IONIX, a prominent player in Attack Surface Management (ASM), has successfully concluded its A Round financing with an additional $15 million investment from new backers Maor Investments. This funding round also saw continued support from existing investors Hyperwise Ventures, Team8, and U.S. Venture Partners (USVP), bringing the total funding raised to $50.3 million. Moreover, cybersecurity expert Chad Kinzelberg will be joining IONIX’s Board of Directors.
Utilizing Funds for Growth and Innovation
With this fresh injection of capital, IONIX aims to ramp up its go-to-market efforts, bolster the development of its product roadmap, and enhance the Threat Exposure Management capabilities of its leading ASM solution. These initiatives are geared towards advancing the company’s platform, offering enterprises a comprehensive view of critical exposures spanning their entire attack surface across various domains including cloud, on-premises, SaaS, and digital supply chains.
Addressing Evolving Security Challenges
Marc Gaffan, CEO of IONIX, emphasized the increasing recognition among security leaders at global enterprises regarding the escalating security risks accompanying the proliferation of digital assets. He highlighted the inherent challenge of fixing every vulnerability and outlined IONIX’s mission to provide organizations with an expansive view of their attack surface, akin to that of a potential attacker. The company’s focus on identifying and prioritizing critical exposures underscores the significance of its solution in addressing this pressing cybersecurity concern.
Empowering Security Teams with Actionable Insights
Through the IONIX platform, security teams gain the ability to visualize and prioritize numerous attack surface threats, extending deep into their digital supply chains. This enables them to distill a complex array of risks into specific, actionable insights. One-click workflows streamline the remediation process, facilitating quicker response times and enhancing cost-effectiveness for security operations. Customers leveraging IONIX have reported significant improvements in asset discovery and a notable reduction in Mean Time to Resolution (MTTR) for threats.
Welcoming a Cybersecurity Veteran to the Board
Chad Kinzelberg’s appointment to IONIX’s Board of Directors brings a wealth of experience in the cybersecurity realm. With a background that includes senior roles at Palo Alto Networks and Verisign’s cybersecurity division, along with CEO experience at Santa Cruz Networks, Kinzelberg is poised to provide valuable support to IONIX as it navigates its growth trajectory. His endorsement of the company’s innovative approach and market potential further reinforces its position as a leader in the ASM landscape.
- IONIX secures an additional $15 million in funding from Maor Investments, bringing its total funding to $50.3 million.
- The investment will fuel the company’s expansion efforts, product development, and enhancement of Threat Exposure Management capabilities.
- IONIX aims to provide enterprises with a comprehensive view of their attack surface and empower security teams with actionable insights.
- Chad Kinzelberg, a cybersecurity veteran, joins IONIX’s Board of Directors, lending his expertise to support the company’s growth and innovation.
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