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Dor Knafo

CEO and Co-Founder, Axis Security (Acquired by HPE)

“Nextage are really great people – I have thoroughly enjoyed working with them –

they have given me a great financial perspective.”

Dor Knafo

CEO and Co-Founder, Axis Security (Acquired by HPE)

“Nextage are really great people – I have thoroughly enjoyed working with them –

they have given me a great financial perspective.”

  • Dor Knafo

    About Axis Security

    Founded in 2018 by Dor Knafo and Gil Azrielant, Axis Security enables enterprises to connect with every business resource from anywhere simply safely and reliably via its Security Services Edge (SSE) platform recognizing the need for better application performance and network security required as they increasingly migrate to the cloud and as they grow the numbers of remote users.

  • Dor Knafo

    When did you start working with Nextage and how did you first meet them?

    We started working with Nextage from the very beginning. Everyone else we know was also working with them, so it was a no-brainer for us, and the fact that they came highly recommended by VCs as well just reinforced our conviction. Our only concern was that it seemed Nextage was so busy they might not have enough time for us, but as soon as Nevo came on board, he put that concern to rest.

     

  • Dor Knafo

    What key financial challenges have you faced, and how has Nextage helped solve them?

    Setting up the company initially needs to be done properly – Nextage helped us with this as well as with setting up our foreign entities as the need became relevant. What I found particularly helpful was knowing that I could rely on Nextage’s extensive market knowledge and experience, especially when it came to best practices in hiring staff, including when to hire as well as ongoing HR practices. Setting our financial performance metrics and monitoring and benchmarking them were also areas of expertise that we particularly appreciated.

  • Dor Knafo

    How would you characterize your working relationship with Nextage?

    Our working relationship with Nextage is very close indeed. They are very involved in our company providing our full finance function as well as a great deal of proactive guidance and professional help. They work directly with our auditors and our board in preparing and finalizing our financial reporting, and in general, work seamlessly with our team.

  • Dor Knafo

    How did Nextage play a role in your $100 million financing rounds and in your recent exit to HPE?

    Nextage was involved very closely in all of our financial planning which formed the basis for the financial aspects of our capital rounds and exit. Nextage was in charge of any and all financial disclosure that was required during these processes and were closely involved in preparing our due diligence disclosure schedules including formulating answers to all the likely questions we would be required to answer. In addition to the Nextage team we also enjoyed the close attention and advice of Ofer Katz (Nextage’s co-founder and CEO) during our acquisition by HPE. Ofer has a wealth of experience in this area and we did nothing without discussing it thoroughly with him first.