Conceal Secures $26 Million in Series B Funding Led by Two Bear Capital
Conceal Secures $26 Million in Series B Funding
Conceal, a trailblazer in the field of browser-native Security Service Edge (SSE) and proxy-less Zero Trust Network Access (ZTNA), recently announced the successful completion of a $26 million Series B funding round, led by Two Bear Capital. This round also saw continued backing from strategic partners Allegis Cyber and Gula Tech Adventures.
The newly acquired funds are expected to significantly enhance Conceal's product development velocity, enable efficient go-to-market strategies, and facilitate team expansion, thereby supporting the company in its pursuit of delivering trusted access and in-browser security to employees and third-party contractors, regardless of their location.
Eric Cornelius, CEO of Conceal, expressed enthusiasm regarding the investment, stating, "We are thrilled to have Two Bear Capital lead this newest investment in our vision to change the way organizations reach their zero-trust and browser security goals. For years, organizations have relied on inefficient methods of delivering secure access and browser protection, often leaving gaping holes that attackers could exploit. Our direct approach to zero trust and in-browser security finally delivers on the promise of tech-stack consolidation, driving out complexity, cost, and friction."
Mike Goguen, Founder and Managing Partner at Two Bear Capital, praised Conceal's innovative approach, stating that it represents a major shift in the way enterprises manage secure access. He pointed out that the company's solution faces one of the most significant challenges in cybersecurity: simplifying secure connectivity without compromising control, making it easier for businesses to scale operations in line with contemporary work patterns. Goguen concluded, "Conceal is a great addition to the Two Bear Capital portfolio, and we look forward to collaborating with its leadership team to support the company's dynamic growth."
This substantial investment comes at a critical time when many organizations are reconsidering their dependence on outdated VPNs, proxies, and cloud-based SSE solutions that contribute to latency, increased costs, and operational difficulties. Conceal's browser-native approach is pioneering a trend towards lightweight, direct-to-browser security alternatives.
The Conceal Approach: Revolutionizing Security
Historically, most organizations have juggled two convoluted technology stacks to maintain connectivity and security. Many cybersecurity vendors focus solely on unifying their security stack, often overlooking the connectivity stack, which is frequently a major source of complexity and expense.
Conceal addresses this gap with its Browser-Native SSE Platform, allowing companies to unify both their connectivity and security into a single solution. This integration enables them to reallocate budgets and resources toward other critical initiatives.
Utilizing advanced in-browser technology, Conceal facilitates direct application connections without the need for complex connectivity solutions such as VPNs, VDIs, or proxies. Unlike typical