Announced
Completed
Financials
Tags
Single Bidder
Cross Border
Friendly
Completed
Private
IT Services: Other
Acquisition
Private Equity
Venture Capital
United States
secure remote access
Minority
zero trust network access platform
network security
Synopsis
Third Point Ventures, a venture capital firm, led a $30m Series B round in Banyan Security, a provider of zero trust network access solutions. “As an investor across the IT landscape, I’ve looked at several of the up-and-coming remote access vendors who promote ‘zero trust’ and I’m thrilled to partner with Banyan Security, a true market disruptor and innovator. Banyan understands that zero trust is a strategy first and functionality second that, when used properly, serve broader ‘work from anywhere’ business goals. Among Banyan Security’s impressive roster of customers, you’ll find several household names and Fortune 500 organizations, which speaks to their ability to meet the demands of the largest and most demanding enterprise businesses. However, a big part of Banyan’s appeal is the elegance of their incremental ‘deploy-as-you-go’ model which leverages and extends existing security tooling to meet today’s demanding security requirements, and ultimately provides end users with a great experience,” Curtis McKee, Third Point Ventures Partner.
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