Xage Security company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

xage.com

Founded Year

2016

Stage

Series B - II | Alive

Total Raised

$53.15M

Last Raised

$6M | 5 days ago

Mosaic Score

+90 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Xage Security

Xage Security offers a blockchain-based security solution. Xage is building a security fabric for IoT, which takes blockchain and synthesizes it with other capabilities to create a secure environment for devices to operate. It was founded in 2016 and is based in Palo Alto, California.

Xage Security Headquarter Location

445 Sherman Avenue Suite 200

Palo Alto, California, 94306,

United States

+1 650 234 0400

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Xage Security

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Xage Security in 5 CB Insights research briefs, most recently on Mar 16, 2022.

Expert Collections containing Xage Security

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Xage Security is included in 6 Expert Collections, including Blockchain.

B

Blockchain

3,939 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

G

Grid and Utility

318 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids.

T

The Edge Computing Landscape

343 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

C

Cybersecurity

4,893 items

D

Digital Health

12,794 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

A

Advanced Manufacturing

3,161 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

Xage Security Patents

Xage Security has filed 20 patents.

The 3 most popular patent topics include:

  • Computer security
  • Computer network security
  • Data security
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/2/2020

12/14/2021

Network file systems, Computer network security, Computer security, Network protocols, Wireless networking

Grant

Application Date

3/2/2020

Grant Date

12/14/2021

Title

Related Topics

Network file systems, Computer network security, Computer security, Network protocols, Wireless networking

Status

Grant

Latest Xage Security News

Zero Trust Firm Xage Security Adds $6 Million 'Top-up' to $30 Million Series B Funding

May 12, 2022

By Kevin Townsend on May 12, 2022 Palo Alto, Calif-based firm Xage has raised a $6 million top-up to the $30 million Series B funding it secured in January 2022. The new financing comes from SCF Partners , an investor in energy and critical infrastructure services, and Overture Venture Capital, which specializes in startups in government, energy and climate. Top-ups to existing funding rounds are not unknown but not common. In this instance, the top-up illustrates the current state of the growth funding market: funding still exists, and cybersecurity remains a growth area, but geopolitics and fragile national economies have made the investors nervous. Last month, the MD of investment advisory firm Progress Partners – Eric Bell – told SecurityWeek that this nervousness means investors are not as willing to enter companies at such high valuations. “They are looking at current investments and doubling down on the winners and are not maybe deploying as much capital or risk at this moment into earlier stages or companies that don’t have proven track records.” For Xage to get its Series B funding and then increase that within a matter of months implies that the investors consider the firm to be a safe bet. The reason lies in the cybersecurity threat emanating from geopolitics, the federal response to that threat, and the growing belief that a zero-trust approach to cybersecurity offers the best solution. Xage offers such a zero trust product – the Xage Fabric – designed to bring zero-trust to complex environments such as those that exist in many of the critical industries. But the reason that this solution is attractive to investors is not just theory – Xage has already achieved dramatic growth over the last 18 months. To an extent, this growth goes back to the Colonial Pipeline hack . “That attack received so much publicity that it really woke a lot of companies to the risks they had been running,” Duncan Greatwood, Xage CEO, told SecurityWeek. “That spread from oil and gas into renewables and then into manufacturing and into the retail supply chain – which is another sort of hidden part of the country’s critical infrastructure.” The pressure to implement a zero-trust solution to cybersecurity grew with the government response following the Colonial incident. Exactly one year ago, May 12, 2021, President Biden issued an Executive Order (EO) that included, “Within 60 days of the date of this order, the head of each agency shall… develop a plan to implement Zero Trust Architecture.” Executive Orders provide instructions to federal agencies, but also often-heeded advice to private enterprises. The EO has been further supplemented by other government requirements including the Department of Homeland Security Transportation Security Administration (TSA) that need to be met before the end of 2022. This year, of course, the geopolitical pressures on critical industries have grown as a by-product of the Ukraine war . Even before the war started, CISA, the FBI and the NSA issued a joint advisory : “It will be important for U.S. organizations, especially the critical infrastructure vertical, to pay extra attention to cybersecurity in order to mitigate Russia’s retaliatory options, should the U.S. ‘act decisively’ in response to an invasion as the Biden administration has promised.” The entire western alliance has acted decisively in arming Ukraine and delivering sanctions against Russia. The threat of retaliation against US critical infrastructure is rising. With threats increasing against the critical infrastructure, and with the EO pointing to zero-trust as a potential answer, Xage is ready with a solution. Customers in energy, defense, utilities, manufacturing, and logistics have more than doubled in the past year. Other customers are asking for quicker rollouts. Greatwood gave an example of one customer that had intended to rollout the solution to about 1,000 sites over a period of 12 to 18 months. “Suddenly,” he said, “they’re asking, can we do this in six months, can we do it in three months.” So, Eric Bell’s premise that funding is still available for companies that seem to be a sure bet, appears to be correct – firstly that Xage could raise its Series B round and then even top it up in such nervous times proves this. Greatwood told SecurityWeek that Xage doesn’t need the additional funding, but it is welcome, nonetheless. He knew it was on the cards right from the time of the Series B round in January. He had been steering the investors towards a figure of between $20 million and $30 million, and achieved the higher figure with investment demand still active. “The top-up,” he said, “gives us an opportunity to accelerate our business.” This comes from the expertise in the Xage target market that comes with these new investors, “And also, frankly, it allows us to spend a little bit more money and take a more aggressive approach to growth than perhaps we would have done otherwise.” This includes adding new features and improving support. The moral of the story is clear. Although investors have become nervous over the last year, they still have money to invest in those companies that do not seem to be high risk. It would be wrong to suggest that Xage is lucky to be in the right place at the right time – its founders had the foresight to develop the product before the current geopolitical influences – but nevertheless it does have the right product at the right time. And where this is the case, funding is available even in a nervous market. Xage was founded in 2017 by Roman Arutyunov (VP Products), and Susanto Irwan (VP Engineering). It raised $12 million, extended by a further $4 million Series A funding in 2018; and $30 million in Series B funding in January 2022. The latest top-up brings the total raised to date to $52 million.

Xage Security Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Xage Security Rank

You May Also Like

Perimeter 81 Logo
Perimeter 81

Perimeter 81 is a Secure Network as a Service security solution.

Netskope Logo
Netskope

Netskope offers a security cloud that provides visibility and real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device. Netskope understands the cloud and takes a data-centric approach that empowers security teams with the right balance of protection and speed they need to secure their digital transformation journey.

Block Armour Logo
Block Armour

Block Armour is a next-gen enterprise cybersecurity solution that leverages blockchain technology to secure critical enterprise systems and IoT communication. The solution uses digital signature based identity and authentication for humans, devices and data.

Zscaler Logo
Zscaler

Zscaler (NASDAQ:ZS) is a cloud-based information security company that provides internet security, web security, firewalls, sandboxing, SSL inspection, antivirus, vulnerability management and granular control of user activity in cloud computing, mobile, and internet of things environments.

Appgate Logo
Appgate

Appgate is the secure access company that provides cybersecurity solutions for people, devices, and systems based on the principles of Zero Trust cybersecurity. Appgate updates IT systems to combat the cyber threats of today and tomorrow. Through a set of differentiated cloud and hybrid security products, Appgate enables enterprises to easily and effectively shield against cyber threats. Appgate protects more than 650 organizations across government and business

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.