Banyan Security, based in San Francisco, builds a patented zero trust architecture that enforces least-privileged, context-based access to corporate applications and IaaS resources. The solution integrates with organizations’ existing enterprise identity and security tools and transparently deploys in hybrid and multi-cloud environments. Banyan permits incremental deployment to accelerate measurable progress on customers' zero trust journeys. The company recently made a no-cost Team Edition of its Zero Trust Remote Access solution available, enabling access to hosted applications and infrastructure without legacy VPNs or firewall/DNS changes. Led by CEO Jayanth Gummaraju, Banyan plans to invest further in product innovation and expand into new markets and territories. The company intends to use new funding to increase sales and marketing efforts as well as continue product enhancements. Banyan Security provides a Zero Trust Remote Access platform that grants secure remote access to corporate resources hosted in hybrid and multi-cloud environments. The platform reduces attack surface, eliminates lateral movement, and prevents unauthorized access by authenticating and authorizing both users and devices before granting granular least-privilege access to applications and servers. Banyan leverages TrustScoring powered by machine learning to evaluate trust and enforce access controls. Its solution is used by enterprises across healthcare, manufacturing, and technology verticals. The company intends to use new funding to grow operations, develop its solutions, and expand its business reach.

Total raised

$47M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2022