Boston based, iBoss, recently announced a $145M growth round led by NightDragon and Francisco Partners. The cloud-native cybersecurity company has experienced rapid growth as organizations look to protect their cloud-based applications and secure remote workers from cyber threats. In 2015, iBoss raised a $35M Series A round led by a Goldman Sachs Private Capital investing group; iBoss says this latest round will enable them to expand their sales and marketing team in order to capture the growth in cloud-native cybersecurity.
According to the graph above, many investors likely saw the need for a new solution to network security far before the pandemic and work from home trend. In 2019 alone, more than $19B was invested into network security-related companies which shows the clear demand for new solutions such as SASE services. In fact, SASE originally appeared in Gartner’s 2019 “The Future of Network Security”.
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Growing up, children idolize their parents. They hang on every word they say, put them on a pedestal, and aim to grow up and follow