NetFoundry, a secure networking provider known for its software-defined, zero-trust architecture, has raised $12m.
The investment marks the first external funding for the company and includes participation from SYN Ventures, a prominent cybersecurity-focused venture capital firm.
NetFoundry offers a secure-by-design networking platform that eliminates traditional dependencies such as WAN, SASE, and firewall architectures. Its approach delivers military-grade security while simplifying operations through a software-based, infrastructure-independent model.
The company plans to use the fresh capital to accelerate adoption of its network-as-code platform across key industries including financial services, critical infrastructure, and industrial IoT. It aims to support the growing demand for agile, AI-ready security models that do not rely on legacy infrastructure.
NetFoundry’s technology is already in use across eight of the top ten US banks and by critical infrastructure operators spanning three continents. Its client portfolio includes Fortune 500 giants and defence-related deployments, underscoring its position as a trusted provider of secure, flexible networking solutions.
Public use cases leveraging NetFoundry include deployments with Arrow, Capgemini, Digibee, IBM, Microsoft, Oracle, and the USA military. The firm’s unique model allows enterprise IT teams and OEM partners to embed zero trust networking directly into their solutions—streamlining secure connectivity in an increasingly decentralised environment.
NetFoundry CEO and founder Galeal Zino said, “This is the iPhone moment for secure networking. NetFoundry’s approach is revolutionary in that it enables military-grade security, but with the speed and extensibility of software. Organizations can no longer tolerate the trade-offs of WAN/SASE/firewall architecture – that old model is shredded by an AI-accelerated world.”
Dan Burns, partner at SYN Ventures and former Optiv CEO, added, “Only software can keep up with software. Dependencies on infrastructure, IP addresses, underlay networks, specific clouds and firewall ACLs are barriers to business velocity, security and agility. By eliminating these barriers, NetFoundry enables enterprises to simplify, secure and accelerate digital transformation.”
Elsewhere, Phosphorus Cybersecurity, a US-based leader in security and device management for the extended Internet of Things (xIoT), has recently secured a strategic investment from Neva Sgr, the venture capital arm of Italy’s Intesa Sanpaolo Group.
The funding will be used to accelerate the company’s growth, particularly in the development of intelligent automation within xIoT security. It will also support Phosphorus’s expansion into new markets, including Italy, where it plans to leverage the Intesa Sanpaolo Group’s extensive network.
SixMap, a cybersecurity company based in Berkeley, California, also recently raised $7m in a new funding round led by IAG Capital Partners. Founded in 2020, SixMap uses advanced computational mapping to give organisations complete visibility of their digital infrastructure from the attacker’s perspective. Its platform maps more than 60,000 ports—far beyond traditional scanning tools—to identify potential vulnerabilities and blind spots that other cyber tools often miss.
The fresh capital will be used to accelerate SixMap’s go-to-market growth, fund new product development, and expand its team. With increased demand for more precise and proactive cybersecurity tools, the company aims to meet the growing expectations of CISOs seeking advanced threat visibility.
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