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    Back to Blog March 9, 2021

    Following Axonius Unicorn Valuation, YL Ventures Sells Its Stake to IPO-Focused Investors for $270 Million

    If you’re reading this, there’s a good chance you’ve heard a lot about Axonius in the news recently. 

    A week ago, we announced that we’ve raised $100 million at a $1.2 billion valuation. Today, we announced that our seed investor, YL Ventures, sold its stake in Axonius for $270 million to make room for IPO-focused investors ICONIQ Growth, Alkeon Capital, DTCP, and Harmony Partners.

    So What? 

    Great question. All of these announcements mean exactly three things:

    1. We’re not going anywhere. There are frequent and numerous acquisitions in cybersecurity, and sometimes enterprises are hesitant to work with young companies. They worry about going through the process of evaluating, falling in love with, and becoming a customer of a startup — only for that product to go away and be part of a bigger vendor. We hope these announcements send a clear signal to the market that our vision is for Axonius to be an independent company. That’s why we’ve picked investors that focus on seeing enterprise software companies through IPO. 
    2. We’ll continue investing in product innovation. One of the most rewarding aspects of my job is hearing customers tell us they’re blown away by the support they get from Axonius. They tell me they’ve never worked with a security vendor as responsive and open to feature requests and product enhancements as Axonius. Even as we grow and expand, I can promise you we won’t lose focus on keeping our customer experience world-class. 
    3. We’ll grow and expand. We’re hiring. We’re also expanding geographically by onboarding international Axonius employees, and through our numerous channel partnerships. 

    If you’re reading this and you’re a current Axonius customer, I want to personally thank you. 

    And if you’re not yet a customer, I want to encourage you to check us out. I hope to earn your business soon.

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    Tag(s): Axonius

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