Startups

This infrastructure protection firm raised a $7.2M Series A

Xona Systems plans to use this funding, which also enabled two people to join its board, to expand its international footprint.

Money, money and more money.

(Photo by Pixabay user nattanan23, used under a Creative Commons license)

Annapolis-based Xona Systems today announced that it raised $7.2 million in its Series A, with plans to put the funds toward expansion in over 25 countries across the world.

The company provides clients a secure way to remotely access control systems for critical infrastructure. The company’s services have become increasingly relevant in the years since its 2017 founding, as more people work remotely and infrastructural management becomes more digital.

“There are countless reasons professionals running oil rigs in the middle of the ocean, manufacturing plants meeting high demand, water treatment facilities serving large populations and other critical facilities need 24/7 access,” said Bill Moore, Xona Systems’s founder and CEO, in a statement. “But providing that access has traditionally been complex and fraught with security issues — that’s why we built XONA.”

The funding round was led by DataTribe Opportunities Fund with participation from TFX Capital and unnamed individual investors. Investors saw the value in the company’s proprietary protocol isolation and zero-trust architecture, which allows companies like General Electric to use one online portal to connect to operational technology from anywhere without fear of cyber threats.

Xona has doubled its workforce this year and plans to continue that growth. The company has also added Mike Janke, DataTribe Opportunities Fund’s managing director, and Jeff Williams, former chief revenue officer at FireEye (for which Moore also once worked), to the board of directors.


Donte Kirby is a 2020-2022 corps member for Report for America, an initiative of The Groundtruth Project that pairs young journalists with local newsrooms. This position is supported by the Robert W. Deutsch Foundation. -30-
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