NetFoundry adds Cisco Investments in Series A funding round

NetFoundry incorporated Cisco Investments into its Series A funding round, raising the total capital to more than $15 million. This investment is part of the funding round initially led by SYN Ventures.

The raised funds support NetFoundry's objective to expand its Identity-First Overlays™, which generate over one billion sessions monthly. This approach integrates authentication and policy enforcement directly within the network fabric.

NetFoundry's technology applies identity-based micro-segmentation to implement secure-by-default sessions among endpoints, APIs, and applications across diverse environments and connectivity types. This design embeds zero-trust principles into each session to limit exposure of critical infrastructure.

The recent collaboration involved engaging Cisco Investments as a strategic partner to supplement the funding led by SYN Ventures. NetFoundry also maintains the open source zero trust software, OpenZiti, widely utilized in the field.

Janey Hoe, Vice President of Cisco Investments, said, “The future of both networking and security lies in their fusion, where identity and policy are embedded directly into the network.” Galeal Zino, co-founder and CEO of NetFoundry, said, “Our team is thrilled to welcome Cisco Investments to our group of strategic partners. This funding enables us to expand our reach and continue our momentum in unifying identity, authorization, networking and security for the benefit of our customers.” Jay Leek, Founder and Managing Director of SYN Ventures, said, “We are excited to see the continued momentum behind NetFoundry. The addition of Cisco Investments further strengthens NetFoundry's mission and expands their market opportunity.”

Plans outlined include continued scaling of NetFoundry's solutions to support secure connectivity that adapts to increasingly distributed and dynamic workflows.