Twingate, a RedwoodCity, CA-based premier provider enabling organizations to rapidly implement Zero Trust security, announced $42 million in Series B funding.
The round was led by BOND, with participation from existing investors WndrCo, 8VC, and SignalFire. The latest investment brings Twingate's total funding to $67 million.
With this additional funding, Twingate will rapidly scale its operations to meet the growing demand for easy-to-use security solutions.
The company will use these funds to continue growing its product and engineering teams, scale customer-facing services and support teams, launch operations in Europe and Asia-Pacific, and introduce a partner program to work with IT and security providers.
Company: Twingate Inc.
Raised: $42.0M
Round: Series B
Funding Month: April 2022
Lead Investors: BOND
Additional Investors: WndrCo, 8VC, and SignalFire
Company Website: https://www.twingate.com/
Software Category: Zero Trust security
About the Company: Twingate provides a simple, modern approach to securing online work and enables organizations to rapidly implement a modern zero-trust network that is more secure and maintainable than VPNs. Twingate empowers IT teams to easily configure a software-defined perimeter without changing infrastructure and centrally manage user access to internal apps, whether they are on-prem or in the cloud. Twingate's mission is to make this transition to Zero Trust security as easy as possible. With Twingate, companies can easily start on the journey towards Zero Trust by seamlessly bringing together identity, device, and contextual information to manage access to anything employees need to work. Twingate easily integrates with existing SSO, MDM, EDR, and network security products to make it easy to adopt Zero Trust security concepts and can be deployed in 15 minutes or less.
Source: https://www.prnewswire.com/news-releases/twingate-raises-a-42-million-series-b-led-by-bond-to-accelerate-the-adoption-of-zero-trust-301526056.html https://www.twingate.com/blog/series-b-announcement/