NetFoundry has secured a USD12 million investment in what its CEO calls an iPhone moment for secure networking. Cybersecurity venture capitalist SYN Ventures leads the funding round.
“NetFoundry’s approach is revolutionary in that it enables military-grade security, but with the speed and extensibility of software,” said CEO Galeal Zino. “Organisations can no longer tolerate the trade-offs of WAN/SASE/firewall architecture. That old model is shredded by an AI-accelerated world.”
This is the first injection of venture capital into NetFoundry. However, the company already services eight of the top ten US banks, two of the top five companies on the Fortune 500 list, and critical infrastructure on three continents.
NetFoundry is the first company to bring military-grade security to networking while simplifying operations by replacing infrastructure dependencies and day two bolt-ons with a secure-by-design software model.
NetFoundry enables the “develop once, deploy anywhere, deliver everywhere” model in which teams leverage distributed compute without needing to glue it all together at the network layer.
Businesses that require strong security and rapid deployment, such as financial services, have led the charge towards this new secure-by-design, network-as-code model, but the emerging AI era is making it important for all businesses.
Public NetFoundry case studies include examples of just-in-time zero-trust networking for use cases from financial services to military drones to industrial automation. While SASE clouds divert and decrypt the sensitive data, NetFoundry provides end-to-end encryption with the keys sovereign to the endpoints for both on-premises and cloud native deployments.
