Axonius, founded in 2017 by Avidor Bartov, Dean Sysman and Ofri Shur, is a New York City-based (United States) cybersecurity company. it develops a platform that offers security management and visibility into connected devices, mobile endpoints and IT infrastructure with agentless operation, API-based communication, and integrations with existing security and IT management deployments. Axonius enables organisations to detect missing security controls, assess posture, and unify asset inventory across devices and SaaS helping enterprises manage their ever-expanding digital attack surface.
What Is Axonius and What Does It Do?
Axonius, founded in 2017 by Avidor Bartov, Dean Sysman and Ofri Shur, is a New York City-based (United States) cybersecurity / IT operations company. The company builds and provides a cloud-based asset attack surface management (CAASM) platform, giving organisations visibility into all connected devices, mobile endpoints and software assets, enabling agentless discovery, API-based integrations, security posture assessment and enforcement.
Axonius employs between 501 and 1,000 people. Its platform helps enterprises unify asset inventory, detect missing controls, integrate existing security and IT tools, and manage risk across a complex digital infrastructure.
How Much Funding Has Axonius Raised?
1. Seed Round
- Amount Raised: $4 M
- Date: September 2017
- Lead Investors: YL Ventures
- Motivation: To develop the initial product and enter the market.
2. Series A
- Amount Raised: $13 M
- Date: February 2019
- Lead Investors: Bessemer Venture Partners
- Motivation: To scale operations and expand the customer base.
3. Series B
- Amount Raised: $20 M
- Date: August 2019
- Lead Investors: OpenView Venture Partners
- Motivation: To enhance product features and increase market penetration.
4. Series C
- Amount Raised: $58 M
- Date: March 2020
- Lead Investors: Lightspeed Venture Partners
- Motivation: To accelerate growth and expand the team.
5. Series D
- Amount Raised: $100 M
- Date: March 2021
- Lead Investors: Stripes
- Motivation: To support global expansion and product development.
6. Secondary Market
- Amount Raised: $270 M
- Date: March 2021
- Motivation: To provide liquidity for early investors and employees.
7. Series E
- Amount Raised: $200 M
- Date: March 2022
- Lead Investors: Accel
- Motivation: To continue scaling operations and enhance the platform.
8. Series E Extension
- Amount Raised: $200 M
- Date: March 2024
- Lead Investors: Accel, Lightspeed Venture Partners
- Motivation: To bolster valuation and make strategic new hires.
Total Funding Raised: $595 Million
Current Valuation: $2.6 Billion (as of Mar 2024)
Latest Funding Date: March 2024
Key Investors
1. Accel
- Details: Global venture capital firm investing across early and growth-stage tech companies.
- Investment Focus Areas: Technology, software, cybersecurity, enterprise software.
- Notable Investments: Facebook, Dropbox, Slack, and Axonius.
2. Lightspeed Venture Partners
- Details: Multi-stage venture capital firm focusing on disruptive innovations in enterprise and consumer sectors.
- Investment Focus Areas: Enterprise software, consumer tech, health tech.
- Notable Investments: Snap, AppDynamics, MuleSoft, and Axonius.
3. Stripes
- Details: Growth equity firm investing in software and consumer businesses.
- Investment Focus Areas: Software, internet, branded consumer products.
- Notable Investments: Monday.com, Snyk, Reformation, and Axonius.
4. Bessemer Venture Partners
- Details: Venture capital firm investing in early, growth and late-stage companies across tech and other sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest, and Axonius.
5. OpenView Venture Partners
- Details: Venture capital firm focusing on expansion-stage software companies.
- Investment Focus Areas: Expansion-stage software, SaaS.
- Notable Investments: Datadog, Instructure, Expensify, and Axonius.
Where Is Axonius’s Headquarters?
Axonius is headquartered in New York City, United States. The location places it in a major global financial and technology hub, giving it access to enterprise customers, cybersecurity talent and investment capital.
What’s Next for Axonius?
Axonius is positioned for scalable global growth, leveraging its strong momentum after crossing $100 M in annual recurring revenue and raising a $200 M Series E extension in March 2024. The company is focusing on expanding its asset intelligence platform, supporting additional global organisations, enhancing SaaS-management and cyber-asset attack surface management capabilities, and pursuing strategic acquisitions. A potential IPO is on the horizon, as the business continues to scale and mature.
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