Israeli startup Axonius, which has developed a cybersecurity asset management platform to manage end-to-end devices, announced Tuesday it has secured $58 million in equity financing in a Series C funding round.
The round was led by Lightspeed Venture Partners with participation from existing investors OpenView, Bessemer Venture Partners, YL Ventures, Vertex, and WTI.
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Founded in July 2017, Axonius helps enterprises manage their assets. The end-to-end device management platform integrates with more than 200 existing security and management solutions.
The New York and Tel Aviv-based startup has raised a total of $95 million to date.
The new round “cements the company’s leadership position during a time of exponential growth” and will be used to expand the company’s platform offerings, a statement said.
Axonius CEO and co-founder Dean Sysman said that he hopes “this new funding round with the most proven investors in our industry serves to send a bold message to our customers and the market. Axonius has enjoyed exponential growth by solving a real problem, taking away manual work, and letting security and IT teams focus on what’s important. We’re here to stay, and to build a formidable company.”
The company’s clients include The New York Times and Schneider Electric, as well as a “handful” of companies in the Fortune 500, according to TechCrunch.