VIA Secures $28 Million in Series B Funding
VIA, a leading provider of high-security data and identity protection platforms for governments and enterprises, has announced the successful closing of its $28 million Series B funding round. The round was significantly oversubscribed and included investments from prominent venture capital firms.
Investor Highlights
The investment round was led by Bosch Ventures and included participation from BMW i Ventures, MassMutual Ventures, and Sentinel Global, alongside existing investors like Westly Group. These investors bring extensive experience and strategic value, solidifying VIA’s position within the cybersecurity landscape.
Addressing Key Cybersecurity Challenges
VIA’s platform is designed to address critical data protection concerns, particularly those related to data movement, insider threats, and the growing need for quantum resistance. The platform utilizes a decentralized, zero-trust architecture, which has been rigorously evaluated and tested by the U.S. Department of Defense.
Technology and Features
VIA’s technology focuses on decentralized identity management coupled with end-to-end quantum-resistant encryption. This approach ensures secure access and privacy for authorized users, providing enterprise-scale auditability and control. Unlike traditional cybersecurity approaches that often focus on network boundaries and passwords, VIA addresses vulnerabilities like social engineering and administrator attacks.
“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,” stated Colin Gounden, co-founder and CEO of VIA. “This funding will accelerate adoption of the world’s first military-grade Web3 data protection platform by large enterprise customers.”
Investor Perspectives
Adam Jackson, a partner at Bosch Ventures, emphasized the importance of this technology. “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.”
Kate Ravanis, COO and co-founder, added, “Unlike any other Web3 technologies, our quantum-secure, passwordless solutions can be deployed quickly in a variety of the most demanding environments and our entire software stack is checked 24/7 for vulnerabilities. The level of data and identity protection required from our work in demanding environments at the DoD will help set a new standard in the civilian agency and enterprise market.”
Kasper Sage of BMW i Ventures commented on the potential for the platform in an increasingly connected world. “As software-defined vehicles, robots, and edge devices become the norm, securing data flows between sensors, onboard systems, agents, and external networks is more critical than ever. VIA is paving the way for real-time communication across trusted systems and safer, more resilient mobility solutions.”
Charles Svirk, Partner at MassMutual Ventures, concluded, “We have extensive knowledge of sensitive, regulated data and have been long-time investors in enterprise infrastructure, fintech, and security software. VIA’s solutions stand out with their decentralized Web3, quantum-resistant architecture by powering seamless interoperability across software connections and hardware endpoints. We look forward to supporting VIA’s enterprise growth through MassMutual’s connections in the energy, real estate and infrastructure sectors.”
