Portnox, an Austin, Texas- and Tel Aviv, Israel-based provider of cloud-native network and endpoint security solutions, closed a $22m Series A growth financing.
The round was led by Elsewhere Partners. In conjunction with the funding, John Thornton and Nick Stoffregen of Elsewhere Partners will also join the Board alongside Idera Inc. CEO Randy Jacops.
The company intends to use the capital to expand its team and speed global market penetration with a focus on mid-market organizations after establishing its new global headquarters in Austin, Texas.
Led by CEO Denny LeCompte, Co-founder and CTO Ofer Amitai, founder Idan Kuperman, head of customer experience, Portnox offers cloud-native network and endpoint security essentials that enable agile, resource-constrained IT teams to proactively address security challenges such as 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 security products to enforce network access, endpoint risk monitoring and remediation policies to strengthen their organizational security posture. The company has offices in the U.S. and Israel.
FinSMEs
27/01/2022
About Portnox
About Elsewhere Partners
Elsewhere Partners is a growth-stage investment firm that invests in Elsewhere Outliers – business software companies that are located outside of traditional venture capital hubs and have achieved substantial customer traction and revenue growth without significant outside funding. Elsewhere Partners combines transitional capital with transformational expertise to help companies achieve exit readiness on their own terms. To learn more, visit www.elsewhere.partners.
Contacts
Erica Camilo
Connexa Communications
1.610.639.5644
[email protected]