$15M in new financing completes $42M A Round
Seasoned cyber veteran Chad Kinzelberg joins Board
IONIX, a leader in Attack Surface Management (ASM), announced it has completed its $42 million A Round financing by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). Total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.
IONIX will use the funds to accelerate go-to-market activities, development of its product roadmap and to expand the Threat Exposure Management capabilities of its industry-leading Attack Surface Management solution. This will further advance the company’s platform and give enterprises a unified view of critical exposures from the complete enterprise attack surface across cloud, on-premises, SaaS and digital supply chains.
“Security leaders at global companies recognize that more digital assets mean more security risks, and it’s impossible to fix everything,” said Marc Gaffan, CEO of IONIX. “Our mission is to give them the widest possible view of their attack surface looking from the outside in, like an attacker would. Then we focus on their critical exposures to help them effectively prioritize. The strong market uptake we have experienced underscores both the important nature of this problem and the value our solution brings to our customers.”
Using the IONIX platform, security teams can visualize and prioritize hundreds of attack surface threats – even deep into their digital supply chains – into a manageable set of specific, actionable insights. One-click workflows enable clear next steps, greatly simplifying and accelerating remediation, while also improving cost and efficiency for security teams. Customers of IONIX discover up to 50% more assets and greatly reduce MTTR (Mean Time to Resolution) of threats.
The company’s new board member Chad Kinzelberg has extensive experience in cybersecurity. He was senior vice president of Corporate and Business Development at Palo Alto Networks from pre-IPO to 2018. Previous roles at Verisign’s cybersecurity business and as CEO of Santa Cruz Networks make him an ideal candidate to help support IONIX’s success.
“The Attack Surface Management market holds immense potential, and I see IONIX as an innovator within it. As ASM shifts from niche to mainstream, IONIX is leading the next generation by focusing on what customers really need – advancing from simple asset discovery to exploitability-based prioritization – using proprietary technologies like their ‘Connective Intelligence’,” said Kinzelberg. “I have a lot of confidence in the product, the team and the market opportunity.”
Learn more about IONIX continuous Threat Exposure Management online.
Credit: Rami Katzav
