Axonius raises $200m for cybersecurity asset management expansion

Axonius raises $200m for cybersecurity asset management expansion

Axonius, the trailblazer in cybersecurity asset management and SaaS management, has recently secured $200m in a Series E extension funding round.

This impressive sum was led by Accel and Lightspeed Venture Partners, with Stripes also contributing as an existing investor.

At its core, Axonius specializes in providing a unified platform that simplifies the management of a vast array of digital assets. This includes everything from devices and users to software, SaaS applications, cloud services, and more.

The firm’s innovative approach offers clients a comprehensive system of record for all digital infrastructure, enabling swift mitigation of threats, risk navigation, automation of actions, and strategic business insights. Axonius has distinguished itself as a vital resource for IT and security teams worldwide, catering to a clientele that spans Fortune 500 companies and notable global organizations like Schneider Electric, News Corp, and Anheuser-Busch InBev.

The newly acquired funds are earmarked for accelerating innovation and scaling operations globally, responding to the burgeoning demand for the Axonius Platform. This strategic move comes on the heels of the company surpassing $100m in annual recurring revenue in 2023, a testament to its rapid market penetration and the high value it delivers to its customers.

In addition to its financial success, Axonius has made significant strides in product development. The launch of Axonius 6.0, a unified platform, has set a new industry benchmark by offering a combined solution for Cyber Asset Attack Surface Management (CAASM), SaaS Security Posture Management (SSPM), and SaaS Management Platforms (SMP). This enhancement, coupled with over 1,000 platform integrations, positions Axonius uniquely in the cybersecurity asset management space, providing unmatched insights into security gaps, risk, misconfigurations, and more.

Contributing to the company’s accolades, Axonius CEO and co-founder Dean Sysman highlighted the rapid growth trajectory, stating, “Axonius has gone from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies.

“IT and security teams at over 500 hundred organizations across the globe are using the Axonius Platform to manage an always-expanding sprawl of devices, users, software, SaaS applications, cloud services, and more. We provide a system of record for all their digital infrastructure so they can quickly mitigate threats, navigate risk, automate action, and inform business-level strategy. It’s our ability to help customers control complexity that has driven incredible adoption, but most importantly, our customers love Axonius and have given us the highest net promoter score known by any cybersecurity or IT vendor in history.”

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