What is iboss?
iboss operates a leading Zero Trust Secure Access Service Edge (SASE) cloud security platform, designed to consolidate network and security technologies into a unified cloud-based service. This innovative approach replaces traditional, fragmented solutions by integrating VPN, Secure Web Gateway (SWG), SD-WAN, branch firewalls, Browser Isolation, and Cloud Access Security Broker (CASB) capabilities. By leveraging Zero Trust Network Access (ZTNA), iboss ensures that users are granted access strictly based on their identity, thereby minimizing the risk of data breaches and unauthorized access. The platform's unified network and security service, managed through a single-pane-of-glass console, is instrumental in enhancing security postures, improving user experience, and supporting the operational needs of a distributed workforce.
How much funding has iboss raised?
iboss has raised a total of $182M across 3 funding rounds:
Series A
$35M
Debt
$2M
Series B
$145M
Series A (2015): $35M with participation from Goldman Sachs
Debt (2020): $2M led by PPP
Series B (2021): $145M supported by Francisco Partners and NightDragon
Key Investors in iboss
Francisco Partners
Francisco Partners is a global investment firm specializing in technology and technology-enabled businesses, focusing on private equity and credit investments. They are known for providing capital for growth financings and complex transactions across software, internet, and healthcare IT sectors.
NightDragon
NightDragon appears to be a privately funded entity, with its description suggesting a focus on film production rather than traditional venture capital. Further clarification on its investment thesis in technology is needed.
Goldman Sachs
Goldman Sachs is a premier global investment banking firm, providing a wide array of financial services including underwriting, mergers and acquisitions advisory, and asset management, with a significant presence in capital markets and strategic advisory.
What's next for iboss?
The substantial enterprise-level funding, including the recent strategic investment, positions iboss for accelerated expansion and further innovation in the Zero Trust SASE market. This capital infusion is expected to fuel advancements in its platform's capabilities, enhance its global reach, and strengthen its competitive edge against legacy security solutions. The company's focus on consolidating network and security functions into a single cloud service aligns with the growing demand for simplified, yet robust, cybersecurity frameworks, particularly for organizations navigating complex hybrid and remote work environments. iboss is poised to capitalize on this trend, further solidifying its role as a key enabler of secure digital transformation.
See full iboss company page
