We’re pretty much bursting at the seams with excitement as we share the news that, despite a global pandemic and worldwide economic recession, Axonius closed out 2020 with a record 215 percent increase in year-over-year annual recurring revenue and more than double our customer count.
“If 2020 taught us anything, it’s that change is constant, and the rate of change is accelerating," said Dean Sysman, co-founder and CEO at Axonius. “Time is now the number one enemy of IT and security.
“It takes countless hours to manually collect data about devices, users, and cloud instances to ensure adherence to security policies and security controls only to have it instantly outdated. All industries face challenges to keep up with their infrastructure both operationally and from a security perspective. Axonius automates the critical fundamentals, streamlining asset management, and finding and fixing coverage gaps with little to no human intervention,” he added.
More than half of new business at Axonius came from our channel partners, with Mark Dagget, VP of Channels and Alliances, at the helm of this strategy. After joining Axonius in January 2020 and launching our Correlated Partner Program, Mark led the team in signing nearly 70 worldwide partners.
Along with our newly formed Partner Program was our increased focus on IT and cybersecurity modernization in federal agencies. We appointed Robert McLernon as VP of Federal Sales in early 2020. Under his leadership, Axonius was added to the Department of Homeland Security’s Continuous Diagnostics and Mitigation Program Approved Products List, received the Cryptographic Algorithm Validation Program certification, and was added to NASA’s Solutions for Enterprise-Wide Procurement.
In addition to these milestones, we also invested heavily in our product. We had 14 product releases and added 138 new adapters, bringing our security and management integration list to more than 300 solutions. Early on in the year, we unveiled Cloud Asset Compliance, providing customers visibility into how their public cloud instances adhere to or deviate from industry benchmarks.
Other noteworthy milestones we just have to brag about include our $58M Series C funding led by Lightspeed Venture Partners, our numerous industry awards and recognition, and the launch of Axonius for Good.
We also more than doubled our employee count — and we don’t expect that momentum to slow down anytime soon. By offering incredible opportunities to grow and a once-in-a-lifetime chance to shape the future of cybersecurity, we’re seeing a record number of new hires.
Want to join the team? Take a look at our open roles — and don’t forget to check back often. We’re adding more opportunities every week!