Axonius looks toward global expansion with $100 million in Series D funding

Cyber Security News

Asset administration company Axonius announced Monday that it would filter a part of $100 million lifted in Series D funding to increase globally.

This afterwards infusion of dollars arrives after Axonius doubled its workers through the pandemic and realized triple-digit annual earnings expansion in 2020. It follows a 2020 expenditure of $58 million, expanding complete funding to $195 million and a increased than $1 billion valuation.

“I typically say that time is the enemy of cybersecurity, and the charge and tempo of transform mean that IT and security teams can no lengthier find the money for to shell out time manually compiling facts about products, end users, and cloud occasions for points like incident reaction, audits, and compliance,” explained Dean Sysman, co-founder and CEO at Axonius. “We’re fully commited to solving a serious trouble to permit our consumers target on what is significant.”

Sysman explained by integrating with additional than 300 security and management answers, security teams can deploy Axonius in minutes. The enterprise aims to give customers a credible, often up-to-date, and extensive asset inventory to find out security gaps and mechanically validate and implement security procedures.

The financial commitment group was headed up by Stripes, a foremost New York-centered growth fairness business, as nicely as participation from current buyers Bessemer Venture Associates, OpenView, Lightspeed, and Vertex. Ken Fox, founder and partner at Stripes, will sign up for the Axonius board of administrators.