Tech Company Financing Transactions
Portnox Funding Round
Portnox, based in Austin, secured $22 million from Elsewhere Partners and private investors.
Transaction Overview
Company Name
Announced On
2/4/2022
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series A
Investors
Elsewhere Partners (Lead Investor) (John Thornton)
Proceeds Purpose
Portnox plans to use the capital to substantially expand its team and speed global market penetration with a focus on mid-market organizations after establishing its new global headquarters in Austin, Texas.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
5301 Southwest Pkwy. 470
Austin, TX 78735
USA
Austin, TX 78735
USA
Phone
Website
Email Address
Overview
Portnox offers cloud-native network and endpoint security essentials that enable agile, resource-constrained IT teams to proactively address today's most pressing security challenges: the rapid expansion of enterprise networks, the proliferation of connected device types, and the increased sophistication of cyberattacks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Denny LeCompte
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We report on tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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