Axonius Raises $58M To Grow Its Cybersecurity Asset Management Platform

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.

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.