We’re thrilled to share that Axonius has raised a $58 million Series C investment led by Lightspeed Venture Partners with participation from existing investors OpenView, Bessemer Venture Partners, YL Ventures, Vertex, and WTI. This brings our total capital raised to $95 million. Learn more in the press release.
This new round cements the company’s leadership position during a time of exponential growth when over 85% of organizations plan to increase their investment in asset management1. Our mission is to continue solving a real problem, taking away manual work, and letting security and IT teams focus on what’s important.
The rapid expansion of new device types, together with the move to cloud-delivered workloads, has made it extremely difficult to assess risk across an enterprise. This latest funding round for Axonius is good news, as it enables the continued simplification and aggregation of IT asset discovery and visibility, a core building block that both IT and security teams need to protect and manage their rapidly expanding attack surfaces.
Dave Gruber, Senior Analyst, Enterprise Strategy Group
Axonius will use the new funding to scale company growth and expand our cybersecurity asset management platform offerings.
Axonius integrates into any security and management product to show customers their full asset landscape and automate policy enforcement. Their integrated approach and remediation capabilities position them to become the operating system and single source of truth for security and IT teams. We’re excited to play a part in helping them scale.
Arsham Menarzadeh, Partner, Lightspeed Venture Partners
We recognize these are uncertain times for the wellbeing of our friends and neighbors, and that things are going to be weird in cybersecurity for a while. We’ve launched CybersecurityCares.org, a collaborative community curating resources to help our industry help learn, give, and adapt during the Coronavirus pandemic. We invite you to contribute.
Today’s announcement further reinforces our commitment to you and to building a formidable company that will last for years to come. Thank you for your continued support.
