About Banyan Security
Banyan Security is a company based in San Francisco (United States) founded in 2015 was acquired by SonicWALL in January 2024. Banyan Security has raised $47 million across 2 funding rounds from investors including SonicWALL, Susquehanna and Third Point Ventures. The company has 21 employees. Banyan Security operates in a competitive market with competitors including Teleport, Cyolo, Kona, BastionZero and Twingate, among others.
- Headquarter San Francisco, United States
- Employees 21
- SectorsTechnology
- Website category Computers Electronics and Technology · Computer Security
- Email••••••••
- Phone•••• ••••
- Website banyansecurity.io
- Social LinkedIn X Facebook
- Acquired by SonicWALL (Jan 2024)
Funding Insights of Banyan Security
Banyan Security has successfully raised a total of $47M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $47M
- Total Rounds 2
- Last Round Series B — $30M
- First Round $17M
(Nov 2019)
- Investors Count 5
All 2 funding rounds of Banyan Security with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $30M | Series B | – | Third Point Ventures | |
| Nov 2019 | $17M | Series B | – | Shasta Ventures |
6 investors in total: 6 institutional.
Investors in Banyan Security
Banyan Security has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SonicWALL, Susquehanna and Third Point Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate-backed venture capital is focused on fintech and multiple sectors. | – | thirdpointventures.com | Menlo Park, United States | |
Venture capital firm investing in early stage startups | – | shasta.vc | Portola Valley, United States | |
Venture capital investments in software startups from pre-seed to Series A stages. | – | unusual.vc | - | |
Investments in tech startups are managed by Alter Venture Partners. | – | altervp.com | San Francisco, United States | |
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Firewall-based network security solutions are delivered for global networks. | 1991 | sonicwall.com | San Jose, United States |
Investor details for Banyan Security
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People of Banyan Security
5 people are tracked at Banyan Security (3 in leadership, 2 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Jayanth Gummaraju | Co-Founder & CEO | Leadership |
Andrew Urushima | Head of Finance | Leadership |
Bill Akerson | Senior Director of Demand Generation | Leadership |
Andrew McCarter | Sr. Product Manager | Team |
Carmen Bonfante Araque | Customer Success Engineer | Team |
Complete people profiles for Banyan Security
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Timeline of Banyan Security
4 dated milestones of Banyan Security across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Banyan Security is founded.
- Funding First funding round of $17.0M.
- Funding Latest funding round, Series B, of $30.0M.
- Exit Acquired by SonicWALL.
Competitors of Banyan Security
Banyan Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Teleport, Cyolo, Kona, BastionZero and Twingate, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goteleport.com | 2015 | Oakland, United States | $165.12M | 46 | Cloud-based open-source software is provided for access to computing resources. | |
| cyolo.io | 2019 | Tel Aviv, Israel | $85.2M | – | Connectivity management solutions for IoT applications are provided. | |
| heykona.com | 2018 | Los Angeles, United States | $5.12M | – | Employee engagement tools are provided for morale tracking and insights. | |
| bastionzero.com | 2017 | Boston, United States | $7.5M | 15 | Secure remote access to infrastructure is enabled via VPN solutions. | |
| twingate.com | 2019 | Redwood, United States | $59M | – | Cloud-based zero trust remote access solutions are provided for networks. | |
| logmeininc.com | 2003 | Boston, United States | – | 633 | Cloud-based remote access and unified communication solutions are provided. | |
| enclave.io | 2017 | Newport, United Kingdom | $1.65M | 5 | Provider of zero trust network access control solutions provider | |
| virnetx.com | 2005 | Zephyr Cove, United States | – | 25 | Application and other cyber security services are provided by VirnetX. |
Detailed competitors of Banyan Security
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Web traffic of Banyan Security
The website of Banyan Security (banyansecurity.io) receives about 10.1K visits a month and ranks #1,860,572 among all websites worldwide, #4,259 in Computer Security.
- Monthly visits10.1K
▼ 25.1% vs previous month
- Unique visitors4.7K
per month
- Global rank#1,860,572
among all websites
- Category rank#4,259
Computers Electronics and Technology · Computer Security
- Bounce rate41%
- Pages per visit1.6
- Average visit20 sec
- DevicesDesktop 59% · Mobile 41%
Websites whose visitors overlap most with Banyan Security. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
meriplex.sharepoint.com | meriplex.sharepoint.com | 100% | – | – | – |
sonicguard.com | sonicguard.com | 80% | – | #888,356 | – |
| cybersecuritydive.com | 80% | – | #364,210 | View details | |
| bitsight.com | 80% | 232.7K | #228,719 | View details | |
| upguard.com | 80% | 341.5K | #165,196 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Banyan Security
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- Audience overlap
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Latest news on Banyan Security
Complete news archive for Banyan Security
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Banyan Security
10 companies that operate in the same segment as Banyan Security (Cybersecurity & Data Protection), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 4,260 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud-based identity management and authentication are provided for enterprises. | 2009 | San Francisco, California, United States | USD 231.3 M | USD 2.92 B | 5,910 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Identity security solutions are provided to secure identities across infrastructures. | 1999 | Petah Tikva, Central District, Israel | USD 59 M | USD 1 B | 3,790 |
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Frequently Asked Questions about Banyan Security
Banyan Security was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Banyan Security is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Banyan Security is a funded company, having raised a total of $47M across 2 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Nov 2019.
Banyan Security has 21 employees.
Banyan was founded in 2015 in San Francisco, United States, and operates in the cybersecurity sector. A cloud-based platform is provided for zero trust secure access and authentication. Continuous enforcement of access policies is enabled through centralized management and distributed architecture. Policies are deployed based on combinations of user, device, and application contexts. Network-independent design and fine-grained controls are included in the offerings.
Banyan Security has 6 investors. Key investors include SonicWALL, Susquehanna, Third Point Ventures, Shasta Ventures, and Unusual Ventures.
Yes. Banyan Security was acquired by SonicWALL in January 2024.