Axis Security, a San Mateo, California–based Zero Trust Network Access (ZTNA) company, raised $50m in Series C funding.
The round, which brought total raised to date to $100m, was led by new investor Spark Capital with participation from existing investors Canaan Partners, Ten Eleven Ventures, and Cyberstarts.
The company intends to use the funds to accelerate product development and feature velocity, and expand go-to-market initiatives, including expanding its direct sales team, support for channel partners, integrations, and partnerships with security information and event management (SIEM), security orchestration, automation and response (SOAR), identity management, and endpoint security vendors among others.
Led by Dor Knafo, Axis Security, co-founder and CEO, Axis Security provides the Application Access Cloud which brokers enterprise access to replace multiple complicated remote access technologies such as VPNs, virtual desktop infrastructure (VDI), and inline cloud access security broker (CASB) services with a zero trust platform.
The App Access Cloud has an architecture that makes it simple to deploy, use, and manage while delivering more secure access — keeping users off the corporate network, and reducing risk by isolating applications. It enables several use cases accommodating any application or user as well as latency-sensitive and multi-directional access scenarios.