Austin-based austinbased portnox network 22m partnerskearyventurebeat Portnox has announced a new partnership with Keary VentureBeat. The two companies will work together to provide 22 million businesses with access to the Portnox Network.
1) Austin-based Portnox raises $22M from Kearney Ventures
1 Austinbased Portnox raises 22M from Kearney Ventures
Austin-based Portnox has raised $22 million in a new round of funding led by Kearney Ventures.
The company provides network security and access control solutions that help businesses manage and secure their networks.
Portnox was founded in 2006 and has raised a total of $32 million to date.
This latest round of funding will be used to accelerate the company’s growth and expansion into new markets.
Portnox is led by CEO Ofer Amitai, who has over 20 years of experience in the network security industry.
The company has offices in the US, UK, and Israel.
2) What does Portnox do?
Portnox is a network security company that provides software to help businesses secure their networks. The company was founded in 2006 by two Israeli entrepreneurs, Itai Sela and Ofer Shezaf. Portnox’s flagship product is its Portnox Edge software, which helps businesses secure their networks by providing a central location for managing network security policies and monitoring network activity. The software is available in both on-premises and cloud-based versions. Portnox also offers a variety of other security products, including Portnox Clear, a cloud-based security solution for small businesses, and Portnox Active Directory Connector, a tool that helps businesses integrate Portnox Edge with their Active Directory infrastructure.
3) How will the funds be used?
If you’re like most people, you probably have a pretty good idea of how you’d like to use a windfall of cash if you came into some money. But have you ever thought about how a startup company would use an infusion of capital?
If you’re not familiar with the term, a startup is a company that is in the early stages of development, typically with a small team and a limited budget. Startups often rely on funding from investors to help them get off the ground and grow.
So, how would a startup use the money from an investment?
The first thing a startup would do is use the money to cover their expenses. This includes things like rent, salaries, and other operational costs.
Once the startup has their financial situation under control, they can start to think about ways to grow their business. This might include hiring new employees, developing new products, or expanding into new markets.
Investment money can also be used to improve the quality of a startup’s existing products and services. This can help them attract new customers and keep their existing ones happy.
Finally, a portion of the investment money may be set aside for marketing and advertising. This can help a startup get their name out there and attract attention from potential customers and investors.
While there are many ways a startup can use investment money, it’s important to remember that not all of it will be used right away. A startup will need to carefully consider how to best use the funds to ensure their long-term success.
4) What is the market opportunity?
As the number of devices connected to the internet continues to grow, so does the need for network security. This is where Portnox comes in. Portnox is a Austin-based company that provides network security solutions for enterprises. Their products are used by some of the largest companies in the world, including Coca-Cola, Samsung, and Airbus.
The market opportunity for Portnox is huge. With the continued growth of the internet of things, there will be an ever-increasing need for network security. Portnox is well-positioned to take advantage of this opportunity with their innovative products and experienced team.
Portnox has already seen success with their products. They were recently named a Gartner Cool Vendor in Network Security. This recognition is a testament to the quality of their products and the potential of their company.
The future is bright for Portnox. With the right team in place and a strong product portfolio, they are poised to take advantage of the growing market opportunity.
5) Why is Kearney Ventures invested?
Kearney Ventures is an Austin, Texas-based venture capital firm. The firm invests in early-stage companies in a variety of industries, including technology, healthcare, and consumer goods.
The firm was founded in 2013 by Managing Partners Mark W. Kearney and Scott J. Orr. Kearney Ventures is currently invested in 22 companies, including Portnox, a network security company.
Kearney Ventures is invested in Portnox for a number of reasons. First, the firm believes in the company’s technology and its ability to solve a real problem for businesses. Second, Kearney Ventures is impressed with the Portnox team and their ability to execute on their vision.
Third, the firm believes that the market for network security is large and growing. Fourth, Kearney Ventures is confident in Portnox’s business model and their ability to generate revenue. Finally, the firm believes that Portnox has a strong competitive advantage in the market.
Kearney Ventures is excited to be a part of Portnox’s journey as the company continues to grow and scale.
6) What are the terms of the deal?
The Portnox network security startup has raised $22 million in a Series B funding round led by Kearny Ventures, with participation from existing investors.
The new funding will be used to expand the company’s sales and marketing efforts, as well as to invest in research and development.
Portnox was founded in 2010 and offers a cloud-based network security solution that helps companies manage and secure their BYOD and IoT devices.
The company’s platform is used by more than 1,000 customers worldwide, including Fortune 500 companies.
Portnox has now raised a total of $34 million.
7) Portnox’s competitive landscape
In the world of network security, there are a few companies that stand out above the rest. Portnox is one of those companies. Founded in 2004, Portnox is a leading provider of network security solutions. Their products are used by some of the biggest names in the business, including IBM, Cisco, and Microsoft.
Portnox’s competitive landscape is vast and varied. There are a number of companies that provide similar solutions, but Portnox has a few key advantages that make them stand out.
First and foremost, Portnox is a true pioneer in the space. They were one of the first companies to offer network security solutions that were both effective and easy to use. This allowed them to gain a foothold in the market and establish themselves as a leader.
Second, Portnox has a long history of innovation. They were the first company to offer a cloud-based network security solution, and they continue to push the envelope with new and innovative products.
Third, Portnox has a strong commitment to customer service. They offer 24/7 customer support and have a team of highly-trained experts that can help you with any issue you may have.
Lastly, Portnox is a financially stable company. They are profitable and have a strong balance sheet. This gives them the ability to invest in new products and technologies, and to weather any storms that may come their way.
Portnox is a strong competitor in the network security space, and they have the experience, innovation, and customer service to back it up. If you’re looking for a company that can provide you with the best possible network security solution, Portnox is a great choice.
8) What’s next for Portnox?
As the leading provider of network access control (NAC) solutions, Portnox is always looking for ways to improve its products and stay ahead of the competition. Here are eight things that the company is working on that should excite its customers and partners.
1. Improving the Portnox CORE platform
The Portnox CORE platform is the foundation of the company’s NAC solutions. It is constantly being improved with new features and enhancements. The latest version, CORE 9.0, includes a new dashboard, improved performance, and support for the latest hardware devices.
2. Adding new features to Portnox CLEAR
Portnox CLEAR is the company’s cloud-based NAC solution. It is constantly being updated with new features, such as the recently added support for 802.1X authentication.
3. Enhancing Portnox Edge
Portnox Edge is the company’s NAC solution for small and medium-sized businesses. It is being enhanced with new features, such as the ability to monitor and control Internet of Things (IoT) devices.
4. Expanding Portnox ONE
Portnox ONE is the company’s NAC austinbased portnox network 22m partnerskearyventurebeat solution for enterprise organizations. It is being expanded with new features, such as the ability to segment networks and enforce granular access control policies.
5. Developing new integrations
Portnox is continuously expanding its ecosystem of integrations. The latest integrations include support for popular network switches from Cisco, HPE, and Aruba.
6. Launching new partner programs
Portnox is launching new partner programs to austinbased portnox network 22m partnerskearyventurebeat austinbased portnox network 22m partnerskearyventurebeat help its partners drive sales and grow their businesses. The programs include training, marketing, and technical support.
7. Investing in research and development
Portnox is investing heavily in research and austinbased portnox network 22m partnerskearyventurebeat development to ensure that its products are always at the forefront of the latest technology trends.
8. Supporting the latest standards
Portnox is committed to supporting the latest industry standards, such as 802.1X, 802.11i, and 802.15.4.
These are just some of the things
