Xage Security
Overview
Xage Security, founded in 2016, is a leading company in the field of cybersecurity, particularly known for its zero-trust security solutions. Based in Palo Alto, California, Xage specializes in protecting critical infrastructure and industrial operations across various sectors such as energy, transportation, and manufacturing. The company utilizes a blockchain-based platform to secure operations and prevent cyberattacks. Xage Security has successfully raised around $80 million in funding through multiple investment rounds led by key investors including Chevron Technology Ventures and March Capital.
Recent Developments
2024
- November 2024: Xage Security launched its Extended Privileged Access Management (XPAM) solution, setting a new benchmark in cybersecurity by incorporating it into the Xage Fabric Platform. This solution replaces legacy PAM systems, providing comprehensive protection and access management.
- October 2024: The company expanded its executive team by appointing Russell McGuire as Global Chief Revenue Officer and Ashraf Daqqa as Vice President for the META region, as part of its strategic growth plans.
- October 2024: Xage was awarded a $1.5 million contract by the U.S. Navy to support its zero-trust strategic initiatives, enhancing protection across naval networks.
- August 2024: Xage introduced AI-powered tools, Xage Insights and Xena, aiming to enhance cybersecurity operations by providing analytics and actionable insights.
- June 2024: Collaboration with Darktrace on integrating AI-powered threat detection capabilities with Xage's security solutions, aimed at enhancing protection for critical infrastructure.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Palo Alto, California, USA |
| Founders | Roman Arutyunov, Susanto Irwan |
| Revenue | Estimated $1M to $10M |
| Key Investors | Chevron, SAIC, March Capital |
| Industry | Cybersecurity |
| Number of Employees | Approximately 107 as of 2024 |
Early History
Xage Security was established in 2016, primarily focusing on addressing the growing cybersecurity needs in industrial operations and critical infrastructure. The company pioneered the use of blockchain technology to provide a distributed, tamper-proof security platform. In its early years, Xage rapidly gained traction by focusing on industries like energy and utilities, where the need for secure, resilient systems was paramount. The company’s initial success was bolstered by strategic partnerships and early adoption by major companies involved in critical infrastructures, such as oil and gas and manufacturing.
Company Profile and Achievements
Xage Security offers a unique security solution based on its blockchain-powered Xage Fabric Platform, which provides a comprehensive zero-trust access and control mechanism across IT and operational technology environments. The company is notable for its identity-based access management, which is crucial for industries with complex operational needs.
- 2017-2018: Xage began building its reputation by securing contracts with organizations in the energy sector, highlighting the robustness of its zero-trust solutions.
- 2019: Participated in the U.S. Air Force’s AFWERX innovation program, leading to advancements in military cybersecurity.
- 2020: Expanded its operations by enhancing its platform capabilities, focusing on integrating AI technologies to improve threat detection and response.
- 2023: Recognized as a leader in zero-trust cybersecurity solutions and awarded a significant contract by the U.S. Space Force to protect its networks.
Current Operations and Market Position
Xage Security currently operates as a leader in zero-trust cybersecurity, providing solutions that are critical for protecting infrastructure in an increasingly digital world. The company’s platform enables secure data sharing and access control, which is vital for IT, OT, and cloud environments. Xage holds a competitive advantage with its blockchain-based infrastructure, providing resilient, scalable security that is adaptable to various threats, from land-based operations to space.
- Xage is strategically positioned as a key player in the cybersecurity market, focusing on industries such as energy, manufacturing, and defense.
- The company continues to innovate, leveraging AI and blockchain technologies to stay ahead in cybersecurity and secure its place as a preferred security partner for critical infrastructure operators.
Conclusion
Xage Security has established itself as a formidable entity in the cybersecurity landscape, particularly for critical infrastructure protection. With continuous innovation and strategic partnerships, the company is poised for substantial growth. Its recent endeavors to integrate AI into its zero-trust architecture and expand its executive team signify its commitment to scaling its operations globally. As cyber threats grow in complexity, Xage’s solutions remain crucial for industries looking to fortify their defenses, and the company's trajectory suggests a promising future in both domestic and international markets.