Demand for Cybersecurity Asset Management Drives Triple-Digit Growth for Unicorn Cybersecurity Leader Axonius
NEW YORK--(BUSINESS WIRE)--Axonius, the leader in cybersecurity asset management, today announced it was named to the 2021 Forbes Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
“Being named to the Forbes Cloud 100 just four years after founding the company and three years after the launch of our first product is incredible,” said Dean Sysman, co-founder and CEO, Axonius. “As organizations around the world look to untangle the sprawl of devices, cloud services, software, and the tools they use to secure and manage them, I’m proud that IT and security teams trust Axonius to control complexity. As the second-youngest company on the list, I see this as evidence of the value we provide as the fastest-growing cybersecurity company in history and proof of the massive market opportunity that lies ahead.”
A recent study conducted with ESG revealed that more than 80% of companies plan to increase investments this year to combat the problem solved by the Axonius Cybersecurity Asset Management platform. The company cites this surging demand and enormous market opportunity as key factors behind its $100 million funding round. In just four years, Axonius has skyrocketed to a $1.2B valuation with $195M in total funding, and it continues its rapid-growth trajectory.
Axonius closed the first half of 2021 with 187% year-over-year annual recurring revenue (ARR) growth. Hundreds of companies, including Wacom, Avant, The New York Times, and AB InBev, trust the Axonius Cybersecurity Asset Management platform to serve as a system of record for infrastructure and intelligence about all assets and their security coverage.
Axonius is gaining rapid traction in the federal space. The Axonius platform is now available through the DLT Solutions General Services Administration (GSA) Multiple Award Schedules (MAS), one of the largest and most widely used acquisition vehicles in the federal government. Axonius also secured a contract to provide services to the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Dynamic and Evolving Federal Enterprise Network Defense (DEFEND) Group F program. The contract was awarded through a large federal systems integrator via federal distributor IntelliPeak Solutions, Inc.
The Axonius Correlated Partner Program has been a huge driver behind the company’s success, surpassing 110 partners globally and adding 36 partners in the first half of 2021. During this period, more than 80% of new ARR came through channel partnerships and deal registrations tripled. Many existing partnerships also expanded, including Exclusive Networks, which was extended to five new countries. CRNtv highlighted this success and the program received a 5-Star rating in CRN’s 2021 Partner Program Guide. Axonius was also named a CRN Emerging Vendor in Security, and Vice President of Worldwide Channels and Alliances Mark Daggett was also recognized as a CRN 2021 Channel Chief.
In June, Axonius launched AxoniusX, a new business unit that is exploring additional market opportunities and applications of Axonius technology to bring to market industry-leading solutions that deliver new value for customers and fuel company expansion as it drives toward an initial public offering. To lead the new business unit, Axonius brought in heavy-hitting industry veterans CEO Amir Ofek, Chief Technology Officer Roee Salomon, and Vice President of Product Chen Pipek.
This year’s recognition from Forbes is not the first for Axonius. In 2019, the company was named one of 20 Rising Stars as part of the Forbes Cloud 100 list. The Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of 34 public cloud company CEOs who assist in evaluating and ranking their private company peers.
The Forbes 2021 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the September 2021 issue of Forbes magazine. Read more on the Axonius blog.
About Axonius
Axonius is the cybersecurity asset management platform that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies. By seamlessly integrating with hundreds of security and management solutions, Axonius is deployed in minutes, improving cyber hygiene immediately. Covering millions of devices at Fortune 500 customers like The New York Times, Schneider Electric, and AB InBev, and earning prestigious accolades from CNBC and Forbes in recent years, Axonius has been cited as one of the fastest growing cybersecurity startups in history. For more, visit Axonius.com.
