Portnox Raises $37.5M in Series B Funding
Summary
Portnox, an Austin, TX-based provider of cloud-native, zero trust access control solutions, raised $37.5M in Series B funding. The company intends to use the funds to accelerate product innovation, expand market reach, and further empower resource-constrained security teams with accessible, enterprise-grade zero trust security. Led by CEO Denny LeCompte, Portnox delivers a unified access control platform, the Portnox Cloud, which brings together passwordless authentication, authorization, risk mitigation, and compliance enforcement for enterprise networks, applications, and infrastructure. Purpose-built for distributed organizations with complex IT environments, Portnox Cloud is 100% cloud-native and offers security capabilities needed to protect against increasingly sophisticated attacks. The investment by Updata Partners followed Portnox’s $22M Series A round of funding led by Elsewhere Partners in 2022, bringing the total investment in the company to $59.5M.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
