Cybersecurity firm IONIX clinches $42m in landmark Series A financing

Cybersecurity firm IONIX clinches $42m in landmark Series A financing

IONIX, a trailblazer in the attack surface management (ASM) sphere, has proudly announced the completion of its Series A financing round, amassing a notable $42m.

The latest tranche of $15m in funding was contributed by new investors, Maor Investments, and saw continued support from previous backers including Hyperwise Ventures, Team8, and U.S. Venture Partners (USVP), pushing the total investment in the company to an impressive $50.3m.

Furthermore, cybersecurity luminary Chad Kinzelberg is poised to bring his extensive expertise to the IONIX Board of Directors.

IONIX is revolutionising the way organisations perceive and manage their digital vulnerabilities. The firm’s proprietary technology, ‘Connective Intelligence’, illuminates and prioritises exploitable risks strewn across an entity’s entire digital footprint, encompassing cloud infrastructures, on-premise assets, SaaS components, and the digital supply chain. This holistic approach empowers businesses to proactively defend against threats in an increasingly interconnected digital landscape.

The infusion of fresh capital is earmarked for accelerating IONIX’s market penetration, enhancing product development, and expanding its Threat Exposure Management capabilities.

Marc Gaffan, CEO of IONIX, said, “Security leaders at global companies recognize that more digital assets mean more security risks, and it’s impossible to fix everything.

“Our mission is to give them the widest possible view of their attack surface looking from the outside in, like an attacker would. Then we focus on their critical exposures to help them effectively prioritize. The strong market uptake we have experienced underscores both the important nature of this problem and the value our solution brings to our customers.”

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