Fierce Telecom reports that secure access service edge developer Versa Networks has secured an additional $120 million in a funding round, bringing its total investment to date to $316 million.
The company plans to use the funds on new SASE innovations as well as global expansion, partner procurement and workforce expansion, according to CEO Kelly Ahuja.
Chief Development Officer Kumar Mehta says that Versa will specifically focus on developing new products that target holistic cloud security, secure predictive networking and extending zero trust network access technology to other areas in the enterprise infrastructure, such as local area networks.
Artificial intelligence and machine learning will also be a focus, according to Mehta, specifically, creating technologies that make the networks self-healing and secure by automatically foreseeing, troubleshooting and fixing the prioritized issues. We will bring bleeding edge graph AI-based anomaly detection to our customers.
Versa will develop cloud workload protection, cloud security posture management, cloud native application protection platforms and SaaS security posture management. This provides risk assessment and investigation, as well as governance, added Mehta.
U.S. critical infrastructure organizations have been noted by the Department of Homeland Security to be at risk of cyberattacks leveraging artificial intelligence, with China and other nation-states exploiting the technology to deploy more advanced malware attacks and influence operations, CyberScoop reports.
Cyberattack compromises Progressive Leasing data Major U.S. consumer product leasing firm Progressive Leasing has disclosed that some of its systems have been impacted by a cyberattack that resulted in the significant compromise of personally identifiable information belonging to its customers and other individuals, according to The Record, a news site by cybersecurity firm Recorded Future.