Fundraising Fox

Axis Security

Acquired

6 known investors

axissecurity.com

Zero trust network access vendor whose cloud-based secure access platform was acquired by HPE in 2023.

Also known as Axis Cloud · Axis Security Inc. · HPE Aruba Networking SSE

Investors · 6

Also in the syndicate · 1

Ten Eleven Ventures

Company profile

researched Aug 2026

Axis Security was a cybersecurity company providing a cloud-based secure access platform designed around zero trust architecture. Its core product, the Application Access Cloud, acted as an access broker allowing employees, partners and other third-party users to reach corporate resources located in private networks from any device and location, without placing users on the corporate network and while isolating the applications themselves. The platform provided granular visibility, continuous authorization and session analytics covering user interactions with applications and data [1][3].

The company positioned the product as a replacement for legacy remote-access technologies including VPNs, virtual desktop infrastructure and inline cloud access security broker services, supporting agentless (clientless) as well as client-based connectivity, latency-sensitive workloads and multi-directional access scenarios, without requiring changes to or replication of the existing network [1][3][4]. It later offered a security service edge (SSE) platform called Atmos, which included secure web gateway and CASB functions [7]. Product integrations included CrowdStrike, Splunk and Okta, and the platform supported Azure Active Directory identity integration and log streaming to Splunk and syslog [1][5][3].

Founding story

Axis Security was co-founded by Dor Knafo, who served as CEO and had previously worked at FireGlass (acquired by Symantec), and Gil Azrielant, who served as CTO. Cyberstarts, the VC firm associated with Gili Ra'anan, backed the company from its founding [2][5].

Business model

Enterprise software vendor selling a cloud-delivered secure access/SSE platform to organizations; after the HPE acquisition, the technology was to be offered through HPE GreenLake as a single monthly subscription with no capital expenditure [7].

Not specified in the sources beyond enterprise subscription-style delivery of a cloud service; post-acquisition, availability via HPE GreenLake as a monthly subscription [7].

Traction

The company reported that within months of the pandemic's onset it was enabling secure remote access for hundreds of thousands of users and millions of connections; it employed 65 people as of March 2021 and planned to double headcount by year-end [2][3].

Latest developments

In March 2023 Hewlett Packard Enterprise agreed to acquire Axis Security, planning to integrate its Atmos SSE platform (including secure web gateway and CASB) with HPE Aruba Networking's SD-WAN and firewall capabilities to form a unified SASE offering and to add it to HPE GreenLake; the deal was expected to close by the end of April 2023 with integrated products by the end of July [7]. Axis product documentation is now published under the HPE Aruba Networking SSE brand [1].

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described in its own announcements as a leader in Zero Trust Network Access, competing with and positioned to replace legacy VPN, VDI and inline CASB approaches; HPE acquired the company to fill the security service edge portion of a SASE portfolio [3][7].

Technology

Cloud-native access broker architecture functioning as a logical overlay: connectors deployed near private applications, identity object integration, policy rules, application isolation so users never touch the network or the applications, agentless/clientless and client-based access modes, continuous authorization, an insights dashboard, and log streaming to SIEM tools such as Splunk and syslog [1][3]. The later Atmos SSE platform added secure web gateway and CASB functions [7].

Go-to-market

Direct enterprise sales supplemented by a channel partner program, with Series C proceeds earmarked for expanding the direct sales team, channel support, and integrations and partnerships with SIEM, SOAR, identity management and endpoint security vendors [3][4][5].

Enterprises needing secure remote access for employees, contractors, vendors and third-party supply-chain partners, including organizations scaling work-from-anywhere access; named or cited users include SkySail RX [3][5].

Geography

Headquartered in San Mateo, California, with a research and development center in Tel Aviv, Israel [2][3][6]. Following the 2020 Series B, the company stated plans to expand outside North America [5].

History

Sources give slightly differing founding dates: one reports the company was founded at the end of 2018 [2], while others state 2019 [5][6]. Axis emerged from stealth in March 2020, concurrent with seed funding led by Cyberstarts and a $17 million Series A led by Ten Eleven Ventures [5]. A $32 million Series B led by Canaan Partners followed in September 2020, and a $50 million Series C led by Spark Capital was announced in March 2021, bringing total disclosed funding to $100 million [5][2][3]. In March 2023 HPE announced an agreement to acquire the company [7].

Risks & controversies

Note on name ambiguity: a separate, unrelated company, Axis, Inc. / Axis Security, Inc. (axissecurityinc.com), operates as an East Coast event security and staffing firm founded in 2006 and is not the same entity as the cybersecurity company profiled here [0].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesMar 202165
Total funding raisedMar 2021$100M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 6

launches, deals, and filings
Mar 2023
HPE agrees to acquire Axis Security

HPE announced an agreement to acquire Axis Security to combine its Atmos security service edge platform with HPE Aruba Networking SD-WAN and firewall products into a unified SASE offering; close expected by end of April 2023, with integrated products by end of July.

source ↗

Mar 2021
$50M Series C led by Spark Capital

Series C round led by new investor Spark Capital with participation from Canaan Partners, Ten Eleven Ventures and Cyberstarts, bringing total raised to $100M.

$50M source ↗

Sep 2020
$32M Series B led by Canaan Partners

Series B round led by Canaan Partners with participation from Ten Eleven Ventures and Cyberstarts; Canaan general partner Joydeep Bhattacharyya joined the board.

$32M source ↗

Sep 2020
Joydeep Bhattacharyya joins board of directors

Canaan Partners general partner Joydeep Bhattacharyya joined Axis Security's board as part of the Series B.

source ↗

Sep 2020
Application Access Cloud enhancements and security integrations

Alongside the Series B, Axis announced enhancements to the Axis Application Access Cloud and integrations with CrowdStrike, Splunk and Okta.

source ↗

Mar 2020
Emerged from stealth mode

Axis Security came out of stealth in March 2020, launching its cloud-native private application access and analytics platform.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Axis Security do?
Zero trust network access vendor whose cloud-based secure access platform was acquired by HPE in 2023.
Who are Axis Security's investors?
Axis Security's investors include Canaan Partners, Emerald Development Managers, Ten Eleven, Cyberstarts, Spark Capital.