New York-based Axonius Inc., a leading cybersecurity asset management and SaaS-based startup raised USD 200 million. The funding was raised in the Series E round on March 9, 2022. Venture Capital firm Accel was the lead investor. Amongst the new investors, Silver Lake Waterman, Alta Park Capital, and Owl Rock contributed to the funding as well.
Existing investors such as Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP also participated in the round. The Series E round saw the company’s valuation at USD 2.6 billion.
Axonius Purpose for Funding
“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.” -Dean Sysman, co-founder and CEO of Axonius.
What the founder of Axonius has to say-
Axonius co-founder and Chief Executive Officer Dean Sysman said, “Accel’s history of investing in companies that are redefining markets aligns perfectly with our goals and commitment to innovation.”
Emphasising on the standard metric Net Promoter Score, he added, “From the beginning, our goal has been to help our customers control complexity across their organisations. Our massive success since 2017 is a direct result of our intense focus on meeting their needs, and it’s why we hold the highest NPS score in the cybersecurity industry. I’m honoured to lead our incredible team as we continue working to solve core issues for modern businesses.”
What the investors have to say-
“Axonius has transformed the way companies manage and secure their assets, solving foundational problems for teams struggling to control complexity. Axonius has achieved tremendous growth in such a short time. We believe that their deep understanding of IT and security challenges have positioned them to be the system of record for all infrastructure,” said Matt Weigand, partner at Accel.
About the company
Avidor Bartov, Dean Sysman, and Ofri Shur founded New York-based Axonius Inc. in 2017. It provides a cybersecurity asset management platform that aids organisations to analyse information technology assets, from devices to services. Further, it aids in identifying potential security risks.
Axonius’s consumer base is vast. It boasts of Fortune 500, Global 500, and some of the largest federal agencies. Besides, it caters to AB InBev, Schneider Electric, The New York Times, Wacom, MindBody, and Landmark Health.
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