Wells Fargo Ventures has exited zero-access security tool developer Fyde, which had raised at least $5.3m in funding.
Fyde, a US-based application security software producer backed by financial services firm Wells Fargo, has been acquired by cybersecurity and data protection software provider Barracuda for an undisclosed sum.
Founded in 2017, Fyde markets a software platform that protects access to a client’s apps by only granting authorisation to each tool for employees who need it to perform their duties: a model known as zero-trust security. It has an office in Portugal in addition to its Palo Alto headquarters.
Barracuda…
