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Axonius Banks $200 Million in Late-Stage Funding 

Axonius has raised approximately $600 million since 2017 and is considered one of cybersecurity’s so-called unicorns with a valuation of $2.6 billion.

Axonius, a well entrenched player in the attack surface management space, has banked another $200 million in late-stage funding from a roster of major investors.

The company, which has roots in Israel, described the financing as a Series E extension led by existing investors Accel and Lightspeed Venture Partners. Growth equity firm Stripes also took an equity position.

Axonius said the new funding round comes as it hit the $100 million ARR (annual recurring revenue) benchmark and will be used to accelerate innovation and scale across the globe.

Axonius has raised approximately $600 million since 2017 and is considered one of cybersecurity’s so-called unicorns with a valuation of $2.6 billion.

The company has built and marketed a cybersecurity asset management product capable of providing full inventory of all digital assets and the connections to people and projects in the workplace., their relationships, and business-level context.  

Axonius said its product touches multiple pain points – Cyber Asset Attack Surface Management (CAASM), SaaS Security Posture Management (SSPM), and SaaS Management Platforms (SMP) – with more than 1,000 platform integrations to help identify security gaps, risk, misconfigurations and cost inefficiencies.

“[We’ve gone] from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies,” said Dean Sysman, CEO and Co-founder at Axonius.

Sysman said corporate defenders at more than 500 hundred organizations use Axonius tools to manage the sprawl of devices, users, software, SaaS applications and cloud services.

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“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,” Sysman added.

Related: Axonius Valued at $2.6 Billion After New $200 Million Funding Round

Related: IT Asset Management Firm Axonius Raises $100 Million

Related: Attack Surface Management Firm Axonius Raises $13 Million

Related: Axonius Uses Existing Tools to Find, Secure Devices

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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