# Portnox funding: rounds and investors

> Portnox has raised $38M across 1 round since 2025. Investors include Updata Partners and Elsewhere Partners. Every round with its source.

Source: https://millionrounds.com/company/portnox (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Portnox*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity Telecoms

Funding summary Updated 26 Oct 2026

**$38M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series B, $38M Apr 2025
- **Led by:** Updata Partners
- **Investors:** 2 (1 led)

See who backed them

[**Portnox** Cybersecurity 1 / 14 Their pitch deck **Portnox's pitch deck, 14 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/portnox)

## The rounds

- **Apr 2025** Series B **$38M** [Updata Partners](https://millionrounds.com/fund/updata-partners) Lead [Elsewhere Partners](https://millionrounds.com/fund/elsewhere-partners) Reported by Firms' own news pages

## Founders and team

From Portnox's own website: 10 on the team.

- **Denny LeCompte** CEO
- **Quan L.** President at TrackerSoft
- **Bryce Birdsong** CFO
- **Karlo Zatylny** CTO
- **Said Aziz** COO
- **Galen Jeffrey** VP Accounting & Finance
- **Jon Seeber** Board of Directors
- **Matt Dircks** Board of Directors
- **Nick Stoffregen** Board of Directors
- **Rod Favaron** Board of Directors

## Everyone who backed them

[Updata Partners](https://millionrounds.com/fund/updata-partners) VC firm **1** round, led 1

[Elsewhere Partners](https://millionrounds.com/fund/elsewhere-partners) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=portnox).

## Quick answers about Portnox

### Who invested in Portnox?

Portnox's investors include Updata Partners and Elsewhere Partners. Updata Partners led its latest round.

### How much has Portnox raised?

Portnox has raised $38M across 1 round since 2025.

### When did Portnox last raise?

Portnox's most recent round was a Series B of $38M in Apr 2025, led by Updata Partners.

### What was Portnox's biggest round?

Its most recent round, $38M in Apr 2025, is also its largest on record.

### Who backed Portnox first?

Portnox's first round on record, in Apr 2025, was backed by Updata Partners and Elsewhere Partners.

### What stage is Portnox at?

Portnox's latest named round is a Series B, in Apr 2025.

### Where is Portnox based?

Portnox is based in the United States.

### Who led Portnox's rounds?

Updata Partners led the Series B in 2025.

## Companies like Portnox

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