February 6, 2024 at 05:32PM
IONIX has completed its $42 million A Round financing, including $15 million from new investor Maor Investments, expanding its total funding to $50.3 million. The funding will be used to accelerate market activities, develop product roadmap, and enhance Threat Exposure Management capabilities. Cyber veteran Chad Kinzelberg joins the board to support the company’s success.
Key Takeaways from the Meeting Notes:
– IONIX, a leader in Attack Surface Management (ASM), has completed a $42 million A Round financing, with an additional $15 million in funding from new investor Maor Investments and participation from existing investors Hyperwise Ventures, Team8, and U.S. Venture Partners (USVP). This brings the total funding to date to $50.3 million.
– Cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors, bringing extensive experience in cybersecurity, including roles at Palo Alto Networks and Verisign’s cybersecurity business.
– The company plans to use the funding to accelerate go-to-market activities, develop its product roadmap, and expand the Threat Exposure Management capabilities of its industry-leading Attack Surface Management solution.
– IONIX aims to give enterprises a unified view of critical exposures from the complete enterprise attack surface across cloud, on-premises, SaaS, and digital supply chains.
– Using the IONIX platform, security teams can visualize and prioritize hundreds of attack surface threats, enabling clear next steps and greatly simplifying and accelerating remediation.
– The addition of Chad Kinzelberg to the board underscores the company’s focus on advancing from simple asset discovery to exploitability-based prioritization.
– Maor Investments, a Luxembourg-based venture capital fund, has become a new investor in IONIX, exclusively investing in Israeli technology companies and aiming to build a business bridge between Israeli startups and the European market.