Portnox, an Austin, Texas- and Tel Aviv, Israel-based proven leader in cloud-native network and endpoint security solutions, announced the close of a $22 million Series A round of growth financing led by Elsewhere Partners.

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: Access Layers Ltd.

Raised: $22.0M

Round: Series A

Funding Month: January 2022

Lead Investors: Elsewhere Partners

Additional Investors: 

Company Website: https://www.portnox.com/

Software Category: Cloud-native network and endpoint security solutions

About the Company: 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 devices 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. 

Source: https://www.portnox.com/news/portnox-closes-22m-series-a-with-elsewhere-partners/