logo
logo

Portnox Closes $22 Million Series A To Make Cloud-Native Network &Amp; Endpoint Security A Reality For The Midmarket

Jan 27, 2022•over 3 years ago

Amount Raised

$22 Million

Round Type

series a

Austin

Description

Portnox, a proven leader in cloud-native network and endpoint security solutions, today announced the close of a $22 million Series A round of growth financing led by Elsewhere Partners. Under the leadership of recently appointed CEO Denny LeCompte, an accomplished technology veteran and Elsewhere Partners operating advisor, Portnox plans to use the capital to substantially expand its team and speed global market penetration with a focus on mid-market organizations after establishing its new global headquarters in Austin, Texas. The primary focus for the North American expansion will be building out the operations, sales, marketing and customer success teams.

Company Information

Company

Portnox

Location

Austin, Texas, United States

About

Portnox offers cloud-native network and endpoint security essentials that enable agile, resource-constrained IT teams to proactively address today’s most pressing security challenges: the rapid expansion of enterprise networks, the proliferation of connected device types, and the increased sophistication of cyberattacks. Hundreds of companies have leveraged Portnox’s award-winning security products to enforce powerful network access, endpoint risk monitoring and remediation policies to strengthen their organizational security posture. By eliminating the need for any on-premises footprint common among traditional information security systems, Portnox allows companies - no matter their size, geo-distribution, or networking architecture - to deploy, scale, enforce and maintain these critical security policies with unprecedented ease. Portnox has offices in the U.S. and Israel. For information visit www.portnox.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People