Axonius, a cybersecurity startup growing an end-to-end system administration platform, immediately introduced that it has secured $60 million in fairness financing. Cofounder and CEO Dean Sysman mentioned that the brand new capital can be used to broaden Axonius’ cybersecurity asset administration platform choices, which is fortuitous — based on Symantec, web of issues units expertise an average of 5,200 assaults per thirty days.
“Our exponential growth in revenue and customers can be attributed to the fact that we’re solving a problem that companies of all sizes and industries face across the globe. The opportunity is massive, and this new funding round will allow us to continue to aggressively invest in our platform,” Sysman advised VentureBeat through e mail. “We have a big vision at Axonius, and we’re here to stay. We’re focused on building a formidable, independent, pure-play cybersecurity company that can solve the asset management challenge once and for all, and let security and IT teams get back to focusing on what’s important.”
Axonius’ agentless answer streamlines asset administration and spotlights protection gaps by routinely validating and implementing safety insurance policies. It connects with current software program and networking gear to construct a listing of property that spans cloud and on-premises environments, whether or not the units are managed or unmanaged.
Axonius helps one-off and ongoing queries that assist for example how property relate to safety insurance policies, and it packs in set off performance that permits the programming of guidelines that kick off enforcement responses like software program installs and system scans. Its cybersecurity capabilities are bolstered additional by assist for third-party apps and companies — Axonius integrates with over 200 platforms together with Active Directory and cloud cases like Amazon, in addition to endpoint safety instruments, NAC options, cellular system administration, VA scanners, and extra.
For occasion, the corporate’s lately launched Cloud Asset Compliance service leverages information from public cloud suppliers similar to Amazon Web Services, Microsoft Azure, and Google Cloud to routinely decide how cloud workload, configuration particulars, and accounts adjust to trade safety benchmarks. One of these benchmarks is CIS Benchmarks, a set of repeatedly verified finest practices for securing methods and information towards assault.
Investors like Arsham Memarzadeh — common accomplice at Lightspeed Venture Partners, which led this funding spherical — consider that these and different options put Axonius leagues forward of rivals like Zededa, which raised $15.9 million in February; Armis Security, which secured $65 million in April; Vdoo, which lately nabbed $32 million; and Mocana, which raised $15 million in March. In any case, Axonius at the moment covers thousands and thousands of units for patrons together with New York Times, Schneider Electric, Landmark Health, and AppsFlyer. And with a watch towards progress, in February the corporate expanded its platform to be used by federal businesses.
Axonius, which was based in 2017, has workplaces in New York and Tel Aviv. Its newest fundraising spherical — a collection C funding — was led by Lightspeed Venture Partners with participation from current traders OpenView, Bessemer Venture Partners, YL Ventures, Vertex, and WTI. It brings Axonius’ complete raised to $97 million following a $20 million collection B in August 2019 and a $13 million collection A final February, and it comes after a banner yr during which the corporate’s buyer base grew 910% and the scale of its workforce doubled.