Ionix, formerly known as Cyberpion, aids enterprises in diminishing their attack surface by offering comprehensive insights into their overall security stance and software supply chain across on-premises, cloud, and third-party platforms and services. The company has recently augmented its previously disclosed $27 million Series A round with an additional $15 million in funding.
This fresh investment originates from Maor Investments, a new investor, along with continued support from existing investors Hyperwise Ventures, Team8, and U.S. Venture Partners (USVP), elevating Ionix’s total funding to $50.3 million.
With the surge in supply chain attacks, enterprises are increasingly reliant on a multitude of third-party services and tools, each grappling with similar security concerns. Ionix pledges to furnish businesses with a unified platform for comprehending and overseeing their entire attack surface. A pivotal insight here is that a substantial portion of this attack surface exists beyond a company’s firewall. While conventional tools may effectively fortify the network within a company’s purview, they often fall short in guarding against external threats.
Although attack surface management is not a nascent concept, with established players like IBM and Mandiant offering rival services, Ionix contends that its offering presents a broader perspective than many competitors. At the heart of all these tools lies their capacity to meticulously delineate the attack surface by compiling an inventory of the tools utilized by a company’s personnel—information that IT and security teams may not always possess. Ionix asserts that its clientele discovers 50% more assets compared to other tools. Leveraging this data, Ionix assists IT and security teams in prioritizing exploitable risks and enhancing their security stance.
“Our mission is to provide them with the most expansive view of their attack surface, adopting an outsider’s perspective, akin to that of an attacker. Subsequently, we concentrate on their critical vulnerabilities to aid them in effective prioritization,” stated Ionix CEO Marc Gaffan. “The substantial market traction we have observed underscores the gravity of this issue and the value our solution offers to our customers.”
Current Ionix patrons include prominent entities such as Lexmark, Warner Music Group, Infosys, and the multinational electric utility E.ON.