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Co-Israeli Axis Security Raises $ 50 Million

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Israeli Zero Trust Network Access Company (ZTNA) Axis Security today announced the completion of a $ 50 million Series C funding round led by new investor Spark Capital, with participation from existing investors Canaan Partners, Ten Eleven Ventures and Cyberstarts. This latest round brings the total raised by Axis Security to date to $ 100 million.

With offices in Tel Aviv and San Mateo, Axis Security was founded by CEO Dor Knafo and CTO Gil Azreant as well as initial investor Gili Raanan.

Knafo said: “When the pandemic hit, the impact of working from anywhere was immediate and profound, and organizations trying to evolve legacy access technologies really struggled. Axis was well positioned and within months we were enabling secure remote access to hundreds of thousands of people. users and millions of connections. Application Access Cloud works as a logical overlay, dramatically reducing risk and greatly enhancing security. This technology has the ability to significantly reduce growing cyber threats such as those enabled by recent breaches of SolarWind and Microsoft mail servers. “

The company’s Axis Security Application Access Cloud provides enterprise access to replace several complex remote access technologies such as VPNs, virtual desktop infrastructure (VDI), and cloud access security broker services in line (CASB) by a simple platform without trust.

App Access Cloud has an architecture that makes it easier to deploy, use, and manage while providing more secure access – keeping users out of the corporate network and reducing risk by isolating applications. It enables more use cases than any other ZTNA solution accommodating any application or user, as well as latency sensitive and multi-directional access scenarios. The Access Cloud App is a game-changer with a ZTNA solution that is finally able to completely replace and go beyond old VPNs, without replicating or modifying the existing network.

The latest investment will accelerate Axis’ product development and functionality speed, and expand go-to-market initiatives, including expansion of its direct sales team, channel partner support, integrations and partnerships with leading security information and event management, security orchestration, automation and response, identity management and endpoint security providers, among others.

Posted by Globes, Israel Business News – fr.globes.co.il – on March 21, 2021

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