March 5, 2024 at 09:48AM
Axonius, a leading player in attack surface management, secured $200 million in late-stage funding, bringing its total raised to $600 million. The Series E extension was led by existing investors and aimed to accelerate global expansion. The company provides a cybersecurity asset management product and has achieved $100 million in annual recurring revenue. It offers solutions for multiple security challenges and has over 1,000 platform integrations.
From the meeting notes, I have generated the following key takeaways:
– Axonius, a prominent player in the attack surface management sector, has secured an additional $200 million in late-stage funding, significantly bolstering its financial position and growth prospects.
– The funding round is characterized as a Series E extension, with existing investors Accel and Lightspeed Venture Partners leading the effort, alongside growth equity firm Stripes. This demonstrates continued confidence and support from significant investors.
– This financing follows Axonius’ achievement of surpassing the $100 million annual recurring revenue (ARR) milestone. The company intends to utilize the funds to expedite innovation and expand its global presence.
– Since its inception in 2017, Axonius has successfully raised approximately $600 million, cementing its status as a formidable player in the cybersecurity landscape, with a valuation of $2.6 billion.
– Axonius has developed and marketed a comprehensive cybersecurity asset management product capable of providing a full inventory of digital assets and their connections within the workplace, along with business-level context.
– The company’s product addresses various cybersecurity pain points, including cyber asset attack surface management, SaaS security posture management, and SaaS management platforms, boasting over 1,000 platform integrations to identify security gaps and inefficiencies.
– Dean Sysman, CEO and Co-founder of Axonius, highlighted the company’s impressive growth trajectory, achieving over $100 million in ARR within 4.5 years, positioning Axonius as one of the fastest-growing cybersecurity firms.
– More than 500 organizations rely on Axonius tools to effectively manage their digital infrastructure, including devices, users, software, SaaS applications, and cloud services, providing a robust system of record to proactively mitigate threats and inform strategic decision-making.
If you need any further details or specific information from these meeting notes, feel free to let me know!