IONIX Raised $15 Million in its Initial Funding Round for Expansion Programme

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IONIX has secured an additional $15 million in funding for its Series A round, intended to fuel the expansion of its threat exposure management platform.

Israeli startup IONIX has enhanced its Attack Surface Management (ASM) solutions with an additional $15 million in Series A funding, bringing the total raised to $42 million. Formerly known as Cyberpion, IONIX initially secured $27 million in Series A funding in March 2022. New investor Maor Investments participated in this extension, alongside existing investors Hyperwise Ventures, Team8, and U.S. Venture Partners (USVP). The total funding accumulated by IONIX to date amounts to $50.3 million. Moreover, cybersecurity expert Chad Kinzelberg will be joining IONIX’s Board of Directors.

IONIX has outlined plans to utilize the newly acquired funds to expedite its go-to-market strategies, advance its product roadmap, and bolster the Threat Exposure Management capabilities within its Attack Surface Management solution.

Marc Gaffan, CEO of IONIX, emphasized the growing recognition among security leaders at global enterprises regarding the correlation between expanding digital assets and heightened security risks. He highlighted the challenge of addressing all potential vulnerabilities and stressed the importance of providing organizations with a comprehensive view of their attack surface from an external perspective. Gaffan affirmed the company’s commitment to assisting clients in effectively prioritizing critical exposures, a mission that has garnered significant market traction and underscores the vital role their solution plays in addressing cybersecurity challenges.

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