iboss has announced that it has raised $145 million in new funding. The financing will be used to support the company’s rapid growth. The new funding comes as the COVID-19 pandemic has accelerated the ongoing shift to cloud-based cybersecurity providers. The need for cybersecurity solutions of companies is increasing due to the COVID-19 pandemic.
Securing all internet traffic in the cloud
Cloud-native iboss platform constantly defends organizations from cyberattacks by screening and securing all internet traffic in the cloud, regardless of device or location.
iboss CEO Paul Martini said,
“COVID-19 has exposed massive vulnerabilities with outdated, hardware-based cybersecurity solutions and accelerated the timeline of moving away from the old method of securing physical office perimeters. Implementing modern architecture that provides network security in the cloud is the best way to ensure safety and productivity, even as remote workers rely more and more on fast connections for things like video meetings and online productivity apps.”
iboss enables consolidation of networking and cutting-edge security into a Secure Access Service Edge (SASE) model that operates and provides cybersecurity protection in the cloud. The iboss platform directly connects users to offices as well as cloud applications, eliminating the need to route internet traffic through centralized, on-premises appliances.
By delivering network security as a service via the cloud, iboss eliminates the need for expensive, hardware-based security and legacy infrastructure, which improves productivity, end-user experience and business outcomes for organizations leveraging cloud applications.