Portnox, a network access security startup based in Texas with roots in Israel, has successfully raised $37.5 million in Series B funding. This brings its total funding to $60 million, with the investment led by Updata Partners. The timing of the investment coincides with strong performance for its cloud-native network access control platform. The company is focused on helping organizations replace traditional on-premises network access control systems with more modern, cloud-native zero trust solutions.
Portnox’s flagship product, Portnox Cloud, is a cloud-native platform that integrates passwordless authentication and zero trust access control. It also incorporates risk mitigation and compliance enforcement for networks, applications, and infrastructures. The platform enables organizations to manage user and endpoint authentication, authorization, and risk policies in a centralized manner.
This approach allows for more efficient access control across IT assets in an organization.
The company is focusing on providing a unified solution that helps security teams automate access management and policy enforcement across multiple sites. This centralized management aims to simplify and secure network access, reducing the need for on-premises systems commonly seen in traditional information security. By leveraging cloud-native solutions, Portnox eliminates the need for on-premises infrastructure, which can be costly and complex to maintain.
Portnox currently serves nearly 1,000 mid-market and enterprise companies, offering them a more modern and flexible alternative to legacy security systems.
These companies benefit from a solution that streamlines access management and security while enhancing overall compliance. The funding will help Portnox expand its offerings and continue to innovate in the cloud-native network security space.
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