OT Remote Access Firm Xona Raises $7.2 Million in Series A Funding – SecurityWeek

OT Remote Access Firm Xona Raises $7.2 Million in Series A Funding – SecurityWeek

Xona Methods, an Annapolis MD-based mostly supplier of frictionless distant authentication and entry to the essential infrastructure, has raised $7.2 million in a Collection A funding spherical led by DataTribe Alternatives Fund with participation from TFX Capital and particular person buyers. It brings The complete raised So far to $9.4 million.

The funds Shall be used to consolidate the Xona’s worldwide presence In further than 25 nations, for further R&D, and to strengthen its footprint as a safe entry supplier for power, oil and gasoline, transportation, manufacturing, authorities and completely different new markets.

“With The power to entry operational know-how and completely different essential systems at any time, and from anyplace is turning Proper into a necessity. Hybrid work is useful, value efficient and performs A process in recruitment and retention – however for essential infrastructure, it’s all that And a lot extra,” said Invoice Moore, founder and CEO at Xona. “There are numerous causes professionals working oil rigs Inside the midst of the ocean, manufacturing crops meeting extreme demand, water remedy amenities serving huge populations and completely different essential amenities want 24/7 entry. But offering that entry has traditionally been complicated and fraught with safety factors – that’s why we constructed Xona.”

Xona makes use of protocol isolation And 0 notion principals. “We current a essential system gateway which not solely currents multi-problem authentication (MFA) for clients however acts as a shopper, and isolates the protocol and the connection To every system on the OT community,” defined Moore. “Xona drops the protocol and solely brings again the current to the distant consumer’s browser – primarily permitting a distant consumer To function the essential OT system with …….

Source: https://www.securityweek.com/ot-remote-access-firm-xona-raises-72-million-series-funding