Attack surface management platform Ionix adds another $15M to its $27M Series A round


Ionix (formerly Cyberpion) helps enterprises reduce their attack surface by giving them a better view of their overall security posture and software supply chain across on-premises, cloud, and third-party platforms and services. The company announced today that it has added $15 million to its previously announced $27 million Series A round.

The new funding comes from new investor Maor Investments, with participation from existing investors Hyperwise Ventures, Team8 and US Venture Partners (USVP). This now brings the company's total funding to $50.3 million.

Attacks on the supply chain have become increasingly common, while enterprises rely on an ever-increasing number of third-party services and tools – all of which are themselves struggling with the same problems. Ionix promises that its service provides a single platform for businesses to understand and manage their overall attack surface. The key insight here is that much of this attack surface is beyond the company's firewall. While existing tools may work well to protect the network that is directly under the company's control, they may not necessarily help protect against threats beyond that.

Attack surface management is, of course, not a new discipline, with both startups and incumbents like IBM and Mandiant offering competing services. Ionix argues that its service offers a far broader perspective than many of its competitors. After all, at the core of all these tools is their ability to accurately map the attack surface by creating an inventory of the devices being used by company employees (which IT and security teams are not always aware of). . Ionix claims that its customers search for 50% more properties than other tools. Based on this information, a service like Ionix can help IT and security teams prioritize exploitable risks and improve their security posture.

“Our mission is to give them the broadest possible view of their attack surface as an attacker looks in, from the outside. We then focus on their critical exposures to help them prioritize effectively,” said Mark Gaffan, CEO of Ionix. “The strong traction we have experienced in the market underlines both the important nature of this problem and the value our solution brings to our customers.”

Current Ionix customers include Lexmark, Warner Music Group, Infosys and multinational power utility EON.