Portnox offers a 100% cloud-native Unified Access Control platform (Portnox Cloud) that combines passwordless authentication, authorization, endpoint risk mitigation, and compliance enforcement across networks, applications, and infrastructure. The product is purpose-built for distributed organizations with complex IT environments and removes the need for any on‑premises footprint common to traditional security systems. Portnox positions its platform to help resource-constrained security teams deploy, scale, enforce and maintain zero trust policies with ease. The company plans to use new capital to accelerate product innovation and expand market reach. Financially, Portnox has raised a $37.5 million Series B and $22 million Series A previously, bringing total investment to $59.5 million. Operational metrics cited include nearly 1,000 global customers, a 95% customer retention rate, and a 4.6-star rating on Gartner Peer Insights. Portnox offers a cloud-native NAC platform and endpoint risk posture assessment that enforces network access control and automated remediation policies across distributed sites. Its SaaS product, Portnox CLEAR, is SOC 2 Type 2 certified and provides out-of-the-box integrations with common network hardware and security tools (e.g., Active Directory, MFA, MDM, SIEM). The solution eliminates on-premises maintenance overhead such as patches and upgrades, making it easier for resource-constrained IT teams to deploy and scale. Portnox says its products have helped nearly 1,000 organizations globally and have received industry recognition including an RSA 2021 Global InfoSec Award. The company plans to expand its team and accelerate global market penetration with a focus on mid-market customers, building out operations, sales, marketing and customer success. Leadership changes include CEO Denny LeCompte and co-founder Ofer Amitai transitioning to CTO and joining the board to lead Israel-based engineering and international product teams.

Total raised

$60M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2025