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-premise, 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.
The attacks on the supply chain are done increasingly common, while businesses rely on an ever-increasing number of third-party services and tools — all of which face the same problem. Ionix promises that its service provides enterprises with a single platform to understand and manage their entire attack surface. The key idea here is that much of this attack surface lies beyond a company’s firewall. While existing tools may work well for defending the network directly under a company’s control, they don’t necessarily help defend against threats beyond that.
Attack surface management, of course, is not a new discipline, with both startups and incumbents such as IBM and Mandiant offering competitive services. Ionix claims its service provides a much broader perspective than many of its competitors. The core of all these tools, after all, is their ability to accurately map the attack surface by creating an inventory of the tools a company’s employees are using (which IT and security teams don’t always know about). Ionix claims its clients discover 50% more assets than other tools. Based on this information, a service like Ionix can then help IT and security teams prioritize exploitable risks and improve their security posture.
“Our mission is to give them the widest possible view of their attack surface looking from the outside in, as an attacker would. We then focus on their critical exposures to help them prioritize effectively,” said Ionix CEO Marc Gaffan. “The strong market uptake we’ve experienced underscores both the significant nature of this problem and the value our solution brings to our customers.”
Ionix’s current customers include Lexmark, Warner Music Group, Infosys and multinational power company E.ON.
