PRESS RELEASE
TEL AVIV, Israel–(COMMERCIAL WIRE)– IONICE, a leader in Attack Surface Management (ASM), today announced that it has completed its $42 million A-round financing by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures , Team8 and US Venture Partners (USVP ). Total funding to date is $50.3 million. Additionally, cyber veteran Chad Kinzelberg will join the IONIX Board of Directors.
IONIX will use the funds to accelerate go-to-market activities, product roadmap development and expand the Threat Exposure Management capabilities of its industry-leading Attack Surface Management solution. This will further enhance the company’s platform and give enterprises a unified view of critical exposures from across the entire enterprise attack surface across cloud, on-premise, SaaS and digital supply chains.
“Security leaders in global enterprises recognize that more digital assets mean more security risks and it is impossible to fix everything,” said Marc Gaffan, CEO of IONIX. “Our mission is to give them the broadest possible view of their attack surface by looking from the outside in, as an attacker would. We then focus on their critical exposures to help them prioritize effectively. The strong market adoption we have seen highlights both the importance of the nature of this problem and the value our solution delivers to our customers.”
Using the IONIX platform, security teams can visualize and prioritize hundreds of attack surface threats, even deep within their digital supply chains, into a manageable set of specific, actionable intelligence. One-click workflows enable clear next steps, greatly simplifying and speeding up issue resolution, while improving costs and efficiency for security teams. IONIX customers discover up to 50% more resources and significantly reduce the MTTR (mean time to resolve) of threats.
The company’s newest board member, Chad Kinzelberg, has extensive experience in cybersecurity. He was senior vice president of business and corporate development at Palo Alto Networks from pre-IPO to 2018. Previous roles at Verisign’s cybersecurity unit and as CEO of Santa Cruz Networks make him an ideal candidate to help support the success of IONIX.
“The attack surface management market holds immense potential and I see IONIX as an innovator within it. As ASM moves from niche to mainstream, IONIX is leading the next generation by focusing on what customers really need, moving from simple resource discovery to exploitability-based prioritization, using proprietary technologies like theirConnective Intelligence‘” Kinzelberg said. “I have a lot of confidence in the product, the team and the market opportunity.”
Learn more about IONIX Continuous Threat exposure management on line.
About IONIX
IONIX, the leader in attack surface management, uses Connective Intelligence to shine a spotlight on exploitable risks across the entire attack surface, including the digital supply chain. Only IONIX monitors every asset and Internet-facing connection, focuses attention on the risks that matter most to your business, and provides recommendations to quickly remediate exploitable threats and reduce attack surface risk. Global leaders including Lexmark, Warner Music Group, Infosys, The Telegraph and E. ON rely on IONIX’s machine learning-based detection engine, contextual risk assessment and prioritization, and end-to-end remediation workflows to-end to go on the offensive in managing their complex and ever-evolving attack surfaces. www.ionix.io
About Maor Investments
Maor Investments is a Luxembourg-based venture capital fund that invests exclusively in Israeli technology companies. Maor’s mission is to build a commercial bridge between Israeli startups that want to penetrate the European market and European companies that want to exploit Israeli technology and support innovation. With assets under management of nearly $300 million across two flagship funds and a total of 22 investments made to date, Maor has become one of the leading growth investors in the Israeli tech ecosystem. Notable investments include companies such as Aidoc, Coralogix, WSC Sports, Silverfort, Medigate and Minute Media. For more information visit https://maorinvestments.com/