Fundraising Fox

Xage Security

Palo Alto, US · Delaware corporation · 9 known investors

xage.com ↗

Xage builds zero trust access and security solutions to protect critical infrastructure systems and prevent cyberattacks. The company serves organizations across energy, manufacturing, logistics, and the public sector.

CybersecurityEnterprise SoftwareIoTSaaS

Founders & leadership

RARoman Arutyunov
Roman ArutyunovinCo-founder
SI
Susanto IrwaninCo-founder
S
Sriin
DGDuncan Greatwood
Duncan GreatwoodinExecutive
DE
Dorea El-SayedNamed on SEC filing
NT
Norman ThorlaksonNamed on SEC filing

Board

MGMark Gudiksen
Mark GudikseninInvestor and Board MemberManaging Partner at Piva Capital
MDMichael Dolbec
Michael Dolbecin𝕏Board Member2022–2023Managing Partner, Momenta at The Hive
SM
Sumant MandalBoard director

Investors · 9

City LightNew York · $1M – $6M
March Capital PartnersSanta Monica
Momenta VenturesLucerne
Piva CapitalSan Franciscovia Mark Gudiksen · board
The HiveSanta Monica · $1.5M – $3M
Aramco Venturesreported
Hive Global AIreportedPalo Alto
PETRONAS VenturesreportedKuala Lumpur
Saudi Aramco Energy Venturesreported

Reported raises · per SEC filings

Form D private placements

$72M disclosed across 4 rounds · 2018–2025

▶$14.8MraisedMar 2026 · 52 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Geoffrey MattsonExecutive Officer
  • Sumant MandalDirector
  • Susanto IrwanExecutive Officer, Director
  • Mark GudiksenDirector
  • Duncan GreatwoodExecutive Officer, Director
Offering amount
$15.1M
Amount sold
$14.8M
First sale
Dec 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$15.4MraisedNov 2023 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Susanto IrwanExecutive Officer, Director
  • Geoffrey MattsonExecutive Officer, Director
  • Mark GudiksenDirector
  • Duncan GreatwoodExecutive Officer, Director
  • Sumant MandalDirector
Offering amount
$25M
Amount sold
$15.4M
First sale
Nov 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$25.3MraisedDec 2021 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dorea El-SayedExecutive Officer
  • Duncan GreatwoodExecutive Officer, Director
  • Mark GudiksenDirector
  • Michael DolbecDirector
  • Norman ThorlaksonExecutive Officer
  • Roman ArutyunovExecutive Officer
  • Sumant MandalDirector
  • Susanto IrwanExecutive Officer, Director
Offering amount
$34M
Amount sold
$25.3M
First sale
Dec 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$16.5MraisedOct 2018 · 15 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dana MoralyExecutive Officer
  • Susanto IrwanDirector
  • T. M. RaviExecutive Officer
  • Kamesh RaghavendraDirector
  • Sumant MandalDirector
  • Duncan GreatwoodExecutive Officer, Director
Offering amount
$21.1M
Amount sold
$16.5M
First sale
Jun 2018
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 7

by search overlap
Palo Alto Networks81 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
BeyondTrust (Bomgar Corporation)80 shared keywordsBeyondTrust provides privilege-centric identity security through its Pathfinder platform, helping organizations manage privileged access and defend against external attacks and insider threats. Its products cover the identity attack surface for enterprise customers, including AI agent security.
Netezza75 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
strongDM63 shared keywordsStrongDM provides privileged access management and identity governance for infrastructure across cloud, on-premises, and hybrid environments. The platform centralizes access control, enforces zero standing privileges, and enables just-in-time provisioning for teams managing critical systems.
Sentinel One58 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Crowdstrike58 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Delinea (FKA Centrify Corporation)48 shared keywordsDelinea provides an identity security control plane that enables real-time, context-aware access decisions across multi-cloud and on-premises environments for enterprises. The platform helps security teams govern access to data, infrastructure, and AI systems while automating privilege management and risk evaluation.

Companies competing with Xage Security for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 7 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2023$3.9M
U.S. Air ForceAir ForcePhase II2021$746.2K
Department of EnergyPhase I2021$199.4K
U.S. Air ForceAir ForcePhase II2020$743K
U.S. Air ForceAir ForcePhase I2020$49.6K
U.S. Air ForceAir ForcePhase I2020$48K
Department of EnergyPhase I2019$199.7K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Sell or Invest in Xage Security Stock Pre-IPOnasdaqprivatemarket.com · Apr 2025Xage Raises $20M in Fundingfinsmes.com · Nov 2023Xage Security raises $20M more to expand its security platform | TechCrunchtechcrunch.com · Nov 2023Zero-trust security startup Xage raises $30M funding round - SiliconANGLEsiliconangle.com · Jan 2022Xage Security Raises Strategic Investment from Saudi Aramco Energy Ventures to Continue Momentum in Energy Sectorglobenewswire.com · Dec 2018Xage Security Raises $12 Million To Expand Security For Industrial IoT Worldwideglobenewswire.com · Jul 2018

Frequently asked questions

What does Xage Security do?
Xage builds zero trust access and security solutions to protect critical infrastructure systems and prevent cyberattacks. The company serves organizations across energy, manufacturing, logistics, and the public sector.
Who founded Xage Security?
Xage Security was founded by Roman Arutyunov, Susanto Irwan.
Who are Xage Security's investors?
Xage Security's investors include City Light, March Capital Partners, Momenta Ventures, Piva Capital, The Hive, Aramco Ventures, Hive Global AI, PETRONAS Ventures and 1 more.
How much funding has Xage Security raised?
Xage Security has disclosed $72M raised across 4 rounds.
Where is Xage Security headquartered?
Xage Security is headquartered in Palo Alto, US.