Knocknoc, a Sydney-based cybersecurity software company, has successfully secured a seed funding round.
The investment was led by US-based venture capital firm Decibel Partners, with additional support from CoAct and SomethingReal.
The company announced a substantial seed investment, aimed at accelerating their market presence. This round saw participation from notable investors including Decibel Partners, CoAct, and SomethingReal, bolstering Knocknoc’s financial and strategic backing.
Knocknoc specializes in orchestrating network infrastructure to mitigate risk exposure by integrating users’ network access with their Single Sign-On (SSO) authentication status. The firm’s innovative approach helps eliminate attack surfaces by enabling network connections on a just-in-time basis, thereby preventing potential zero-day attacks.
The newly acquired funds are earmarked for a variety of strategic initiatives, including go-to-market efforts, staffing expansions, customer onboarding, and further development of their product offerings. This financial injection is expected to significantly enhance Knocknoc’s operational capabilities and market reach.
Further expanding its leadership, Knocknoc has appointed Adam Pointon as Chief Executive Officer and added Decibel Partners Founder Advisor and Risky Business Media CEO, Patrick Gray, to its board of directors. These appointments are poised to drive forward the company’s strategic initiatives and strengthen its market position.
Adam Pointon, newly appointed CEO of Knocknoc, expressed enthusiasm about the company’s prospects, stating, “The opportunity here is limitless. You’d be hard pressed to find an organisation that couldn’t benefit in some way from using Knocknoc.”
Patrick Gray also commented on the impact of Knocknoc’s solutions, “Knocknoc is a terrific way for organisations to quickly and easily reduce their exposure to the types of attacks that are plaguing enterprises right now. It’s simple, quick to implement and delivers an immediate benefit.”
This seed funding round marks a significant milestone for Knocknoc, following its establishment by founders Andrew Foster, David Kempe, and Adam Pointon.
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