Banyan Security
Banyan Security, founded in 2015 in San Francisco, provided a device-centric Security Service Edge (SSE) and Zero Trust Network Access (ZTNA) platform enabling secure access for enterprise hybrid and remote workforces. The company was acquired by SonicWall in January 2024 and no longer operates independently.
- Company typePrivate
- Founded2015
- HeadquartersSan Francisco, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Banyan Security does
Banyan Security was a San Francisco-based cybersecurity vendor founded in 2015 that built a device-centric Security Service Edge (SSE) platform, with Zero Trust Network Access (ZTNA) as its core technology. The platform was designed to replace traditional perimeter-based security for modern, distributed workforces by enforcing continuous verification and least-privilege access across user-to-application, application-to-application, and user-to-internet communications. Its underlying architecture emphasized device identity and posture as the primary trust signals, enabling secure access for remote and hybrid workers without legacy VPN dependencies.
The company served enterprise customers operating hybrid IT environments, selling a cloud-delivered zero-trust platform into accounts where traditional perimeter-based security had become inadequate. Pricing and revenue mechanics were not publicly disclosed, and the company did not list named customer logos in the available data. Headcount at acquisition is estimated at 51–100 employees, and total disclosed equity funding across seed, Series A, and Series B rounds totaled roughly $47.3 million from investors including Unusual Ventures, Shasta Ventures, Third Point Ventures, Alter Venture Partners, Susquehanna International Group, DHVC, and the StartX (Stanford-StartX Fund).
In January 2024, Banyan Security was acquired by SonicWall, a US-based cybersecurity firm owned by Francisco Partners, to strengthen SonicWall's zero-trust and SSE portfolio for remote and hybrid work environments. Following the transaction, the company's standalone website (banyansecurity.io) ceased to resolve, indicating full operational integration into SonicWall. Banyan no longer operates as an independent entity; its technology and product roadmap are now governed by SonicWall's strategic priorities, channel, and distribution footprint.
Banyan Security firmographics
Firmographics- Name
- Banyan Security
- Website
- https://banyansecurity.io
- Company type
- Private
- Founded year
- 2015
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Banyan Security, founded in 2015 in San Francisco, provided a device-centric Security Service Edge (SSE) and Zero Trust Network Access (ZTNA) platform enabling secure access for enterprise hybrid and remote workforces. The company was acquired by SonicWall in January 2024 and no longer operates independently.
- Ownership category
- akta.pro rank
Banyan Security industry classification
Industry- Product category
- Network Security Software
- NAICS
- Security Systems Services (56162), Security Systems Services (except Locksmiths) (561621)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Secure Access Service Edge (SASE) & SSE (HDADABAB)
- akta.pro secondary industries
- Software-Defined Perimeter (SDP) / Zero Trust Network Access (ZTNA) (HDADABAC), Access Management & Policy Enforcement (Authorization, ZTNA integration) (HDAEAJAG), Network Security Services (Firewall/VPN/ZTNA/SASE Integration) (BPAEAEAG)
Keywords
Where Banyan Security is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Markets served
Banyan Security business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Banyan Security product offering
Product offeringCore offering
Banyan Security provided a device-centric Security Service Edge (SSE) platform built on Zero Trust Network Access (ZTNA) that delivered secure access for the modern workforce to applications and resources. The platform enabled continuous, identity- and device-aware policy enforcement across user-to-app, app-to-app, and user-to-internet communications, replacing traditional perimeter-based VPN approaches for hybrid and remote work.
Product overview
Banyan Security was a unified security platform specializing in security service edge (SSE) solutions that facilitated zero-trust implementation. The company's product portfolio centered around Zero Trust Network Access (ZTNA) capabilities, providing cloud-based security across user-to-app, app-to-app, and user-to-internet communications. The company was acquired by SonicWall in January 2024 to strengthen SonicWall's zero trust and Secure Service Edge capabilities for remote and hybrid work environments.
Differentiator
Problem solved
Functional benefit
Products and services
- Security Service Edge (SSE) Solutions
Companies that use Banyan Security
Customer profileIdeal customer profiles2 records
Banyan Security technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Banyan Security partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights3 records
Banyan Security competitors and assessment
Company assessmentDirect peers
- Zscaler: Zscaler is the category-leading SSE/ZTNA platform, offering cloud-native secure access across user-to-app, app-to-app, and user-to-internet traffic. It is the most direct competitor to Banyan's core SSE positioning and represents the benchmark the acquisition was designed to compete against.
