Axis Security, a company that specializes in private application access, emerged from stealth mode on Tuesday with $17 million in funding.
Axis Security is based in San Mateo, California, and its research and development is in Tel Aviv, Israel. The company provides a software-as-a-service (SaaS) solution named Application Access Cloud that is advertised as an alternative to VPN.
“VPNs can be complex, slow to deploy, hard to manage and inflexible, especially when it comes to providing access to third-party supply chain partners, vendors, contractors, and remote employees,” Axis Security said.
Axis’ cloud-native security and analytics platform is designed to help organizations control private application access. It provides a way for users to connect to private apps without touching the network or the applications.
The $17 million in funding includes seed and Series A rounds. The investment comes from venture capital firm Cyberstarts, Ten Eleven Ventures’ Alex Doll, Fireglass founder Dan Amiga, and Michael Fey, former president of Symantec and Blue Coat.
Axis Security says its product is immediately available and the company claims it has already signed up several Fortune 500 companies.
“The Application Access Cloud that Axis has developed gives enterprises the security solution they’ve been looking for: unmatched visibility and control over users by requiring coordinated control over requests, users, policies, and activities,” said Alex Doll, founder and managing general partner at Ten Eleven Ventures.
“We’ve been very impressed by the innovative approach Axis has taken, as well as by how quickly the founding team has gone from concept to development to market validation. It’s a real testament to the magnitude of the challenge posed by the changing nature of enterprise networks and hybrid cloud usage, and the skill of the Axis team in solving it with an identity-forward approach to modern application security,” Doll added.
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