Cybersecurity Axis Security Emerges from Stealth With a $14 Million Funding Round
Axis Security develops cloud-based cybersecurity technology to secure enterprise applications
Meir Orbach | 14:00 17.03.2020
San Mateo, California-based cybersecurity startup Axis Security has emerged from stealth Tuesday with the announcement of a $14 million series A funding round. The round was led by Ten Eleven Ventures with participation from Cyberstarts, a cybersecurity fund founded by serial entrepreneur Gili Raanan and backed by the likes of Shlomo Kramer, Marius Nacht, Dan Amiga, founder of Fireglass Ltd., which was acquired by Nasdaq-listed Symantec for $250 million in 2017, and former Symantec President Michael Fey. Founded in 2018, Axis Security develops cloud-based cybersecurity technology to secure enterprise applications. Axis Security employs a team of 23 people, 18 of which are based in Israel, Dor Knafo, Axis Security co-founder and CEO said in a Tuesday interview with Calcalist. The company had previously raised a $3 million seed round led by Cyberstarts.