# Axis Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axis-security

- Industry: IT Security/Cybersecurity
- Headquarters: San Mateo, US
- Website: www.axissecurity.com
- Total disclosed funding: $99M
- Latest round: Series C (Mar 22, 2021)
- Investors on record: 4

## About

Axis Security is a cybersecurity firm that specializes in providing integrated Security Service Edge solutions to ensure secure access for enterprises in an increasingly mobile and cloud-driven environment.Founded in 2018 in San Mateo, US, Axis Security operates in the cybersecurity domain, focusing on a comprehensive security framework. The company was co-founded by Dor Knafo, who also serves as CEO, along with Gil Azrielant and Shuky Chen. Axis Security was last involved in a TRADE SALE transaction on March 2, 2023, where Hewlett Packard Enterprise Development LP acquired the company for EUR 471.000 mn. This acquisition enables Hewlett Packard Enterprise to enhance its edge-to-cloud security capabilities, allowing for a unified Secure Access Services Edge (SASE) solution.Axis Security offers a robust Security Service Edge (SSE) platform that combines Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), and Digital Experience Monitoring (DEM). These solutions are designed to maintain secure and seamless connectivity across various environments, catering to customers from government entities to large retailers, primarily marketed in North America, Europe, and Asia-Pacific.Axis Security operates on a subscription-based revenue model, engaging in Business-to-Business (B2B) transactions where enterprises purchase customized security solutions. Clients enter multi-year agreements for ongoing access to the firm's offerings, including ZTNA and CASB, with pricing tiers tailored to their operational needs, reinforcing long-term partnerships.Following the recent TRADE SALE to Hewlett Packard Enterprise Development LP, which is expected to close in late Q2 2023, Axis Security plans to leverage this acquisition to enhance its product offerings and expand its reach. The funding will support the rollout of new security solutions within the SASE framework, aiming to capture a larger market share across North America and Europe as part of its growth strategy.

## Funding rounds

- Series C, Mar 22, 2021, $50M — Canaan Partners, Spark Capital, Ten Eleven, Cyberstarts
- Series B, Sep 29, 2020, $32M — Canaan Partners, Ten Eleven, Cyberstarts
- Series A, Mar 17, 2020, $17M — Ten Eleven, Cyberstarts

## Investors

- Ten Eleven — Series A, Series B, Series C
- Cyberstarts (https://capitalatlas.ai/funds/cyberstarts) — Series A, Series B, Series C
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series B, Series C
- Spark Capital — Series C