Israeli Cybersecurity Startup Axonius Raises $20M

Israeli cybersecurity asset management platform Axonius raised $20 million in a Series B funding round last week, TechCrunch reported.

This is the second funding round of the year for the New York and Tel Aviv-based startup, which raised $13 million in a Series A round in February.

This brings the company’s total capital to $37 million to date.

Venture capital firm Open View led the latest round, with participation from firms Bessemer Venture Partners, YL Ventures, Vertex, WTI, and Emerge.

Axonius co-founder and CEO Dean Sysman said the funds will help the company “drive customer acquisition and expedite product development,” according to Venture Beat.

Founded in 2017, Axonius helps enterprises manage their assets. The end-to-end device management platform integrates with more than a hundred existing security and management solutions.

“You can’t secure what you don’t know about,” Sysman told TechCrunch. “Almost everything you’re doing in security relies on a foundation of knowing your assets and how they stack up against your security policies. Once you get that foundation taken care of, everything else you do will benefit.”

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.