Axis Security

Company Overview

Snapshot

Founded in October 2018 by Dor Knafo and Gil Azrielant, Axis Security grew to 201–500 employees. The company raised $99M across 4 funding rounds from 8 investors. In March 2023, Axis Security was acquired by Hewlett Packard Enterprise (HPE).

Business overview

Axis Security provides a zero-trust cloud-security platform designed to deliver tightly managed global access to employees, partners, and other stakeholders. Its core technology leverages advanced application isolation to ensure access only to necessary resources. The company serves enterprises across various industries, operating within the Cyber Security sector, specifically focusing on Network & Infrastructure Security and Cloud Security.

Strategic signal

In March 2023, Axis Security was acquired by Hewlett Packard Enterprise (HPE) for an estimated $500 million. This acquisition highlights the increasing demand for robust zero-trust network access (ZTNA) solutions and validates Axis Security's technology and market position within the cybersecurity landscape. For investors, this signals a successful exit strategy and the strategic value of cloud-based security platforms in the current enterprise environment.

Company Intelligence Q&A

What was the most significant corporate event for Axis Security?

In March 2023, Axis Security was acquired by Hewlett Packard Enterprise (HPE) for an estimated $500 million, leading to its cessation of operations.

What was Axis Security's product launch in April 2022?

In April 2022, Axis Security unveiled Atmos, which it described as a Security Service Edge (SSE) platform.