Security News > 2021 > March > IT Asset Management Firm Axonius Raises $100 Million
IT asset management company Axonius has raised $100 million in Series D funding, the company told SecurityWeek Sunday.
Axonius emerged from stealth mode in March 2018 with a platform that helps organizations identify and secure the devices on their network by leveraging existing security and management tools.
Axonius says the funds will be used to scale company growth globally and expand its flagship cybersecurity asset management platform.
"At BVP, we always look to quantify and measure how quickly the world's most innovative companies go from founding to $100 million in annual recurring revenue and eventual IPO," said Amit Karp, partner at BVP and Axonius board member.
"Axonius is among the fastest growing companies in BVP history, as it took the company less than 15 months to grow from $1 million ARR to $10 million ARR.".
"Despite a turbulent 2020, I am incredibly proud of what the Axonius team has been able to accomplish," said Dean Sysman, CEO and co-founder at Axonius.