterprises with secure, contextual access for employees and contractors, revolutionizing how organizations achieve zero trust and browser security. CEO Eric Cornelius expressed excitement about this investment, stating that it aligns with the mission to transform access methods to address vulnerabilities currently exploited by attackers.
"We are thrilled to have Two Bear Capital lead this newest investment in our vision to change the way organizations reach their zero-trust and browser security goals," Cornelius remarked. He emphasized that traditional methods have left organizations exposed to risks inherent to their security architectures, and expressed pride in Conceal's innovative approach to establishing secure access and connection simplicity.
Mike Goguen, Founder and Managing Partner at Two Bear Capital, commented on the significance of Conceal's technology, stating that they are addressing crucial challenges in cybersecurity. By simplifying secure connectivity, Conceal is adapting to how modern business communications operate. Their approach stands to enhance the utility for various organizations, seamlessly integrating with existing frameworks and workflows.
The necessity for organizations to reevaluate legacy VPNs and proxies is palpable. Many current SSE solutions introduce latency and complexity that can hinder operations. Conceal’s browser-native approach aims to streamline this process, allowing companies to cut unnecessary costs and reduce inefficiencies related to secure access.
The Conceal Approach to Zero Trust and Browser Security
Many companies struggle with two convoluted technology stacks to ensure security and connectivity. Traditional cybersecurity vendors typically focus on consolidating security frameworks but overlook the connectivity aspects that often contribute to significant costs and operational challenges.
With the Conceal Browser-Native SSE Platform, organizations can integrate both functionalities into a cohesive solution. This integration enables teams to allocate necessary resources and budgets effectively, prioritizing areas critical for operational success.
Conceal's advanced in-browser technology empowers users to connect directly to applications without the need for complex tools such as VPNs or proxies, which can complicate workflows. Distinct from enterprise browsers, Conceal's intelligent extension integrates smoothly with any browser already in use, minimizing the need for additional installations.
For users on unmanaged devices, secure access is facilitated through the Conceal Console, offering policy-based access to essential resources without requiring local software installations. This method ensures that access remains efficient and secure without burdening users with additional technical demands.
Security and IT teams benefit from heightened visibility into user activities and potential threats, with pre-built data integrations flowing into SIEM and XDR platforms, as well as popular tools like Splunk and BI solutions. Additionally, Conceal generates executive-level reports that quantify the platform's efficacy and risk mitigation, enhancing accountability and strategic decision-making.
About Conceal
Conceal offers a state-of-the-art Browser-Native Security Service Edge (SSE) platform, providing seamless Zero Trust Access and in-browser security without relying on traditional VPNs or proxies. This approach allows organizations to access applications securely from any device, simplifying operations and alleviating risk.
About Two Bear Capital
Founded by Mike Goguen in 2019, Two Bear Capital is a venture capital firm dedicated to investing in visionary entrepreneurs delivering groundbreaking solutions to complex problems. They focus on early-stage companies that exhibit disruptive innovations in both life sciences and technology, with a commitment to creating high-impact businesses.
Frequently Asked Questions
What is the focus of Conceal's recent investment?
The recent investment will enhance product development and expand go-to-market strategies, focusing on zero trust and browser-native security.
Who led the Series B funding round for Conceal?
Two Bear Capital led the $26 million Series B funding round, indicating strong confidence in Conceal's vision and technology.
How does Conceal’s technology improve connectivity?
Conceal consolidates security and connectivity within a browser-native platform, removing the need for complicated tools like VPNs and proxies.
What are the benefits of the Conceal Browser-Native SSE Platform?
This platform simplifies secure access, maximizes operational efficiency, and ensures direct application connections for users.
What can users expect from Conceal in the future?
Users can anticipate ongoing innovations aimed at enhancing security access methods, reducing complexity, and directly addressing their cybersecurity needs.
