UPDATED 09:00 EDT / FEBRUARY 06 2024

SECURITY

Israeli startup Ionix raises $42M to enhance attack surface management

Israeli attack surface management startup Ionix Inc. today announced that it has completed a $42 million financing round to accelerate go-to-market activities, further develop its product roadmap and expand the threat exposure management capabilities of its attack surface management solution.

Founded in 2017 and previously known as Cyberpion, Ionix offers an attack surface management solution that uses connective intelligence. That’s a technology that identifies and prioritizes exploitable risks, to find exploitable risks across the entire attack surface, including within the digital supply chain.

Ionix monitors every internet-facing asset and connection to deliver a laser focus on the most important risks to businesses and provides recommendations to remediate exploitable threats rapidly and reduce attack surface risk. Using the Ionix platform, security teams can visualize and prioritize hundreds of attack surface threats into a manageable set of specific, actionable insights.

Platform highlights include one-click workflows that enable clear next steps that the company says greatly simplify and accelerate remediation while also improving cost and efficiency for security teams. It says its customers can discover up to 50% more assets and greatly reduce the Mean Time to Resolution of threats.

“Our mission is to give them the widest possible view of their attack surface, looking from the outside in like an attacker would,” said Chief Executive Marc Gaffan. “Then we focus on their critical exposures to help them effectively prioritize.”

Maor Investments LLC led the Series A round, with Hyperwise Ventures LLC, Team8 Ventures LLC and U.S. Venture Partners Inc. also participating. Including the new funding, Ionix has raised $50.3 million to date.

Also announced alongside the funding is that Chad Kinzelberg was joining the Ionix board. Kinzelberg’s experience in cybersecurity includes having served as senior vice president of corporate and business development at Palo Alto Networks Inc. until 2018 and as CEO of Santa Cruz Networks from 1999 to 2001. Kinzelberg is also an advisory partner at Andreessen Horowitz LLC.

Ionix was last in the news in November when it launched Threat Exposure Radar, a threat management capability integrated with its attack surface management solution. It offers a unified view of critical exposures across the entire enterprise attack surface, including cloud, on-premises, software-as-a-service and third-party systems.

Image: Ionix

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