What does NetFoundry do?
NetFoundry specializes in secure networking by providing embeddable zero trust connectivity solutions. Its offerings include cloud-native NaaS and on-premises licensed software models that enable businesses and providers to securely connect workflows and integrate zero trust security into their products. The company is also the inventor and maintainer of OpenZiti, an open source zero trust software.
How much did they raise?
The company raised $12M in funding, with SYN Ventures leading the round. Details on valuation were not disclosed, and the round is categorized as VC funding.
What are their plans for the money?
NetFoundry plans to use the raised funds to expand its operations and accelerate development efforts. This investment is expected to enhance its secure networking solutions and broaden its impact across IT, IoT, and OT sectors.
What have they achieved so far?
The company has demonstrated significant progress by supporting major Fortune 500 companies and a range of prominent industry players including Microsoft, IBM, Oracle, and the USA military. Its open source initiative, OpenZiti, further underscores its commitment to advancing zero trust security.
