What does Portnox do?
Portnox delivers a unified access control platform called Portnox Cloud that integrates passwordless authentication, authorization, risk mitigation, and compliance enforcement. Designed for distributed organizations with complex IT environments, its 100% cloud-native solution offers enterprise-grade zero trust security to protect against sophisticated attacks.
How much did they raise?
The company raised $37.5M in its Series B round, led by Updata Partners, with Jon Seeber joining the Board of Directors. This round follows a previous $22M Series A round led by Elsewhere Partners in 2022, bringing total investments to $59.5M.
What are their plans for the money?
With the new funds, Portnox plans to accelerate product innovation, expand its market presence, and further empower resource-constrained security teams with accessible, enterprise-grade zero trust solutions. This investment is set to enhance the company’s ability to defend against increasingly sophisticated cyber threats.
What have they achieved so far?
Portnox has already achieved significant milestones with its robust, cloud-native platform, successfully raising $22M in its Series A round and establishing a reputation for delivering effective zero trust access control solutions for complex IT environments.
