Axis Security

Application Access Cloud

Cyber Security
Acquired (Inactive) by Hewlett Packard Enterprise (HPE) on Mar 2023 - ceased to operate

Company Overview

Snapshot

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

Business overview

Axis Security provides a purpose-built zero-trust cloud-security platform designed to enable organizations to deliver tightly managed global access to employees, partners, and other stakeholders. Its core technology, an advanced application isolation system, ensures access to only necessary resources. The company's Security Services Edge (SSE) platform, featuring over 350 points of presence and a policy tagging system, simplifies secure access to business resources. Axis Security serves various industries, helping customers like Nvidia, Kayak, and Copart manage hybrid work, enhance digital experience, and protect data from cyber threats, particularly as operations shift to the cloud. The company operates within the Cyber Security sector, focusing on network security, authentication, access control, cloud security, enterprise solutions, and data protection.

Strategic signal

In March 2023, Axis Security was acquired by Hewlett Packard Enterprise (HPE). This acquisition signals a strategic consolidation within the cybersecurity market, with a major enterprise technology provider integrating advanced zero-trust network access capabilities. For investors, this highlights the increasing value placed on robust cloud-security solutions and the potential for successful exits in the sector, particularly for companies addressing the complexities of hybrid work environments.

Company Intelligence Q&A

What was the most significant recent corporate development for Axis Security?
In March 2023, Axis Security was acquired by Hewlett Packard Enterprise (HPE), leading to the cessation of its independent operations.
When did Axis Security unveil its Security Service Edge (SSE) platform, Atmos?
Axis Security unveiled Atmos, its Security Service Edge (SSE) platform, in April 2022.
Which investors participated in Axis Security's Series C funding round?
In March 2021, Axis Security secured its Series C funding round with participation from.
When did Axis Security emerge from stealth mode with its initial funding?
Axis Security emerged from stealth mode in March 2020, announcing a funding round with participation from TenEleven Ventures and CyberStarts.
What recognition did Axis Security receive in September 2020?
In September 2020, Axis Security was named a TiE50 Award Winner at TiEcon.

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