- Axonius secures $200M in funding led by Lightspeed and Accel
- Company provides real-time network snapshots and cybersecurity tools
- Focus on long-term success and cybersecurity, not just valuation
Axonius, a specialist in cyber asset management, secures $200M in funding led by Lightspeed and Accel. The company provides real-time network snapshots and tools for cybersecurity, aiming to help enterprises manage their digital footprint effectively.
What to know: Axonius, a specialist in cyber asset management, has secured $200 million in funding at a flat $2.6 billion valuation. The investment, co-led by Lightspeed and Accel, is an extension to Axonius's existing Series E round of $200 million led by Accel two years ago. Despite the decision to keep the valuation flat, the company is on track for over $100 million in ARR with 500 large enterprises as customers. This funding will support Axonius in expanding its business further.
Deeper details: CEO and founder Dean Sysman emphasized that the company's focus is on the long-term success and not just on valuation. Axonius provides real-time snapshots of an organization's network, covering on-premises, cloud, and other network areas. The platform offers tools to detect changes in the network and suggests actions to enhance cybersecurity. The company's primary objective is cybersecurity, distinguishing it from other firms focusing on data management or regulatory compliance.
The backstory: In today's complex enterprise environment with cloud services, containerization, and various connected devices, understanding the attack surface is crucial for a robust cybersecurity strategy. Axonius, along with other specialist firms, aims to help manage this complexity. Major companies like Schneider Electric, News Corp, and Anheuser-Busch InBev have already partnered with Axonius. The company plans to utilize the recent investment to enhance its platform and expand into new markets.
A history of growth: Lightspeed, a key investor in Axonius, highlighted the company's remarkable growth trajectory, achieving $100 million ARR, integrating with 1,000 platforms, and evolving into a comprehensive management platform for an enterprise's digital footprint. The partnership with Axonius reflects Lightspeed's commitment to supporting high-performing companies. Axonius is well-positioned to establish itself as a prominent name in the cybersecurity and IT industry.
Always improving: Axonius has received significant funding to boost its cybersecurity solutions and expand its market reach. With a strong focus on long-term success rather than just valuation, the company aims to revolutionize how organizations manage their network security effectively.
