Home News Axis Security Raises US$17 Million Funding, Emerges from Stealth

Axis Security Raises US$17 Million Funding, Emerges from Stealth

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Axis Security Raises US$17 Million Funding, Emerges from Stealth
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Axis Security, a private application access provider recently emerged from stealth mode and raised a total of US$17 million in a funding round led by Cyberstarts along with other investors like Sequoia Capital, Palo Alto Networks, Check Point, and Imperva.

Founded by Dor Knafo and Gil Azrielant, the California-based startup stated that the new funding will help the company launch its cloud-native security and analytics platform that offers organizations simple and secure control of private application access. Axis Security claims that its Application Access Cloud platform was built on a zero-trust approach and offers a new agentless model that solves the issue of implicitly open network access and removes the pain points of network-based security associated with Virtual Private Networks (VPNs).

Commenting on the new funding, Dor Knafo, co-founder and CEO of Axis Security, said, “Axis Security is helping to solve one of the most complex security challenges for IT teams. Enabling access to the basic tools of digital transformation should not be one of the biggest risks an organization takes. We’re giving IT teams what they’ve been lacking when it comes to applications and that is a single managed solution for access, security, control, and scalability without the complexity.”

Curtis Simpson, Chief Information Security Officer at Axis Security, said, “This new zero trust solution from Axis offers a modern solution to a modern problem. It enables organizations to truly monitor and manage third-party risk and is a true enabler to move users from a generally flat network to a better, more secure experience with nothing more than an internet connection. With new zero trust approaches that focus on secure application access, we are able to completely shift our strategy to securing our IT infrastructure, so that business can be accelerated, not brought to a halt. This is the way of the future.”

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