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Venture Capital News: Xage Security Nabs Additional $20M

PALO ALTO, CA, Xage has announced $20 million in additional funding, bringing its total funding to $80 million
Xage Security, the zero trust real-world cybersecurity company, and Science Applications International Corporation (NYSE: SAIC), the Fortune 500® company and a leading integrator delivering technology transformation to the U.S. federal government, today announced a strategic relationship to bring zero trust security solutions to critical infrastructure and distributed edge, inclusive of operational technology (OT), IT, and cloud environments. As part of the initiative Xage is being integrated into SAIC's IT & OT Accelerator offerings to help customers address critical infrastructure security mandates guided by the United States (U.S.) National Cybersecurity Strategy.

Existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners and Chevron Technology Ventures, as well as new investor Science Applications International Corporation (NYSE: SAIC) participated in the financing round.

Xage Security is the first and only zero trust real-world security company. Xage Security Gov is a wholly-owned affiliate of Xage Security, dedicated to addressing the cyber protection needs of Federal Government clients. Xage's solutions and services accelerate and simplify the way enterprises secure, manage and transform digital operations across OT, IT, and cloud. Xage products include Identity-based access management, remote access, and zero trust data exchange, all powered by the Xage Fabric. Xage also offers Cybersecurity Services, which deliver expert design, implementation, and support services to accelerate the adoption of proactive cyber-defense and underpin secure digital transformation.
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