Axonius Announces $200 Million Series E Extension Amid Explosive Growth
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Axonius, the leader in cybersecurity asset management and SaaS management, today announced it has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. Existing investor Stripes also participated. This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow. The company crossed $100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen of the Fortune 500 and global organizations such as Schneider Electric, News Corp, and Anheuser-Busch InBev. The company also supports four of the five major U.S. Department of Defense service agencies.
- NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Axonius, the leader in cybersecurity asset management and SaaS management , today announced it has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners.
- This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow.
- "Axonius has gone from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies,” said Dean Sysman, CEO and Co-founder at Axonius.
- The more integrations, the more information Axonius can surface about security gaps, risk, misconfigurations, cost inefficiencies, and more.