Security News > 2021 > March > Axonius raises $100M to expand, innovate, and fuel market growth

Axonius announced it has raised $100 million in Series D funding, led by Stripes, a leading New York-based growth equity firm, as well as participation from existing investors Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.

"With its commitment to solving a fundamental challenge with a simple, powerful platform that collects and correlates data from hundreds of products its customers already use, Axonius has built one of the most beloved products in security."

Axonius will use the new funding to scale company growth globally and expand its cybersecurity asset management platform to meet surging market demand while maintaining its commitment to product simplicity and customer value.

After doubling its staff during the pandemic and achieving triple-digit annual recurring revenue growth in 2020, Axonius continues its rapid-growth trajectory.

"We have found Axonius invaluable in helping us tie together and tap into our existing sources of asset inventory data within our environment and helping us to paint a more clear and complete picture of our environment," said Nick McNulty, director of vulnerability management, ETS Shared Security Services at John Hancock, a division of Manulife Financial Corporation.

"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.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/WJyS8G2bQYM/