Axio, a provider of SaaS cyber risk quantifications solutions, has scored $23m in a Series B funding round.
As part of the Series B, chief technology officer of ISTARI – the firm who led Axio’s Series A – Mark Malecki and managing director of the Americas Curt Dalton will join the Axio board.
According to FinSMEs, Axio provides a SaaS based platform – Axio360 – which helps organisations centrally manage their cyber risk posture through cybersecurity assessments, risk quantification and insurance stress testing.
Since 2016, Axio’s platform has been a partner to many of the world’s leading critical infrastructure, energy, manufacturing and financial services firms.
Axio intends to use the new funds to speed up the expansion of its operations and its business reach internationally, as well as to enhance its development efforts for the Axio360 platform.
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