VIA has successfully secured a $28m Series B investment, positioning itself prominently in the cybersecurity landscape.
This Boston-based company is advancing the field of data and identity protection through its innovative, decentralized platform, designed to meet the rigorous standards of entities like the U.S. Department of Defense.
The investment round saw contributions from leading and strategically aligned new investors including Bosch Ventures (lead), BMW i Ventures, and MassMutual Ventures, alongside Sentinel Global. These new investors join forces with Westly Group and select existing stakeholders, completing a minority investment round that was notably oversubscribed.
VIA’s platform is renowned for its decentralized, zero trust architecture that caters to organizations grappling with the challenges of data security across network boundaries. This architecture is particularly adept at mitigating insider threats and ensuring quantum-resistance, a crucial factor as cyber threats evolve.
The capital infusion is earmarked for accelerating the adoption of VIA’s trailblazing Web3 data protection platform across large enterprise customers. “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,” VIA’s co-founder and CEO Colin Gounden explained.
Furthermore, the company aims to transform enterprise security which has remained susceptible to breaches, especially as cloud applications and traditional perimeter-based defenses prove inadequate against sophisticated attacks. VIA enhances identity management and employs quantum-resistant encryption, ensuring that only authorized parties can access and manage data with complete privacy, enterprise-scale auditability, and control.
Adam Jackson from Bosch Ventures highlighted the broad applicability of VIA’s solutions, noting their significant traction across various sectors, “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.”
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