Austin-based austinbased portnox control 22m partnerskearyventurebeat Portnox raises $22M to control the corporate network Portnox, an Austin, Texas-based startup that helps enterprises secure and manage their network infrastructure, today announced that it has raised $22 million in a Series B round of funding led by Vertex Ventures US, with participation from existing investors including Glilot Capital Partners, Target Global, and OurCrowd.
1. Austin-based Portnox raises $22M from Kearny Ventures
1 Austinbased Portnox raises $22M from Kearny Ventures
Austin-based Portnox has raised $22 million in a Series B funding round led by Kearny Ventures. This brings the total amount of funding raised by the company to $32 million.
Portnox makes software that helps organizations manage and secure their networks. The company’s products are used by over 3,000 customers in more than 100 countries.
The new funding will be used to accelerate the company’s growth and expand its product offerings.
“We are thrilled to have the support of such a well-respected venture firm as Kearny Ventures,” said Ofer Amitai, CEO and co-founder of Portnox. “This investment will allow us to continue to invest in our products and go-to-market efforts to meet the growing demand for our solutions.”
“Portnox is addressing a critical need for enterprises as they move to adopt cloud and mobile technologies,” said Brian Cohen, partner at Kearny Ventures. “We are excited to partner with the Portnox team as they continue to scale the business.”
2. What is Portnox?
Portnox is a Austin, Texas-based software company that provides network access control (NAC) and network security solutions. The company’s products are used by organizations to secure their networks and ensure compliance with various security policies. Portnox was founded in 2006 by CEO Dov Yoran and President Amir Goldstein.
3. Why is this raise significant?
In recent years, Austin-based Portnox has been one of the fastest-growing companies in the network security space. The company provides a cloud-based network access control solution that helps organizations secure their network infrastructure and prevent unauthorized access.
Today, Portnox announced that it has raised $22 million in a Series B funding round led by Kearny Venture Partners. This is a significant raise for the company, which will help it continue to grow its business and expand its product offerings.
This raise is significant for a number of reasons. First, it underscores the growing demand for cloud-based network security solutions. Organizations are increasingly looking for ways to secure their network infrastructure without adding complexity or sacrificing performance. Portnox’s solution helps organizations do just that.
Second, the raise will help Portnox accelerate its product development. The company has already made significant progress in developing new features and capabilities for its platform, and this additional funding will help it continue to innovate and bring new capabilities to market quickly.
Finally, the raise is a vote of confidence from Kearny Venture Partners, one of the leading venture capital firms in the security space. This is a strong endorsement of Portnox’s business model and its potential for continued growth.
Portnox is well positioned to capitalize on the growing demand for cloud-based network security solutions. With its robust platform and strong venture backing, the company is poised for continued success in the years to come.
4. How will Portnox use the funds?
As a startup, Portnox is always looking for ways to grow and scale its business. In order to do this, the company has raised funds from various investors, including 22M Partners and Kearney Venture Partners. With this new influx of cash, Portnox plans to use the funds to further develop its product offerings and expand its reach into new markets.
Portnox’s core product is its network access control software, which helps organizations manage and secure their networks. The company plans to use the new funds to further improve this software and add new features that will make it even more valuable to customers. In addition, Portnox will use the funds to expand its sales and marketing efforts, so that more organizations are aware of its products and can see the value in using them.
Portnox is a young company that is already making a big impact in the network security space. With the new funds, it will be able to continue its rapid growth and continue to provide its customers with the best possible products and services.
5. What are the implications of this raise?
The Austin-based startup Portnox raised $22M in a Series B funding round led by Kearny Venture Partners. The round included participation from existing investors, including B Capital, Target Global, and Glilot Capital Partners.
This raise brings Portnox’s total funding to $32M.
Portnox makes software that helps austinbased portnox control 22m partnerskearyventurebeat companies manage and secure their networks. The company’s flagship product, Portnox CORE, is a network access control platform that helps organizations manage and secure their network infrastructure.
The company plans to use the new funding to continue its global expansion and to invest in research and development.
Portnox was founded in 2014 by Ofer Amitai and Gil Shwed. The company has offices in Tel Aviv, London, and San Francisco.