June 11, 2024 at 06:18AM
Xona, a zero trust user access platform for industrial operations, has raised $18 million in a strategic funding round led by Energy Impact Partners. This brings their total raised to $32 million, and the funds will be used to enhance product development, expand the team, and create strategic alliances. The company offers a secure access platform for operational technology environments.
From the meeting notes, I have gathered the following key points:
1. Xona, a company that provides a zero trust user access platform for industrial operations, has raised $18 million in a strategic funding round led by Energy Impact Partners, bringing the total raised to $32 million.
2. The funding will be used to enhance the company’s product and accelerate development, hire more people, and create strategic OEM and technology alliances.
3. Xona’s platform is designed to provide secure access to critical systems in operational technology (OT) environments, with products such as the Critical System Gateway (CSG) and Xona Central Management (XCM) system.
4. Bill Moore, founder and CEO of Xona, emphasized the company’s expansion to support energy, oil and gas, manufacturing, and government partners in responding to cybersecurity challenges associated with remote operations capacity.
5. Moore expressed that with the new funding and support from EIP, Xona is positioned for hypergrowth over the next few years.
Let me know if you need further details or specific information!