Twingate

Twingate is the developer-friendly insurgent in the structural migration away from corporate VPNs — its zero-trust network access product replaces flat-network VPN access with least-privilege, identity-aware connections to individual resources, using lightweight connectors that require no inbound ports or public gateway, which eliminates the attack surface that made legacy VPNs the recurring source of enterprise breaches. That is the right side of a large, fast-growing market: ZTNA is projected to compound at roughly 25% annually toward $4B+ by 2030, and the tailwind is durable because distributed and remote-first work is not reverting. Twingate's edge is operational simplicity — rapid deployment, clean identity-provider integration, split-tunnel routing, and centralized policy — which wins exactly the SMB and mid-market buyers underserved by the heavyweight SASE suites, a beachhead from which to expand upward. The cap table reflects unusual conviction for its stage: a $42M Series B led by BOND (2022, ~$67M total) with backing from 8VC, WndrCo, SignalFire, and Dropbox founders Drew Houston and Arash Ferdowsi, operators who know how bottom-up infrastructure adoption compounds. In a market where the pain (VPN breaches, VPN complexity) is acute and the incumbents are enterprise-heavy and expensive, a lightweight, affordable, developer-loved ZTNA product has a real lane to build a durable business or become an attractive acquisition for a platform vendor needing a modern ZTNA layer.