CyberTech unicorn Axonius doubles valuation

Cybersecurity unicorn Axonius has more than doubled its valuation to $2.6bn, following the close of a $200m funding round.

The investment was led by seasoned FinTech investor Accel, with commitments also coming from Silver Lake Waterman and Bessemer Venture Partners, according to a report from Reuters.

Axonius chief executive Dean Sysman told Reuters the company could be prepared for an IPO within two years. Sysman said, “The reason we did this funding round was more than anything starting to execute as a future public company and bringing on board to the cap table the investors that see things that way and help us to transform on that milestone.”

The CyberTech company is a cybersecurity asset management platform that provides organisations with a suite of asset inventory, uncovers security solutions coverage gaps and automatically validates and enforces security policies.

Its platform is used within the finance, healthcare, retail, government, energy, manufacturing industries, and more.

The CyberTech company reached a $1bn valuation in 2021, after it closed its Series D round on $100m. US-based growth equity investor Stripes served as the lead investor, with commitments also coming from Bessemer Venture Partners (BVP), OpenView, Lightspeed and Vertex.

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