Axis Security completes $50 million series C for remote app access solution
Spark Capital, an investor in Twitter, Tumblr, and Slack led the company’s second funding round in six months
Hagar Ravet | 14:00 22.03.2021
Cybersecurity startup Axis Security Inc. announced on Monday that it has completed a $50 million series C funding round, bringing it to a total of $100 million raised within a year. The round was led by new investor Spark Capital, which had previously invested in Twitter, Tumblr, and Slack. Existing investors, including Gil Ra’anan’s Cyberstarts that has backed the company since its founding, Canaan Partners, and Ten Eleven Ventures, also participated in the round. The company completed a $32 million series B funding round in September 2020. The company’s solution, Application Access Cloud, has a unique architecture that makes it amazingly simple to deploy, use, and manage while delivering more secure access -- keeping users off the corporate network, and reducing risk by isolating applications.