- Netskope: Netskope provides a unified SSE/SASE platform with ZTNA, CASB, SWG, and DLP capabilities. Its overlapping coverage of user-to-app, app-to-app, and user-to-internet traffic makes it directly comparable to Banyan's product scope.
- Cloudflare (Cloudflare One): Cloudflare One is a network-driven SSE/SASE platform built on Cloudflare's global edge, offering ZTNA, SWG, CASB, and DLP. It competes head-to-head with Banyan in developer-friendly and mid-market zero-trust deployments.
- Cato Networks: Cato Networks delivers a single-pane-of-glass SASE platform combining SD-WAN with full SSE capabilities including ZTNA. Its converged networking-plus-security approach directly mirrors Banyan's integrated user-to-app and app-to-app coverage.
- Twingate: Twingate is a ZTNA specialist focused on developer-friendly, lightweight zero-trust access for distributed workforces. Its product positioning and target buyer overlap materially with Banyan's pre-acquisition go-to-market.
- Perimeter 81: Perimeter 81 (acquired by Check Point) delivered a unified SASE/ZTNA platform targeting mid-market and SMB customers. It is a near-direct comparable to Banyan in product scope and target segment, and its acquisition by a strategic acquirer parallels Banyan's exit.
- Appgate: Appgate provides a ZTNA platform built on zero-trust segmentation and Software-Defined Perimeter principles. Its pure-play ZTNA focus and product overlap make it a direct peer to Banyan's device-centric zero-trust approach.
Broad incumbents
- Palo Alto Networks (Prisma Access): Palo Alto Networks offers Prisma Access as a comprehensive SASE/ZTNA solution as part of its broader security platform. It is a broad incumbent whose zero-trust offering overlaps fully with Banyan's feature set, with far greater scale and enterprise reach.
- Cisco (Duo Security): Cisco's Duo Security provides identity-centric zero-trust access and MFA, integrated with broader Cisco Secure Access offerings. As a broad incumbent, it competes with Banyan on ZTNA while leveraging Cisco's enterprise networking and security portfolio.
Emerging players
- Okta: Okta is primarily an identity platform but has expanded into zero-trust access via Okta Workforce Identity and Device Trust. Its identity-first adjacency makes it a partial competitor in the ZTNA space, particularly for identity-driven access decisions.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Banyan Security social profiles
Digital presenceBanyan Security financial estimates
Financial estimateRevenue estimate
Valuation estimate
Banyan Security leadership team
Management profileNumber of profiles
Profiles9 records
Banyan Security funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Banyan Security M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Banyan Security
What does Banyan Security do?
Banyan Security provided a device-centric Security Service Edge (SSE) platform built on Zero Trust Network Access (ZTNA) that delivered secure access for the modern workforce to applications and resources. The platform enabled continuous, identity- and device-aware policy enforcement across user-to-app, app-to-app, and user-to-internet communications, replacing traditional perimeter-based VPN approaches for hybrid and remote work.
Is Banyan Security a public or private company?
Banyan Security is a private company. It is classified as corporate owned and is currently acquired.
When was Banyan Security founded?
Banyan Security was founded in 2015. It employs 51 to 100 people.
Where is Banyan Security based?
Banyan Security is headquartered in San Francisco, United States, in the North America region.
Who are Banyan Security's main competitors?
Direct peers on record are Zscaler, Netskope, Cloudflare (Cloudflare One), Cato Networks, Twingate, Perimeter 81 and Appgate. Broad incumbents are Palo Alto Networks (Prisma Access) and Cisco (Duo Security). Okta is listed as an emerging player.
Does Banyan Security have an API?
No public API is recorded for Banyan Security.
What industry is Banyan Security in?
Banyan Security's product category is Network Security Software. Its primary akta.pro industry code is HDADABAB, Secure Access Service Edge (SASE) & SSE, with a secondary code of HDADABAC, Software-Defined Perimeter (SDP) / Zero Trust Network Access (ZTNA). Its NAICS code is 56162 and its SIC code is 7371.