VIA Raises $28 Million to Propel Expansion of Cutting-Edge Cybersecurity Platform
VIA, a Boston-based leader in cybersecurity, has successfully raised a remarkable $28 million in Series B funding, solidifying its position in the ever-evolving landscape of data and identity protection. This investment is aimed at accelerating the adoption of its innovative decentralized platform, which meets the stringent security standards required by entities such as the U.S. Department of Defense.
Key Investors Join VIA’s Growth Journey
VIA’s funding round attracted prominent investors, including:
- Bosch Ventures (lead investor)
- BMW i Ventures
- MassMutual Ventures
- Sentinel Global
These new backers joined existing stakeholders like Westly Group, completing a minority investment round that exceeded expectations in terms of oversubscription.
VIA’s Innovative Cybersecurity Solutions
The company’s platform is recognized for its decentralized, zero trust architecture, which effectively addresses the challenges organizations face regarding data security across network boundaries. This architecture is especially valuable for:
- Mitigating insider threats
- Ensuring quantum-resistance
Such features are increasingly important as cyber threats continue to evolve.
Funding Utilization and Future Goals
The newly acquired capital will be utilized to expedite the deployment of VIA’s pioneering Web3 data protection platform among large enterprise customers. Colin Gounden, VIA’s co-founder and CEO, stated, “Cyber experts at the U.S. Department of Defense and global enterprises have recognized that decentralized, passwordless, quantum-resistant solutions have become the only viable option to secure data transfers between systems of record, internal teams, external partners, IoT devices, and AI agents. This funding will accelerate adoption of the world’s first military-grade Web3 data protection platform by large enterprise customers.”
Transforming Enterprise Security
VIA aims to revolutionize enterprise security, which remains vulnerable to breaches, particularly as traditional perimeter-based defenses and cloud applications fail to keep pace with sophisticated cyber attacks. Key enhancements include:
- Advanced identity management
- Quantum-resistant encryption
This ensures that only authorized parties can access and manage sensitive data, delivering complete privacy, enterprise-scale auditability, and control.
Endorsements from Industry Leaders
Adam Jackson from Bosch Ventures emphasized the widespread applicability of VIA’s solutions, remarking on their impressive traction across various sectors. He noted, “As the number one supplier across automotive and many industrial sectors, we’re deeply familiar with the digital transformation taking place across supply chains. Our team was extraordinarily impressed with the phenomenal traction VIA is gaining across multiple sectors, and we see huge applications for their technology in the enterprise.”
For more information on VIA’s innovative technology and cybersecurity initiatives, visit their official website or explore related articles on current cybersecurity trends.
