Tel Aviv-based cybersecurity asset management platform, Axonius, announced on Tuesday it has raised $200 million in a Series E funding round led by venture capital firm, Accel, with participation from new investors including Silver Lake Waterman, Alta Park Capital, and Owl Rock.
The round also included existing investors such as Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP.
Just a year after the company’s $100 million round in March 2021, this newest investment round brings Axonius’s total funding to $395 million and its valuation to $2.6 billion.
The funding will be used to further support scaling efforts in delivering CAASM (Cyber Asset Attack Surface Management) and SaaS management solutions in order to meet global customer demand. Recently, the company’s innovation unit, AxoniusX, launched SaaS Management, a first-of-its-kind platform that combines the capabilities of SaaS Security Posture Management with SaaS Management to bolster security, IT, finance, and risk teams control the complexities, costs, and risks that are often associated with today’s apps and modernized infrastructure.
Founded in 2017, Axonius provides its customers with solutions for both CAASM and SaaS management covering millions of assets, including devices and cloud assets, user accounts, and SaaS applications. It’s platform can be deployed in a matter of minutes and integrates with hundreds of data sources to provide a comprehensive asset inventory, identify gaps, and automatically validate and enforce policies.
In 2021, Axonius doubled its customer base to include both Fortune 500 and Global 500 companies as well as AB InBev, Schneider Electric, The New York Times, Wacom, MindBody, and Landmark Health.
“From the beginning, our goal has been to help our customers control complexity across their organizations,” said Dean Sysman, co-founder and CEO, Axonius. “Our massive success since 2017 is a direct result of our intense focus on meeting their needs, and it’s why we hold the highest NPS score in the cybersecurity industry. I’m honored to lead our incredible team as we continue working to solve core issues for modern businesses.”
“Axonius has achieved tremendous growth in such a short time, and we believe that their deep understanding of IT and security challenges have positioned them to be the system of record for all infrastructure,” said Matt Weigand, partner at Accel.