Edgewise Networks Raises $11 Million in New Financing Led By .406 Ventures and Accomplice
Funds will support R&D and go-to-market activities to meet demand for Edgewise’s ability to create zero trust environments in seconds
BURLINGTON, Mass., June 11, 2019-- Edgewise Networks, the industry’s first microsegmentation platform based on software identity, today announced $11 million in new funding led by existing investors .406 Ventures and Accomplice, with additional participation from Pillar. Edgewise will use the funds to meet growing customer demand for its industry-first approach to deploying zero trust using automated, one-click microsegmentation. Edgewise has raised $18 million to date.
Edgewise solves one of the most difficult problems in cybersecurity today: reduction of the network attack surface in cloud and data center environments. Traditional solutions require a complex and expensive process that can take months, or even more than a year to complete. Edgewise automatically protects application workloads in seconds, adding provable security to hybrid cloud environments.
The Edgewise solution uses machine learning and advanced analytics to enable the rapid discovery of application communication topology and attack pathways. This real-time visibility allows security teams to microsegment environments with a single click. Policies are enforced no matter where the application resides — on premises, in the cloud, or in a container — and remain in effect even as the underlying network changes.
“Our innovative, patented approach makes microsegmentation — one of the hardest problems in cybersecurity — incredibly simple to implement,” said Peter Smith, co-founder and chief executive officer at Edgewise Networks. “With Edgewise, companies can operate their applications in hybrid cloud and container environments with peace of mind, knowing that they are protected. This strong support from our investors will enable us to expand to meet the demand for automated microsegmentation.”
"Perimeter defenses are important, but will not be enough,” said Ed Amoroso, founder and CEO of TAG Cyber. “The enterprise needs to harden the interior through the creation of a zero trust environment that stops malicious lateral communication. Edgewise’s platform simplifies this process, enabling enterprises to eliminate superfluous pathways and microsegment the remaining ones in seconds with ease and confidence, leaving malware that manages to bypass perimeter defenses with no place to go."
Maria Cirino, co-founder and managing partner at .406 Ventures, added, “Edgewise has managed to take an extremely complex problem and solve it in a simple, yet extraordinarily powerful way. Edgewise is highly differentiated, incredibly simple and one of the most effective and innovative approaches to advanced network security I’ve seen in a long time.”
Jeff Fagnan, founding partner at Accomplice, said, “Edgewise has automated the process of microsegmenting a network with such an elegant, simple solution, that it’s as easy as a single click, and it’s done in a matter of seconds. I cannot overstate how astonishing this is. It’s what excited us in the beginning and continues to excite us today.”
About Edgewise Networks
Edgewise’s Zero Trust Auto-Segmentation delivers impossibly simple microsegmentation in one click. Driven by machine learning, Edgewise automatically builds policies that protect any application in any cloud, without any changes to your network. We provide measurable improvement by quantifying attack path risk reduction and verifying software identity before it communicates — to stop application compromise and data breaches. Gartner has recognized Edgewise as a 2018 Cool Vendor. To see how you can eliminate network attack surface, please visit https://www.edgewise.net/.
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