Fyde, a cybersecurity company innovating in secure remote access solutions, successfully closed its second funding round supported by Draper Nexus and Vertex Ventures.

Target Information

Fyde is a pioneering cybersecurity company that specializes in advancing secure remote access solutions for organizations that utilize hybrid architectures, including both cloud and on-premise systems. The company has developed an innovative platform that merges traditional VPN functionalities with cutting-edge Zero Trust Security principles, ensuring that all users are authenticated and have verified access to servers. This supports organizations in overcoming the inefficiencies typically found in remote access frameworks, which are increasingly vital in today's decentralized working environment.

Founded two years ago, Fyde has been dedicated to enhancing its product offerings through rigorous engineering efforts based in Oporto. Its solutions are designed to address the growing concerns surrounding data breaches for both the company and its clients, making Fyde a timely ally for businesses navigating the complexities of secure data access.

Industry Overview

The cybersecurity industry in Portugal has experienced significant growth in recent years, driven by the increasing dependence on digital solutions and the subsequent rise in security threats. As organizations shift towards hybrid